Ann: Drilling Update at Cortadera, page-372

Here are some basic principles for playing the stockmarket:

Sell when prices go up to take a profit.
Sell before prices go down to lower risk or get ready to swing trade.
Do not sell after market has crashed as one just liquidates a massive loss.
Buy after market has crashed if company is going to survive.
Don't try to pick bottoms as they are stinky hard to do and just buy incremental on way down and way up.

My prediction of 1.5c has been hit but I'm only buying incrementally. Now that the market has crashed I have reset my big buying zone around the 1.1c mark. I hope to build a big position over the coming months. Dr Copper is cheap and might go cheaper, who knows? Regardless, I'm still confident that the price of copper will rebound after the World stabilises this virus panic, so now is the time to get set IMHO.

The big risk here is management ability. How the Board manage the inevitable funding need over the next month or so will tell me plenty about their ability. If they have to go to market for a 100% CR then they are not good enough to support in a big way. They need to do a farm in or a JV or sell off a percentage of the asset. That type of outcome is what a good management team would do with a discovery like this one.

GLTAH and don't go jumping off window ledgers.

Cheers