commodities going berzek, page-33

I didn't buy in early...I bought in during prehistory.

Back then (2012) the action was all about the Big Wilson strike and the first go at getting Riley Creek DSO off the ground. For those who weren't here (like Navarone), the first attempt at Riley Creek was scuppered by two vexatious litigations brought against the Federal Environment Minister...one was a pure technicality that was addressed immediately (a particular fact sheet hadn't been attached to the Minister's briefing package before he made his approval) and the second was dismissed by the Courts.

Unfortunately, in the time it took to work through these cases, both the tin and iron ore prices declined to uneconomic levels, and with it went the share price. These two cases were perfect examples of so-called "lawfare"...the deliberate tactic employed by the BFF to hold up mines in court until the price cycle deteriorates or the company gives up and mines elsewhere. Btw, this tactic was openly admitted in documents published by "conservation" groups, documents which instructed adherents on how to impede mines using this tactic. It is one of the reasons why LNP governments (both State and Federal) have attempted to pass legislation that prevents the courts being abused in this manner.

In any case, the principle of buying early and holding is not in any way contradicted by an exception to the rule...no more so than the oft-reported cases of centenarians who smoke contradicts the fact that smoking is a bad idea.

Selling out of a company and crystallising a loss is ok, so long as you can shift that capital into other investments that have equal or greater upside. IMO, at 3.9c, I don't know of many other companies that look as good as VMS with IO and tin on the rise and Chalice sniffing around.