RE: Bewildered18 Feb 2020 21:12
Degsie, the problem for most PI's (me included) is that we have what we believe to be a rational faith in the potential asset value of a company, combined with a conviction that the asset value will be realised sooner or later, driven by world demand. Unfortunately, with AIM companies, I have come to realise that this is absolute folly. 'Valuable' resources in the ground are absolutely worthless for as long as the management lack the skills to capitalise their assets. When corporate performance is as bad as we have experienced here over the years, it is rare to see any recovery in share price without a complete restructuring of the BOD. I can't see that happening anytime soon! I need 93p to break even, I knew I should cut my losses at 1p while it still had some value, I felt even stronger that I should get out at 8.5p as the s.p. drifted and here we are at 5p. Oh how that 5p party was hyped in the REM days!! How on earth did we get from rare earth minerals and evolving technology to pinning our hopes for salvation on bloody iron ore? Grrrrrrr.........
10p by Friday, anyone?