Hi Baron
Exactly...
Few months ago we had 2 major actions and we could "dream" is one failure we have another.
Now, (to my surprise) we don't have even Brazil with proven commercial grades to justify and we still depend of more investment in drill to discover (yes or no)...
The main problem in my view is.... If this drill come with water... and like Ya wrote, will be considered a dust, we are zero !!! This is seriously risk to our share.... I don't think anybody will give too much value to a co with Carnavon and Peru even with 600m ,mainly thinking..they will spent all that money to again risk discovery and nothing in their hands..
I always disclose my actions and I decided to cut half my shares in Kar until see the result... Yes,I can loose a very important step "up" (and I need considering my huge accumulate losses) but exactly because of that, I can't bear a new important losses...
At that stage (at least to me) as much safe I play better chances to one day recover...
Cato
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1 | 5000 | 1.475 |
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