I respect that you're willing to hold, I guess at the end of the day it depends on your risk profile as an investor and how well you can manage risk to make money in this end of the market. From the perspective of taking the offer, I look at as the perfect time to exit PGO with a small profit on my a largest holding to date, which until recent developments I was prepared to further increase. I did back management within the company and if Coolgardie eventually got off the ground by securing a nearby toll treatment agreement with the share price at 5 cents it was a screaming buy, as Mt Bundy was hardly priced into the equation.
RED 5 will be my next option in this end of the market, while also holding long positions in GOR and GCY.
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