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0.6¢ merlin diamonds limited

Ann: Quarterly Activities Report, page-21

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dingledongle

195 Posts.

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01/08/18

15:01

Post #: 34671704
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Originally posted by iReact ↑

I'm happy that I found some more funds and was able to get a few more shares at 007. IMO buying at sub-cent levels is all about having faith in the company. If there are no diamonds to be found we lose, But if they find diamonds then we are in a position to get maximum profits. That's the risk we take. Personally for me, Merlin is a Buy and Hold strategy instead of a short-term trade. Maybe we are also at these low levels due to the lack of trust that some people have with the CEO. Once the diamonds start flowing in and the sales come through then sub-cent shares will be a thing of the past. So are you a trader that likes to take the risk and buy in early? or would you prefer to wait until the diamonds are found and then buy in at a higher rate?

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I have bought a few separate parcels at 0.006, so like you I am happy to hold. I dont invest in penny stocks unless I am willing to loose the money, as there is little to lose and everything to gain if things pan out. If it becomes a 10 bagger +, then I will sell half my holding and then I am happy to hold forever (unless I want to buy a jet!)

MED Price at posting: 0.8¢ Sentiment: Buy Disclosure: Held
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