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24/08/16
12:34
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Originally posted by ohreally
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exactly, I tried my luck on 1PG and got burnt some time ago trying to average down, so I sat back and waited for the figures before looking to buy again, and those ghastly figures tell me 'do not buy' and 'run for the hills while you can'.
Averaging down is fine if the stock if is still averaging up over the LT, but nothing in the TA or FA tells me to touch this. They need to look at another business venture while they have some cash because the writing is on the wall right now.
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well said.
the problem is that they will just keep paddling up this creek , and not change course.
The business is failed.
So the other thread asked if this could go under?
well, not in the next couple of years, but as cash will just further erode,,eventually yes.
thats not a reason to buy or hold, to watch them piss away the cash.
They must admit defeat, shareholders should call an EGM, and go and buy a junior Gold miner with their cash.