Ann: S2 Resources 2017 AGM Presentation, page-22

Mate, an amazing story you told there - most players take some losses early on. And incredibly even the old hands make a simple silly mistake after being on winners for years. They forget that the trend is their friend - and all markets have macro trends where eg materials are strong for years then they just turn down.
We are fortunate in being on an up trend in mining and materials - I always check the index on Saturday - so hope I'm right tomorrow. IMO it will go for many months/years - but it will turn down again.

There was a joker in New York in the 30's who said "there is a time to go long, a time to go short, and a time to go fishing" Forget his name, in one of my library of trading books - and I forget where they are too LOL. What he meant was 'trend is up - trend is down - don't know'

Hope the news is good - Nevada is my choice, but VMS will do.