RE:RE:RE:RE:RE:RE:DIVIDEND! Hello ICT111.
Yes, and that was less than 12 months ago.
Looking back at my daily notes, my active buying between $1.00 and $1.30 was predicated on my $2.00 by the end of 2021 forecast, and clearly I am now very happy to have added substantially to our family holdings in that price range.
Given the advances made by the Company through 2021, and the significant derisking of this investment that resulted, my forecast has been updated to show $5 per share as my target for December 31, 2022. Seeing the stock run up to $4.44 in January 2022 seemed to repeat the run to $1.97 in March 2021, so my buying at $3.30 is judged against the December 2022 $5 target (which assumes the current Company guidance of 700,000 tonnes production in 2022 is achieved.
I am hard pressed to find another investment where I have done appropriate due diligence that gives me the confidence I have to put our money at risk as I now have with Verde. Still outstanding issue to watch and hopefully to be addressed in the months/years ahead, but the momentum and tail winds are already significant.
I will continue to add upon weakness, especially if a result of a general market retreat unrelated to anything that directky impacts Verde's specific situation.
Cheers.
S.