Ann: Quarterly Reports - September 2019, page-17

It's fine to throw in the towel on a gold miner. It is your money after all. At this point however you will be wondering, if your investment style might be the issue when applied to the gold sector?

The fact of the matter is GOR is not any different from the rest of the young miners out there she will shed -50% if you are not careful. Even the best of them NST & EVN have done so many times in its lifetime..that is why you never ever go in 100%. Leave some $$ in the kitty for exactly this kind of eventuality because it is guaranteed to happen. Let's look at the best in class of the ASX goldies as an example.

Nov 2012 to Jun 2013 $1.585 to $0.53 -65.56%
Aug 2014 to Nov 2014 $1.91 to $0.915 -52.09%
Jul 2016 to Dec 2016 $5.89 to $2.965 -49.66%




Now do you really think that GOR is any different from NST's price action when it started to get traction late 2012? No matter how strong the fundamentals are (and it is very strong with GOR) the technicals will not always follow. That is true with any investment and not just gold miners.

I will be honest with you, when I first invested in the gold miners a couple of decades ago. I felt all the frustration most are experiencing now. The only difference perhaps, is it was with Normandy and Newcrest. I wish someone said the words below to a young gold investor and not have to find these things for himself over the years...

1. Don't ever go 100% of your planned investment on a gold miner. If you plan to put say 10k then buy 5k only and let it sit there. The worst that can happen is if that 5k goes down to 2.5k. At which point you will need to buy the rest with that 5k you patiently stashed away.
2. Do not buy a gold miner that you think will not be around 10 years from now...LOM is your friend.
3. Hold long. Now this one is easier said than done but it does get easier after holding a quality gold miner continuously after 3+ years...because hopefully by then you are well away from your purchase price that a 50% downturn won't increase your heart rate one bit let alone a <1% day like today.