yeah I think 8c probs like 110m MC, I might calculate the steps in a minute for people.
I agree sub 8c would be pretty silly, this has a good potential to breakout from 10c (not saying it WILL, but it certainly has the potential too).
Even if we open a bag higher, emotions will kick in and people will start taking profit - A lot of people don't have what it takes to hold onto big moves and let their profits run, which is fine as everyone needs to follow their own strategy and operate within their comfort zones, but for those who hold I very much think we have a good shot at making a lot of money mate.
At the end of the day, a big % move means nothing if it was coming from the very bottom of the barrel, but re-rates are a lot harder to read the tape than your standard 'good news' announcements that get day traded and dumped etc.
I always advise offloading some of your holding however to 'de-risk', at 8 you only need to sell 25% to free carry!
VEC Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
