I guess he was and got burnt so run away with red, which totally understandable.
Nevertheless, apart from trapping the retailers for next FY, I actually think the management did a reasonable job by exiting the Red Valley quick and firm after the drilling turns out a burst, which is, not unusual in exploration. If you weren't ready for the risk then don't put your money into these spec stocks, go A2M, look at how their price shoot to the moon
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