Sold another 4,500 Firestone Diamonds (FDI) at 55p leaving me still holding 13,000 shares.
The shares are up 185% since I bought them but arguably could still double from here based on the potential value of the mine once in production.
However (as I noted on the day) the company’s rather vague announcement on 6th October did little to reassure me that all is 100% on track with the commissioning. They promised a further update week beginning 17th October. Perhaps I was wrong to expect the announcement early in the week but I did so I keep wondering where it is. The fact is, having promised it they will have to put something out tomorrow good or bad, and right now I can’t shake the worry it’s the latter. I have no rational evidence – just a funny feeling that something in the tone of the last announcement wasn’t quite right. In any event I’ve made good money on this stock and I still hold plenty, but I am letting fear rule over greed for now.
Will probably regret it tomorrow.