If the business you invested in has the capital to ride it out, has an in demand resources and quality management the company will be fine. Sometimes you are better off standing pat and not looking at the market.
How many people I wonder sold out of FMG due to all the bad press? Myself for one.
Lesson learned.
Last August FMG dropped from $40 to under $25 ie $2.50 in todays money after the share split, it then ran from $2.50 to $13 in May with numerous pullbacks along the way.
See where I'm coming from.
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HARANGA RESOURCES LIMITED.
Peter Batten, MD
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