Ann: Becoming a substantial holder, page-18

Matt, simple psychology will explain why catty can so confidently cheer this from 50c+ to the present state of woe, and that is man’s nearly obsessive desire to be consistent with what we have already done.
Research on gambling shows that a person is much more confident of a horse they have backed once they have laid a bet for this very same reason, for as to think otherwise would be inconsistent with their previous hypothesis. A persons whose beliefs words and deeds don’t match could be seen as indecisive, confused or two faced.
Tangentially, the same applies to yourself, where you have been putting this stock down so long, that even when good news is announced, you will look anywhere to put a negative spin on it. To do otherwise would make you seem weak.
At the moment, you and lollies have been right for a long time, by virtue of a number of reasons, but to my reasoning, mostly because of the dilutionary disaster that is Mothae.
But coming up there may an opportunity, particularly if the obvious kimberlite sites come good. Could you resist the desire to remain consistent if this were the case.