well after much deliberation I went the other way and did what in hindsight I should have done a while back. However I invested in this play on fundamentals rather than technicals and to my mind the fundamentals and inherent risks actually increased today.
I am now free carried which in my opinion more accurately reflects the risks now involved with this investment (my personal opinion).
I still hold for the potential rewards -and will make very good money if Garatau gets bought out or if the rights on the tubatse farms are resolved in favour of nkwe and a full takeover is progressed. An investment in Nkwe still has a big potential reward attached to it.
However if it is a slow grind to production at Garatau with ongoing issues at Tubatse I will not sweat the small stuff anymore.
Good luck to all those that topped up today. You are certainly braver than me. I think I will sleep well tonight.
NKP Price at posting:
46.0¢ Sentiment: None Disclosure: Held