Discussion in 'Stocks & Derivatives' started by mmm....shiney!, Oct 6, 2020.
Hard to ignore the track record of Tony Rovira. Nickel play.
AZS in a trading halt.
I've been a holder since 2016. One of the worst investments I've ever made. Chart looks like it's ready to make a reversal though, so the insiders have probably been buying in anticipation of this.
That takes some commitment to hang on @BuggedOut, for your sake I hope it moons.
It was going to be my next purchase on Monday, was waiting until some funds cleared.
Hopefully still will be.
It hasn't really been commitment, it's been stubbornness and refusal to accept the loss
This one and a couple others I bought around the same time after seeing them at the Precious Metals Investment Symposium in 2016 - they have pretty much put me off investing in juniors for life. I just don't trust the way these companies are run like play things for guys like Tony Rovira and (in hindsight) most of their presentations were full of **** designed to lure in mugs like me.
Trading has resumed and the stock hit a morning high of 44 cents - an 87% rise on last close.
Did you buy any today shiney?
I did, but I missed the early price as I had an appointment and was assuming they'd be suspended until tomorrow so I chased the price up (FOMO??) and am currently in the red.
Well, join the club
Hopefully we'll get a bit of follow through buying over the next couple of days. Are you trading on a short term horizon or looking to hold long term?
My personal advice is to not get caught holding for too long. Good news has a tendency to wear off over time and this stock has been bleeding out on me for years so I would not be surprised for it to revert to type.
Probably hold until the development stage, as long as all goes well.
Assay results at the end of Oct beginning of Nov and drilling will continue until the end of Nov so there'll be plenty of opportunity for more buyers to enter. As long as it's all nice news.
I did hold but unfortunately sold around May/June sometime. Moved the funds into other stocks that have done well but not as good as the three bags I’ve missed out on... think I sold around 12c mark.
It looks like this one might pay off after all.
Trading Halt. Capital Raising....
Personally quite happy to have sold out of this stock at 91.5 as I may have very nearly caught a peak. There is a chance it will kick on from here, but I've seen this stock do a steady stream of CRs and continually dilute holders for over 4 years now so I just don't trust it. Still pinching myself about the fact that I have got out with a profit when I probably didn't deserve to.
You still holding shiney?
This thing has tanked 50% since the capital raising, which was the peak. Absolutely it has reverted to type.
Covert Accumulation -> Press Release -> Hype Rally -> Capital Raising -> Dump
It's almost a perpetual pump and dumper. Puts the crypto market to shame sometimes
I’m still in. Still showing a profit.
Could see further falls, possibly below 41c or even lower. In the absence of news then the best case scenario would be a period of consolidation at around this level, let's say between 40 and 50 cents. Which is a pretty big range I know.
The trend is still not very friendly:
Looks pretty typical to me. They got their capital raising in at elevated levels so they have some play money for the medium term and holders will be hoping for consolidation around this level.....which is quite possible. Don't think I'd be selling here if I was still holding.
Just be aware of the game being played here and next time you see quiet accumulation before a hype announcement you should try and get out on the spike. I dodged a bullet with this stock and I'm still counting my lucky stars. Just remember, Tony is an explorer....not a producer.
@BuggedOut, I'll keep an eye on it, don't like shenanigans.
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