Ozblue, just a thought…. If your projections of 15-20m tonnes of...

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22/04/24

11:02

Post #: 73453298
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Originally posted by ozblue ↑

Pretty obvious now that the up/down/up /down from $14-$16 was a running correction, so I'd expect we are now in take-off mode, possibly up to around $20, before we get a larger correction. Could be either price or time or combination of both, but will set up the platform for the next rise above $20 when news flows again...

I'd expect after the next high of around $20 will will get a more severe correction than we have had for a couple of months. It might coincide with the last of the drilling results while we wait for MRE or met results, or anything else.

When we get a shakeout, and we will get one sometime, expect the initial move to be down hard, by the accumulators bots selling some stock trying to drive the price down and set off stop losses or 'take profits', from retail holders.

It's just the way the game is played. I'd expect more down rampers to turn up at the same time, obviously just a coincidence (NOT!!!)

A little trick I've done over the years to stop me being worried about a fall in the SP of something I want to keep longer term, is to either sell a very small proportion, somewhere near a top, then look to buy back a few more cheaper, or just look to buy some more on a pullback.
Suddenly the psychology of holding changes as I look forward to whatever retrace, so I can rebuy/buy more, usually hoping it will happen, but not really concerned if the price just spikes away.

Anyway, hopefully we have a way to go to the top of the current run, up around $20.

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Ozblue, just a thought…. If your projections of 15-20m tonnes of high grade 2.5% is correct, and your prediction of 1mtpa would net NPAT of $500m, let’s say we’ll have 80m SOI by then, we are talking about just need to give $80m of dividends out of that pool of cash back to shareholders, and that will be $1 per share of dividend. The rest will be used to pay down the loan and expand the mine.

Life changing for those who holds 200k shares!

Just a dream…..

WA1 Price at posting: $17.47 Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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