CAI calidus resources limited

Why overall gold mining sector down?, page-6

  1. 1,777 Posts.
    lightbulb Created with Sketch. 919
    OK fair enough, so .13 was a price you've targeted based on what you saw happening based on CAI operations at the start of the qtr and the POG.

    But if you think the longer term is looking sort of OK, and your end game is to lower your average price (I'm guessing so if you choose, you can get out close to even if the SP rises, as you have said you think it will) - and as you've said you want to justify another buy in - what does it really matter whether you buy in at .13 or .14 (which the SP got to)? So, if it gets to .13 and you buy in again, SP rises you pat yourself on the back. It doesn't get to .13 you don't buy, SP rises (sure your current holdings rise) but you don't get the benefit of the buy in you think was warranted around .13. Do you then kick yourself for missing out on that buy in you've clearly geared yourself for, because of a 1c differential?

    On the other hand, if it gets to .13 do you jump straight in or do you wait to see if it drops to .12?

    End of the day, it's up to you and everyone has got to have their own system. Personally, if I think it's worth a buy based on progress of the business, then a cent or 2 wouldn't stop me because of where I believe it's going. Maybe that's my general downfall - I don't apply stringent enough limits? Interesting though...anyway, good luck with your investment.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.