I sold out a couple of weeks ago when it spiked to around 19c, I think it topped around 20.5 from memory.
I had held BUX for around 18months. I bought several times between 6cents and 13cents.
I didn't take profit when it hit mid 20s in 2017 foolishly. I too was a believer in the project.
However after my trading experience had grown in the last 12 months, I couldn't leave the amount of money I had invested in BUX on the table in the hope of great grades and depths.
So I took my profit at 19cents.
My reason for selling were as follows.
1. I had made a significant profit at 19cents and have learnt from my mistakes in the past of not profit taking.
2. I had learnt over the last 12 months that the reality of BUX and other explorers of actually becoming a miner is less than 1%.
3. I didn't want to be left holding the bag, when the current drill program fizzles out
4. The current grades and depths from the new drill program are dismal. Finding 100mm of Nickel all be it, "high grade"
5. The depths of the intercepts are 300metre mark make this becoming a viable project even less
6. The money gained from selling I have reinvested in more advanced Companies, which I now think will be more rewarding due to the experienced I have gained in trading in the last 2-3 years
It is possible that this will test mid 20s again, but its not a risk I am comfortable with if the drill program shows up nothing.
Good luck to all holders
BUX Price at posting:
18.5¢ Sentiment: None Disclosure: Not Held
