I’m an investor and I make some trading mistakes....... I get nervous too early…even on stocks in which I have high conviction. Sometimes I skim press releases I should really read in-depth. Multi-tasking during research is not a good idea............
It happens to all of us at different points in our investing lives.
When we don’t do enough left brain analytical work, our right brain emotions can take over, and we become swayed by headlines and BB and make irrational decisions sometimes but thats life just make more good decisions than bad one's lol...............
Guys I've seen this a million times where losses are incurred and holding for many years seems like the only option. It's the best option by far... Try buying more shares to bring your average down.
I have studied this company and others such as vgm, Lgo, ukog, trp and these including ore are way undervalued. Success is on the horizon. I say this because a company with such assets does not reflect current share price... Ok ore is making a loss in the accounts year on year but this is gradually reducing due to lower costs... This is showing an upward trend... The fact that gold prices are going up further strengthens this stock but people just don't know this yet. Orogen need to start updating us week on week whereas the current announcement period is weak.
Concluding... This share price WILL go up.
Tip: look at the regions which ore have licenses for and then look at the land rich minerals within this region... Then using scales of probability asses the chance of finding high grade gold or even copper.
Have not sold a single share, been in for years. Sitting on a huge paper loss, but only a loss if I sell. So onwards and upwards because if it goes any further south there will not be anything left to worry about...lol
I'm also in since the MVC days, average is 0.89p. It has, and continues to be a shocker. All I can say is that this is near rock bottom, so we should see a turnaround in our fortunes if we continue to hold. Providing of course Mutsk is decent and we don't have to hock our grannys to get the drills turning. Disappointed at the Deli Jovan situation, the subject of four year's work now put on hold. A very poor display.
Anyway gents, best of luck, let's see what happens from here.
Hi Colin...greetings fellow mvc investor who has ended up with this ore situation. Much as I would like to, I find it hard to disagree with your sentiment. At least it's Friday. I guess this has to be near written off. I'm currently around 90% down. Losing the final 10% would hurt but no option but to hold now. GL
I have also held this share since the 1p days and stand to lose a considerable sum. I think they will run out of money and if the share price drops much lower they won't even have the option of further dilution.
I bought into this a few years ago at an average of around 1p. It pains me to see it not move day after day, week after week. The only movement being a slow steady decline to almost zero. We all know investments can go up aswell as down but over 90% drop? I wonder how long, if ever, this will even reach anything close to even 1p?
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.