We are dealing with a once-in-a-generation financial market correction, so it is more crucial than ever to enter and exit positions with a cogent strategy in hand.
Nonetheless, I do still have to step back and remind myself of PRE's great interesections, its competent and drum tight management (to whom I have outsourced the stress of managing PRE), and its strategic options in both its pre-existing capital market advisory relationship with Cygnet Capital and its highly prospective Leonora holdings alongside SBM and NAV. I also realise that it can take months in the present high-tempo exploration environment to get comprehensive results back from assay: the 31/01 Quarterly confirmed the provision of database data to Coffey Mining/RSG Global, so I mentally ascribed a wait of 12 weeks or more as per experience with other precious metals explorers in recent years.
I continue to hold from .054 and dollar-cost average in at these levels: my dollars go far, my cost basis is coming down and my high conviction strategy of backing an explorer with out of the ordinary early results is intact. Regards to all.
PRE Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held