Don't shoot the Messenger.19 Apr 2020 22:32
although I feel you are going to.
Back in 2000 I invested into penny shares big time. It wasn't my money i was skint it was an arranged £10,000 loan.
I turned my 10 into 30 and with another hastily arranged £10,000 loan turned my total borrowed 20 to over £80,000.
As everyone on this board knows (or should do) the bubble burst.
I lost the lot and ended up with the loan which I could ill afford.
I vowed I would never deal in shares again and that has lasted 20 years but now I'm back and already feel myself making the same mistakes.
Ok why am I sharing this story?
I am because i can see the same is happening here on this board that happened to me all those years ago. I read some of these posts with despair and sit on my hands and say nothing and know I'm not alone.
The best one has got to be the guy who's brothers friend (or is it friends brother?) drives a truck actually in the mine.
Believe it or not I have actually bought into this share also but I can now as an older guy genuinely afford to lose what I have gambled but I just know there are people here who can't.
Look at the share price it has doubled in the last month. IMO the news is already in the share price so at least take some of your profit. I wish someone had said that to me 20 years ago. If you can genuinely afford to lose a fair chunk then fine leave it in.
Finally this is not my saying but it is so so true.
90% of investors lose 90% of their money in 90 days.
Don't let that be you.