Guzz... Tipped it but in all honesty did not take a position as it fell for 2 weeks immediately after I tipped due to the overall market weakness...and the lateness of the 1st drill result.
I generally wait for support to show before entering any new stock... I knew the drill results were coming (ie the FA Event) but did not expect a 250m+ intersection with a finish in mineralisation. So ...alas.. did not benefit from the rise however I benefited from the secondary effect it had on the dragging up the whole ASX graphite market in general ... Ie was holding TLG which gained significantly and decent profit was taken. Will now wait for weakness to play out and support to re-enter before taking a new position... I have allergic reactions to entering or chasing spikes through past unpleasant experiences.
Still think TLG is the understated star of the graphite sector on the ASX... ie it has a world class resource defined ... SYR think they have a world class resource but we will have to see what the drilling turns up. Syr Mcap is more that 9-10cx TLG... DYOR to confirm
I'm still pro Graphite even in in this choppy market for the reason underscored by the sudden rise in SYR ... Quality is still quality ...so exploit irrational fear on Stocks with solid fundamentals ... but at the same time run a tight stop in case your wrong.
