no its wasnt Mt Bevan it was the combination of cash backing and gold exploration
theres a few stocks I watch with cash backing LCY was one of them but the trigger was when they began some gold exploration with gold being so bullish.
You need a trigger otherwise you can end up sitting in a cash backed stock for months and months while it does nothing
the massive amounts of negativity initially took me by surprise but then made me realise this was like GXY or more recently GMR an under performing stock that was just hated by holders which is why it was trading near cash, GMR probably a better example as it was another gold spec that was in this predicament just a few weeks back its 3-4 bagged of its lows with the catalyst being major holders finished selling but mainly that being a gold spec with a soaring gold market investor sentiment turned
