An investor is an asset income manager. (eg the asset delivers an income stream like a div.)
I would suggest you are a trader, we have a different objective to the investor. We plan to buy a share at one price and sell it on for another price.
At 54c you bought in a rising trend, which now in the short term is going sideways, giving a probability of carrying on going sideways is 75% with 15% up and 15% down. Until there is enough force to deflect or the change its direction. (newtonian physics).
I cannot advise you on what to do, but for me I hold.
Ni prices are good Stockpiles still worry me, so will not be accumulating yet. Unless another trading opportunity comes up.
Short term I do not expect more than 5% variation, but over 12 months and subject to force I expect the stock to be over a dollar.
Again this could change,
will minara purchase honeymoon well will they get into the nickel sulphide arena will they enter into talks with norlisk to purchase one of its assets will they add copper to its portfolio
these things have been discussed by peter johnson recently, i will get the abstract and post it.
MRE has so much potential, but you will need patience to realise this.
Also mre are the worlds 4th largest producer of cobalt. something never to be ignored in a boom. (whenever the next one arrives).
Good luck, what you do in todays bad times, creates tomorrows good times.
MRE Price at posting:
64.0¢ Sentiment: Hold Disclosure: Held
