I am interested in the day to day, week to week SP movements, not one to put in the bottom drawer. Nothing wrong with that surely. Different strokes.
No nothing wrong with that and many do it , but the the Company itself works in very different timeframes, they plan around growing the Company indefinitely with the shareprice reflecting the results over time, so anyone with a shorter timeframe in mind will be at odds with them.
That combined with the often unreasonable expectations put on management by generally shorter term holders who want instant gratification, is often totally out of kilter with reallity and leads to a lot of unecessary attacks IMO...
I doubt becoming a buyer now will do any harm to ones portfolio over time but could easily go lower in meantime, such is life in the markets...
During the period between our current more or less static production rate and a higher one further down the track the shareprice will be driven mostly by the price of Gold and the sentiment in the sector IMO and it's hard to know what the short term movement will be but it's certainly looking promising long term...
Cheers Whisky
RED Price at posting:
28.5¢ Sentiment: Hold Disclosure: Held
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