That is now a 70% return in 10 weeks (365%pa equivalent) RISK FREE. Not even PM's have a risk:reward ratio like that. $1.00 is now the floor price, so I am holding out for another counter-offer from Nord. This remains risk-free.
116% here though it wouldn’t be called risk free in my circumstance as I’ve held these shares for about a year or more speculating both a higher POG and a takeover. Yep, a solid case for if you’re “into” PMs then you should at least consider diversifying into gold/silver stocks. Even an ETF like GDX. Especially as you’re already likely to have an understanding of the fundamentals of the market. Unless of course you read too much Schiff or Bix Weir.
My initial stake was bought at 44.5c, so it's at 125% same as you. However, I tripled-down at 59c (HERE) after Shandong's first bid of 60c, because it became risk-free. So these additional two stakes are at 70% and have never had any risk.
Depends on the stock with specs. Most I straight-trade. SBR I will offload as a straight-trade. OAR I am now free-carrying 1/3 of my initial parcel - so I have my original stake, +100% profit + a tidy parcel of shares which I think are worth the punt on good drill-results.
Well, looky what we have here. Every order under $1.12 pulled after close. There are virtually no sellers left. This is a sure sign of something better coming. .
I’ve sold my stake in CDV. My objectives have been achieved, I’ll leave others to take some profit. will probably use some of the profit on buying a stock I intend to hold long term that has been smashed because of world events and hasn’t recovered so I’m going to double-down on it. Will substantially reduce my DCA.
Phoslock Environmental Technologies. Its share price has been obliterated this year what with Covid and the floods in China. I averaged just over $1 per share as I bought in about July last year before it's high of 1.40 odd (with another tranche in December I think at about 0.73) but since then I've had my arse handed to me on a plate. Fortunately about half of the shares I own in PET were financed through profit taking a nice little earner last year so it's not as bad as it looked on paper. I bought more today at 0.23c so I've now got my average share price down to just over 0.50c/share which in light of the history of the share price and the potential demand for the technology as a solution to cleaning polluted waterways offers me some hope of making a profit. I don't normally double-down, I normally just dump and cut my losses. And cry for a little bit. Then have a scotch or bourbon. It is a planned long-term hold for me. Hopefully things will turn around. From Tradingview: Sorry that it's not gold related and a bit OT.
That’s what a mate I have that is also in the stock believes. Care to elaborate I’d be keen to hear your thoughts. Edit to add: just read its an auditing issue. Lovely.
