If it can happen, it will happen.....12 Aug 2021 13:06
In several previous investments I have found that at some point, pre-discovery or confirmation of resources, something will happen to slow progress and the price will drop. It can be caused by one of many reasons, as we have just seen, a broken drill, a collapsing drill-hole and an inability to test the pay layers, and obviously MM’s diving for stop-losses. What I have learnt over many years investing on AIM is that S**t will happen at some time, and you need to be prepared for it as well as also being prepared to accept that it is all just part of the process. If you have faith/belief in your original reason for investing then just accept the hiccup and if possible take advantage of it, before you move on.
A couple of weeks ago I raised my average from mid 13’s to mid 16’s for these shares by topping up, and yesterday I similarly helped myself to quite a few more and in the process reduced my average again to the mid 14’s :) which I didn’t expect to be able to, but hey…..woohoo! We now move on!