Amigos,when things look bleak and barren, maybe its time to reflect on our positions in Corazon and any other junior explorers that we have hold. You don't have to listen to these ramblings - I am a self-confessed madman. Rule #1 for me comes from: "Warren Buffett who once said that it is wise for investors to be 'fearful when others are greedy, and greedy when others are fearful'." And rule #2 is another oldie but a goldie: "Warren Buffett once said the 'stockmarket is an efficient mechanism for transferring wealth from the impatient to the patient'." These two general rules are the keys to survival in this cut-throat business, IMO. From experience, I find that whenever I chase the "next best thing", it immediately nose-dives and I'm in the red by a large margin from day one. So I find that it is better to learn about several low cap stocks and slowly build a position in a few of them, if and only if you believe in: a) the company's management, b) its prospects and c) its activities. Just about every current shareholder of Corazon is in deep doodoo. But what I like about the team is that: a) it has built a significant JORC-compliant repource, which acts as an insurance policy during this difficult period; and b) they are still drilling as they try to find that elusive big discovery. The company has about $7 million in cash and will drill at Fraser Lake later this year, drill at the mining centre of Lynn Lake early next year, and drill at Mt Gilmore later this year (once Curly, Moe and Larry have collected rocks and drawn a treasure map). Then there is the quiet sleeper: the Miriam Prospect in WA. The MD, also known as the Fox, has reported that previous drilling during last century recorded about 10 metres at 9% plus other "high tenory grades" (from my failing memory). At the moment we are waiting on the final transfer of the licence for Miriam to Coarzon, thefeafter there should be a flurry of announcements (I hope) - eg a modern geoplysics survey followed by drilling in early 2023. So these are the plans for Corazon's drilling activities, as far as I can decipher from recent announcements. And I haven't had to resort to my crystal ball, yet. Now I'm not suggesting that anyone breaks their piggy bank for Corazon - I think many have done that before (eg last cap raise at 3 cents). However, I'm going to put my money where my mouth is and top up/average down in this bleak time. Good luck all.
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