RE:RE:"Heavily Oversubscribed"Looking forward to the ASX debut for sure and then more importantly the backlog of assay results which will soon follow.
There will be pent up buyer demand for the stock, especially if assays show continued promising results, given the book was >4x oversubscribed with many investors significantly scaled back or missing out.
With that in mind, I plan on holding nerves to sell vauable shares far too early on. On a portfolio basis I am certainly "overweight KCC" after accumulating share in this sub-$0.30 range. A few "trading layers" added for sure on top of what I see as a longer-term investment. I'm sure many can relate. I find when you've been sitting on underperforming shares for a long time period, it builds up a bit of desperation to finally sell off shares for any decent profit and to de-risk. A feeling I plan to fight until a significant price appreciation occurs (with decent assays) through the course of the drill campaign.
Just musing...but I personally see a minimum level for a trading layer to come off at the $0.78 range ($0.26 pre-split). That's a small leg up from the prior peak after encouraging initial visuals came out in NSW and a market cap of $50MM which brings it in-line with similar prospects in the belt (and the strong current copper price). I think the drilling campaign will be a work in progress and I don't expect any jackpot type of results too soon given the comments John Holiday had on the nature of the belt. So patience will remain key in my mind and I don't want to sell myself short on some initial pops in the stock price as things just get started up.
Everyone's investment plan, risk tolerance, financial situation, etc... should be their own responsibility of course. Certainly not advising anything here. Just sharing my personal thoughts and experiences here as things begin to, I imagine, get much more exciting here!