I also made a paper loss of a fortune on this one and since I was not desperate for the cash I had decided that I was going to keep it for a longer term and I am glad to see that there is some form of recovery.
I know Maggie u won't touch it. It was always the case that when u going to sell I was going to buy it. See my post on the 11-08-08. at that stage I declared the damn thing a dog at 550 and u still hold onto it. The time to buy it is now when it goes up not when it goes down.
Do you think we can expect any major price movements until production though? and what are the actual price estimates once they are in full production? Im thinking that it would be quite a waste to start buying now, if production is only years later
You looking at the long term stuff. Obviously if it goes in production the price will get a nice kick upwards. We could be pricing in some kind of a future event which may come in as a buy on rumor and sell on the fact. However I don't see the directors buying anything at the moment. To find out what the effect will be on the price when they eventually go on production u have to do fair bit of homework and I suggest u speak to an analyst.
Quite right, just technically this should move above R2. Happened a few months ago, from roughly the same R1 - R1,10 level. Goes quickly from 1 - 120; 120 - 150; 150 - 180 then up round 210. Just a quickly down aswell, hey maggie?