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
$1.70 |
Change
0.110(6.94%) |
Mkt cap ! $626.2M | |||
| Open | High | Low | Value | Volume |
| $1.62 | $1.70 | $1.58 | $9.174M | 5.623M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 8331 | $1.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 4061 | 3 |
View Market Depth
| Last trade - 13.00pm 16/05/2024 (20 minute delay) ? |
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Last
$1.72 |
Change
0.110 ( 8.46 %) |
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| Open | High | Low | Volume | ||
| $1.63 | $1.72 | $1.58 | 937169 | ||
| Last updated 13.19pm 16/05/2024 ? | |||||
| CHN (ASX) Chart |