Hey tombo, it makes sense but the golden rule is to avoid averaging down, or at least wait until there is a confirmed recovery underway.
The other rule is to always protect your capital, which due to unforeseen circumstances I neglected to do..... so pumping more cash into this thing isn't ideally protecting my existing holdings.
The share price for this has hit all time lows. Anyone selling would only be doing so for tax loss purposes etc. I still see significant value in TCM, but will carefully consider my position before averaging down.
The outlook for this has always been a long term hold. Unfortunately it's been a bit longer than expected but 2015 was my target year to sell.
The market cap doesn't come close to representing fair value, $1.8 million is laughable. It is what it is.
Who knows what kind of deal will be done, let's hope it's a good one.
PZC Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held
