I bought in on STA at a lot higher price than current sp, but definitely buying more at these prices, and will buy more if it continues to fall. I think this is a classic over reaction to to operational failures. They will get fixed ! Maybe not today, maybe not tomorrow but eventually the bugs will be ironed out. The resource hasn't changed and the commodity price has a strong upside, so all the fundamentals are still in place. Bit like when you see a prospector and their drill breaks down, sp gets hammered, then when rig is fixed and drilling, sp goes back up. So if you are a long term investor I think this will do well. But I don't think it will do well short term as ANY bit of delay in the next 3 months and sp will get smashed. But that will just present more buying opportunities.
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I bought in on STA at a lot higher price than current sp, but...
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