That's all you can do in this market. I am now on credit cards to eat due to propping up options on other stock. Selling is a personal decision, but the loss is not realised until you press the 'trade' button. Here's to a recovery this pm or soon. Best of luck all.
I wouldn't be in the next time the markets tanked and took everything with it, well here I am, in and in deep closing in on capitulation point within my leveraged accounts meaning a large hit and honest re-evaluation of what it'll take to get out of these markets at break even let alone BMR. Sure I can sit on my shares and wait it out but everywhere I look with my investments all on the verge of getting funding ect... same story in each share. Is this funding really forthcoming, these markets seem very risk averse still.
Yes, what I've just written is not a lot different to what a gambling addicts mentality would say to them, chasing losses in the hope of getting even.
AIM the place where long term investors come to bury money and hope it one day comes back to life!
Appreciate your post and for allaying some fears and qualifying the rumours that are abound right now. Still, these are very worrying times for us all. If further approval for a processing variation is required, then it needs to be granted fast. Is there light at the end of the tunnel, coz its looking mighty bleak here at the minute and across the markets in general. Where is the support here....woody was right with his TA :(
Shwmae, nobody knows for sure if zema will be involved again. 2 things from the last RNS - 1. leaching process for WPS stage 2 and LPT is still in development (is it covered by the approval? it is just mentioned as leaching with no detail, no schematics etc) 2. copper production is to be greatly expanded. (great but timing poor as we have just got approval for our small plant, if it is just a scaled-up version should be OK, different processes might not) Good thing is we have approval and consent which is symbolic as well as legal. Any variations could be done as an addendum and done quickly. All the against the backdrop of not really knowing what's going on and with who. All spy novel stuff, but it is not impressing anyone. I hope MA doesn't turn out to be "The Man who Never Was"
Hi Shwmae, thanks for the commiserations! Luckily I sold the other half of that holding for £2k a few months back, too painful to contemplate really!
I think the problem we have here is the speculation around what may happen. Some were saying we didn't have this, that or the other, think NKC posted up an extract from an RNS that clarified we actually did. Who knows, certainly not me. Having said that, I always try and take a stand back position when we're riding low.
Ultimately, if we had to sell our interests here (mean the mine & everything that goes with it), would it be worth more or less than the current market cap? My honest view is a fair bit more, so while unhappy with where we sit, happy with the backstop position and potential upside.
Just reading back last nights posts. Flipping nora, that's one big hit you took there mate on BEM. Must of been a difficult decision for you to make....does Mrs Chimes know? Just goes to show the consequences of this "misery pit" called Aim. Really hope you will recoup most, if not all of that loss here. Seems to be lots of rumours flying about concerning a re-visit to Zema for approval regarding an aspect of the production process....don't think I can take another 10 months of waiting on the outcome of that. Lets hope it is rumours, but if that is the reality, lets hope there is a fast track option that can be utilised!! Cheers Chime
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