After the rights issue in 2021, I had 660,000 shares of SCM. During the rally, I managed to sell 160,000 shares at 10-11.5 cents. I wanted to sell some more at 13 cents but did not manage to do so.
The price is about 11-12 cents now so my half a million shares are worth $55-60k. My average cost is around 11 cents per share. I don’t what the price will be in the future but with record oil price, the outlook is positive. Given I do not need the $, I can afford to wait and sell when the price is to my liking. It can be next month, next year or even longer.
Let’s see.
To be continued.