My advice would be to hang in as you are and hope that the...

My advice would be to hang in as you are and hope that the subsequent drilling comes up to the company's expectations.in the current hostile mining climate you may have to accept loses but just grin and learn from it.It's unlikely your 21c shares(which currently would imply a market cap. of about 160m $ are likely to recover to that sort of value) however I wouldn't attempt to average down that is asking for potentially more trouble !if its any consolation KGD had an IPO of 1.80$,had a rights issue at 40c and are now down to 14c all that in a time frame of less than 3 years! KGD has a stated resource of about 2million oz. ,slightly lower grades than IDC but in a less severe environment .it is also in PNG .KGD has a current market cap. of less than 20% of IDC.I suggest that you probably overpaid for your shares initially and have now got caught in a weak gold market coupled with a cap. raising problem for the embryo miners everywhere.ALSO don't assume analysts get it right ,their recent records are pretty ordinary. also don't assume gold couldn't fall 'cos it could.I doubt that lenders assume a gold price of more than 1350$per oz. When the gold price isn't set in stone its that more difficult to make plans. You can't expect to escape from this investment without losing a bit of cash but try not to worry about it .Its an experience after all Cheers!