Yes in regards to AUG - I warned people when it was above 30c...

Yes in regards to AUG - I warned people when it was above 30c you're about to get owned. That's because Gascoyne was the hot trader play thing for a while just like west Arunta was a month ago. In my view none of these spec explorers are just blindly LT plays unless you have money to burn. You should look at the risk/reward the specific stock is giving you at the specific time. If we use AUG for example, when everyone loved it at 30c, the risk/reward was disgusting. Now that it's hated and at cash backing the risk/reward is beautiful.