If it makes you feel any better, the whole spec end of the market has been hammered by global events (Trump hasn't helped; having an oafish school boy with a sling-shot in his back pocket, masquerading as the President of The United States, isn't exactly a steady hand on the tiller).
Investors are crapping on anything that isn't perfect and fund managers are sitting on roughly 60% cash rather than having it in equities.
Others say this is the correction we had to have, as share prices had climbed well into overbought territory.
LCK hasn't had a dream run, what with 6 months delay getting SA Govt to tick all the boxes, meant that the re-rating announcements have been pushed back from a macro market where any news was jumped on, into a macro market that is running for cover. And the coal not firing-up overnight - has just taken the edge off what could have been a stellar investment.
Oh, and the Sherwood thing happened.
Really, nothing substantial has gone wrong - same coal, same concept, just a run of bad luck.
IMO
DYOR
