RE: I’m out....1 Aug 2018 17:33
Nice way of rationalizing it. You're right of course. Best of luck, napkin.
It doesn't always work, but I always try and hedge if I can and with ALO/CRA I paired it with GGP, which I got in at 0.16 in late 2016. Due to GGPs rise, I had just about broken even with ALO/CRA's losses. Ironically, I did buy some more CRA when they relisted to average down, then sold half of my holding and put it into SSX. I'm down 25% at today's SP of CRA.
Alo had great prospects, but it just wasn't to be. If CRA can up production while keeping a lid on costs and everyone happy, then a significant rise from this low is still possible, depending on world events and the copper price of course. Still some way to go yet though. We live in hope. I'll stick with them, but I've only got a fraction of the shares I once had.