Codan released an Investor Presentation today.
Seems that the Gold Detectors are for the 'Artisanal Small Scale Miner' or one man, his detector and a shovel.
Strikes me that this market is a lot less sensitive to the price of gold than the big boys.
I sold out again this morning at an average $3.34 and a bit.
25% in two days plus the initial 75% between October last year and last week for a compound 119% profit.
It has definitely served me well.
I have no idea where the market intends to take this next but I hope that it reappears on the buy list.
I sold out again this morning at an average $3.34 and a bit.
25% in two days plus the initial 75% between October last year and last week for a compound 119% profit.
It has definitely served me well.
I have no idea where the market intends to take this next but I hope that it reappears on the buy list.
Best Wishes
Paper Riger
well done. I was watching it around 2.70 a few days ago but had no free funds to buy it. Im guttered I missed the boat now.
I'm in the slow boat these days and still holding. The volatility has surprised me in both directions - my position was on the list for a trim, but I think the market trimmed it enough without my help.
Yes - market in no mood for downgrades. Seems a bit over done, but difficult to say at this point... doesn't sound like the most stable of markets for them!
There was that big plunge mid-April, followed by an ASX please explain in which CDA said there was no issues.
Now, they are saying there have been issues in the African markets for some months.
Not a good look for a stock that had become quite a darling among the Roger Montgomery set (although I am sure Roger will have conveniently sold out prior to this downgrade)
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