Post by
Storage1 on Jan 14, 2022 11:13am
Exit Strategy
As a long term Verde shareholder I am pleased with the current run up It is nice to see the company finally start to execute on what I have always thought would be a solid investment from a risk reward standpoint. I am in this for the long haul and I believe that this will make new all time highs in 2023 if they can execute. But I wondering the thoughts of the group here as far as their exit strategy. Having watched my return on investment sky rocket (especially on the shares I loaded up on in march 2020) It has me wondering if I should take some off the table or stay fully positioned for the whole ride... Interested I your thoughts...GLTA
Comment by
sparkdog on Jan 14, 2022 2:39pm
Why sell now? In one breath you say your in it for the long haul....then you want to sell? What's your definition of "long term and "long haul"? Only you can decide when to exit. However, I expect whatever you sell will be bought.
Comment by
Storage1 on Jan 14, 2022 4:39pm
I have not sold any in the past 6 years. Have only added. More worried about a steep broad market correction. Would be painful to the gains we have made erased. Thanks for the input.
Comment by
PedroPistacio on Jan 14, 2022 4:38pm
I think it depends on whether you think you can trade this share. I think that trading a share like this is too tricky personally given that on a 10 year view production could grow 25 fold according to the feasibility study. If you get out at the wrong time so early on in this production escalation it could be tricky getting back in in any size.