RE:RE:RE:New bottom today. Good stock As I said couple of weeks ago, the bottom will be in the 70c.. Why?? I referenced FL price as that was the bottom price for them and they are at the money stage. Just consider that that's how the market values juniors now. Hence kicking myself for buying back full position.
But should be noted that FL is much more liked by the market than CRE hence my stop loss set up at 50c. I do believe that if by Spring 2024 there is no deal, this will go there. So if that happens will be stopped out and will leave without any profit or loss after holding this dog for 8 years!!!
You like it or not, this is now salvage or recovery investment with hope for most people to get out without loss, as the VWAP for the last 2 years is around $1.5/share so many people are way under water here.