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clock Created with Sketch. 26/01/19
08:58
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Originally posted by prawn_man:
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The advantage of Key Hole's strategy is that if the exit and re-entry is picked right, then the re-entry price is lower so it gives more stocks for the same amount of money. However, I'm in the for the longer term, and don't trust my judgement. Nevertheless, we all need to recognise that after the discovery stage there will be the orphan stage when the price falls and seems to die. It can be a blood bath and retail investors may give up all their gains at that stage - I've been through it. Eventually, after much heartache, when mining starts and cashflow is coming, there should be a return to fair value. (That's what the experts and experience tell us.) Throughout this process, which may take a couple of years, we will be in for some wild rides. So it is good to have a plan - an exit/return or hold strategy - depends on yourself and how much pain you can endure, I guess. My feeiling, for what it is worth, is that we don't have to worry yet. We have got some good discoveries to hear about, so the trend should keep on going for a while yet, amigos. But be your own judge!
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Originally posted by prawn_man:
↑
The advantage of Key Hole's strategy is that if the exit and re-entry is picked right, then the re-entry price is lower so it gives more stocks for the same amount of money. However, I'm in the for the longer term, and don't trust my judgement. Nevertheless, we all need to recognise that after the discovery stage there will be the orphan stage when the price falls and seems to die. It can be a blood bath and retail investors may give up all their gains at that stage - I've been through it. Eventually, after much heartache, when mining starts and cashflow is coming, there should be a return to fair value. (That's what the experts and experience tell us.) Throughout this process, which may take a couple of years, we will be in for some wild rides. So it is good to have a plan - an exit/return or hold strategy - depends on yourself and how much pain you can endure, I guess. My feeiling, for what it is worth, is that we don't have to worry yet. We have got some good discoveries to hear about, so the trend should keep on going for a while yet, amigos. But be your own judge!
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BGL will have over 2 Million ounces and. E drilling below 550 meter seeking new orebodies/ extensions/ repetitions for most of 2019 and have made it clear they will not waste money on planning to mine... so it remains a growth explorer...
(20min delay)
