A bad feeling here8 Mar 2019 14:39
I'm sitting on big losses here having held for a number of years, sold out at a loss then bought back in when the price bounced against every investment principle. I'm still holding and looking at another 5% down the pan today! A lack of any buying from the directors at these levels does not bode well and can only point to the expectation that prices will only go lower IMHO. A £25m cap is not a lot if you believe Secker's numbers for the mine but any potential investors will surely be delighted to see it go lower as they demand a larger slice of equity for less in return for funding even if there is nothing fundamentally wrong. Or is that just a cynical view? A big share issue even with funding will not necessarily see a big recovery. All IMHO of course. I know I should sell but for some reason can't admit that I've been wrong to believe in BCN for all this time despite not being confident of ever getting my money back! How's that for a definition of insanity?