richard@imutual wrote: ↑
Thu Jul 09, 2020 8:46 am
Words like "hope" and "feeling" worry me.
This is all brokers do though isn't it - they don't use those words explicitly, favouring just giving terms such as overweight, buy, target etc... Essentially though hope and feeling is all they are expressing because they don't know what will happen, even having looked at the data on hand, as nobody has a crystal ball but would they would like their guidance to be right.
Additionally - I'm not just looking at the list of our investments and saying "this one is doing the best let's chuck all the money in that one". Yes, gold is flavour of the month just like bluechips aren't. However, I am looking at potential for us to make gains, as that is what we should be about, especially in the case of being able to turn around the losses those bluechips have made. The background information, peer discussions, financial backing, location of the mine, grades discovered through drilling and comparative share price suggest PGM has plenty of fuel in the tank to make considerable gain multiples. This isn't to say it will but the data suggests it could be the case, hence why the price has been jumping in big percentages. The price may fallback a little, as I mentioned earlier in the thread, which wouldn't be surprising as some will be inclinded to take the profit now and leave. However, this isn't unusual and I wouldn't personally risk selling the current holding in case it jumps again and we couldn't get back in. However, that presents a buying opportunity for us.
I'm open to suggestions, but I would want us to have a set-out plan for selling and reinvesting the bluechip funds into something that has excellent potential in the short term. There would be little point in selling the bluechips and putting the money into a share that might not do anything for months on end. The chances are the bluechips might gain as much as that share in the meantime as the world comes out of covid-19 issues.