Get real!29 Apr 2017 12:31
All you people moaning about losing money and blaming the company. Don't you have an active investment strategy? Don't you understand about stop losses? What about averaging down? My first investment was at the equivalent of £5.50. I now have an average below 80...
Any new mine takes YEARS to come on stream. During that period there have to be constant fundraises, just to pay the admin costs, let alone drilling and development. AIM is the worst place to raise funds.
Just look at the rice curves for scores of AIM mining stocks...a long deep L shape stretching out to the right...
You are all responsible for your own investment decisions. You all could have sold but decided to hang on. You all read the most positive interpretations into RNSs years before the company could mine a single lb of copper. Meanwhile, of course, you've sat through a dreadful copper market.
So get real.
Every day I look at each stock in my portfolio and ask myself "would I buy this stock?" If I would, then I hold or add more. If not I have to decide whether to sell or hang on. I have made significant losses in one or two stocks.
HAA was never going to make a commercial success of this mine, even though he is doing OK with KEFI.
Trafigura brought in Alberto, who has transformed the prospects, saving $100m on Capital costs alone. That's 75 pence a share on the NPV...!
We are producing at full capacity; the copper price has risen almost 40% off the floor. The SP has doubled from the bottom...the outlook for copper and therefore ATYM is excellent...
And still you're moaning and blaming the company for your own poor judgement. Until you can realise that, how will you ever make money in shares other than by luck or relying on other people's tips...
Sorry to be so direct, but I am fed up with the constant moaning about what is an excellent company, with superb leadership and outstanding prospects...
AIMHO as usual....