Congratulations on your wonderful $1 million plus windfall profit. - nice work if you can get it - you are an inspiration to us all.
However - it seems to me that you were confronted with a Scylla and Charybdis type dilemma - as a consequence of the size of the bet and the as yet unknown implications of the Chonolith at Julimar..
You opted to take the profit at $1-20 - the potential downside being if a TH is called, a monster resource announced and the shares reopen at $3-00.
Alternatively if you took the punt and waited you may have forfeited a very substantial windfall profit or part thereof that was available now.
What would I have done? - probably had a nervous breakdown
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Last
$1.12 |
Change
-0.060(5.11%) |
Mkt cap ! $433.6M | |||
| Open | High | Low | Value | Volume |
| $1.18 | $1.18 | $1.08 | $7.984M | 7.174M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 85126 | $1.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.13 | 10000 | 1 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
$1.13 |
Change
-0.060 ( 4.57 %) |
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| Open | High | Low | Volume | ||
| $1.17 | $1.17 | $1.08 | 1471311 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| CHN (ASX) Chart |