Tokyo,Curiously at the time directors only partly took up their...

Tokyo,

Curiously at the time directors only partly took up their options. However as that was at 50 cps, it is probably positive as to value at 33 cps.

I am with Zinc and Dynofish on the water, esp the more they point out they too were blindsided by it.

Although I will hold what I have, also not prepared to buy more until my confidence is restored. I am guessing if and when that happens the sp will also have recovered in which case I will not buy, and will simply be happy to see my loss diminish.

I am reminded I was heavily in HDR as they plummeted on reservoir problems. AED,HDR,AZA all different problems but a reminder of the risks of project execution and the range of skills that must all be gotten right. Could add Bassgas. I am going to miss averaging down further here, and play cautious. Too late for selling out though imho, and I do have a good impression of Beggs.

EL