I've been in and out of Hawsons Iron Ltd when they were still Carpentaria Resources, always taking small profits and never making a loss. When things started to look more promising, I took a bigger chunk around 49 cents and sold out again at 57 cents.
"No one ever went broke taking profits" is good advice except when it's not - and it wasn't in the case of Hawsons Iron which then went to an intraday high of $1.08 within days. That extra 51 cents multiplied by ... well, I won't bore you with the details but it would've been a whopper!
Morningstar's research has now put a fair value of $1.13 on the Hawsons Iron Project which is located approximately 60km south-west of Broken Hill and is the world's biggest undeveloped high-quality iron ore project.
I am holding a big chunk and this time I'm hanging on for the ride!
