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Yes - I have a similar approach. Have a similar amount invested. Of course if I lose it all I'd be annoyed just like anyone else would.
If they do get stage II financing of course the SP will rise. But at that point it becomes more investable and a safer bet. Its a bit like waiting for the government approval of the project a few years ago. I waited for the decision before committing.
a4007035 - thanks for your reply. I know what you mean about a speculative punt and weighing up risks v potential rewards - I'm driving myself to distraction more than ever before doing it! I only have about 5k invested, so it's not like it's my pension or anything like that. The plan has always been to try and raise enough money to pay off my mortgage earlier (which currently has 15 years left on it). One minute I read an article which suggests a top up might be a good idea, the next I read something which suggests this could be the worst thing ever. I'll continue to monitor this board, do some reading and have a think about it. At best I think I'll hold, I'm definitely not selling yet. If I lose the lot I'll be really really cheesed off, but I knew that might be a possibility as soon as I made my first investment.
All talk of a £1 party seems like a lifetime ago!
A4000... No more a gamble than it was when people first invested in a company with it having no planning permission and just a resource though.
When I first invested in SXX, like any other company there were risks: project risks, commodity pricing, regulatory, overspending, etc. But like most people on here I weighed up the risks vs reward and based the amount of investment on this and my personal circumstances.
Now, SXX is faced with uncertainty. Will SXX get stage II financing or not? I can't answer that question. I don't think anyone can. That makes it a gamble.
So I couldn't make a strong case for making an investment here. Maybe perhaps a speculative punt but that's far as I would go.
Is anyone here considering buying more? I was on holiday last week and had a bit of a shock when I saw the latest share price! I only have a small amount invested and I've always stuck to my rule of only investing what I can afford to lose. I'm in this for the very long term (or at least that's the plan). My average is around 22p, and I could buy £100 worth today (yes I really did say £100). Obviously that would bring my average down, but is it worth the risk?