IXR 6.25% 0.8¢ ionic rare earths limited

I am 53% down and I have to say, as a fairly novice investor it...

  1. 396 Posts.
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    I am 53% down and I have to say, as a fairly novice investor it has/is starting to concern. To be honest, if I was 68% down I would be flipping my lid.
    However, I also still believe that the company has a valid and sound business plan that will hopefully pay dividends into the future with solid SP growth, and as such, I bought some more today!
    Maybe I am a bit silly, but I suppose you have to risk it for the biscuit sometimes. Also, a few of my other shares are in the shitter too so it is not solely an IXR problem.

    Also, when IXR bought into Seren, they paid for that with a whole heap of shares. I vaguely recall there might have been a caveat of a period they could not sell them. Would/could this sell down be something like that time period has expired and some people want to be paid????
 
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