Been in this since before last Nov 18c cap raise, which certainly shook out some sellers and crunched the price back. False start and fair enough given that even small SPP's act like a magnet but then compounded by the Xmas stock market conniptions Since the Galena project level sell down to fund the Abbra mine and never have to go back to market again I have been accumulating more heavily, but in hind sight too casually.
What Will It Take To Shake Out Some Sellers damn it? Sure, there hasn't been any general market weakness or corrections which is unlucky but I thought surely there would be 18c SPP buyers from the shortfall happy to walk away with a quick 25% profit by now. Heck, there were quite a few shares traded during the Xmas panic sub 18c, long term holders who missed the pre-Nov 24c bounce, long term holders hurting from other market mistakes maybe looking to balance up other losses. But no, just a few shares at each price point and no liquidity to speak of.
Has everyone really twigged that this is a 50c stock the day after AJ inks a project level sell down deal with off-take partner(s), which will then still be trading at 50% discount to the analysts new updated target price valuation? Yes, this is an unabashed up-ramp post but also a little shout out to holders not to be greedy and feed out some shares for others to get a slice of the action. Wall St tumbles, China prints more weak GDP numbers, metal prices fall, planes fly into buildings... sellers could break any day and the share price, and your profits, will come tumbling back down in an illiquid stock like this.
Thanks in advance.
Cheers
VXR Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
