GREY:ALXDF - Post by User
Comment by
LRGreturns4meon Dec 01, 2017 6:06pm
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Post# 27075803
RE:RE:RE:Fwiw.......
RE:RE:RE:Fwiw.......Agree with Nelson. These BB's should never influence a buy/hold/sell decision. I think you should sell and buy funds, they charge a fee, but you don't fret over decisions and they are less volatile.
After you sell, research looking for a shallow gold deposit over 2.0 million ounces with elephant potential below it. If you find one, come back here and post about it.
Multi baggers take time. All companies have some issues and the issue with AZX is as much history as it is the share count. Eric drilled all over with no strategy until they realized by finding old drill logs, that they were misinterpreting what they had in the Orenada zone. Since then, a narrowed laser focus on properly defining the deposit has been the only program. They are making great progress which will be verified with a a new resource estimate. Meanwhile people who are aware of the old haphazard exploration style have no interest until the RE comes out. This milestone will turn many heads. But all of this is also clear to the opportunist, who wants to accumulate low cost shares to sell into the post RE move into the stock. That is glaringly obvious.
Everyone has different investment styles, gold juniors offer many swing trade opportunities within the long run up of a successful explorer/developer. Some play the swings, some buy and hold for the long awaited buyout, others play the technicals and certain known milestones like release of hold on FT shares (this year's high came a week before 45 million FT shares came out) as was the case this April. We are entering the last opportunity to buy cheap shares as the scared and nervous sell before year end. After the Q1 run up and the updated RE, you are not very likely to see single digit again. Consolidation would cause some to sell for a possible short term dip, but long term would not be too negative if the gold is there.
Try the gold junior index, that's a safe spot for you. GL
LRG