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clock Created with Sketch. 03/05/23
09:09
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Originally posted by Bearman:
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I got out mostly when the bad news started, but it was still near 50 cents. I was adding into the upward, which generally makes more sense than topping up a loser. I got out because I have owned heaps of other gold stocks (good, bad and ugly) that have taught me to get out when things start going badly, especially for an early stage producer. I dont have any insights that are worth sharing, apart from, when the narrative changes consider your position. The narrative changing followed by a heavy share price fall is not always a buying opportunity, nor is it a bankruptcy candidate. Therein is the paradox of investing, where we have to discern our best way forward.
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Well said, I generally trade up to first gold pour then exit until the company either until it irons out production issues or become a insolvent. Sold my last lot of shares at a loss (not large) because the writing was in the wall.
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