Disallowed - Barrick takes strategic stake and farms in $10M USD, page-351

it all depends on risk tolerance really and what sector of the market you're operating in.

Free carrying is something I do often on specs but don't plan to do here, simply because of the background research I've done into the geology and what I feel this company is worth.

Averaging down (the practice of buying to lower your average price) is something I never condone on spec stocks, however can be useful if you're talking about a diversified ETF or index, averaging your buy over a long period of time in those 2 categories has shown to be a smart investment if you don't need to withdraw the cash at a bad time.

I actually averaged up on this stock, and still feel that was the right path for me. Normally not something I would do but I only had a certain amount of free cash at the time, so as more became available I bought, unfortunately at higher prices than my original purchase.

It's a situational balance that you only feel comfortable with after a while in the market.