Its now up 16% from your post on the 17th watchthisrise. So you...

Its now up 16% from your post on the 17th watchthisrise. So you are watching this rise. Hardly the kind of stuff you lose sleep over mind you.

Anybody who chews up their time on hotcopper is not close enough to know what is really going to happen with these stock. You all think you are smarter than the rest, but you are just a bunch of gamblers taking on the house (ie. the insiders) at the casino. The odds are not in your favour. See and respect it for what it is.

Personally I take small set value exposures on explorers and wait patiently rather than jumping at shadows or feeling the need to materalise a loss of a few $k. If it fizzes on grades, resource, AISC etc then take the small loss and walk. Rare exceptions are say nickel explorers cos risk/return is now too high so got out from that space. Don't add to holdings when there are gains. Most runs are short term market sentiment and the true winners will 10x for you in time so don't need to be greedy. Its the $50k+ you make on a LTR, DEG or PLS that you want. Do that every few years and its a good side income.

I like this stock. Its got good grades, a decent size holding in the right place next to a proven production operation and its unnoticed as MEI and co get all the attention. Its quarter the market cap of VMM with over twice the REE land holding, and thats before you consider their copper holdings, which are still their core prospect long term and should hit the market at the right time. Its not a bad management team. They have good experience around Brazil and the REE purchases seem to have been smart buys at the right time and with CU being capital intensive they have been smart to combine the quicker to market REE with it. I firmly believe at some point the gains will come so I will hold my beaten down exposure for now.