I bought more at 14c, having free carried previously in the rise...

I bought more at 14c, having free carried previously in the rise to 60c.
But now having almost halved that new equity, the other free component brings my average to 7c.

When you think something is cheap at 14c, 7m mc. Surely there would be speculators to price in a chance of our neighbors success ? thats what i thought anyway. Now eroded in the death of speculators.
Goes to show, even the buyer today at 8 whatever, can still lose half his money, to 4c if the market is just absent of buyers willing to bet on appetite. If Appetite is absent. Also the market has bears frozen in their caves. The odd seller being tossed into the fire to pay the bills.

Now the then buyer at say 4c? can lose to a buyer at 2c also. Or make an absolute killing if sector reversal, or discovery occurs before CR. At what price point does the entire registry, just freeze its vault doors ?

Perhaps management are just trying to wait out the freeze, to further activity into a rising reversal of the commodity slump. Why try to start a fire with wet wood. Spend your money, and then run out of it. No-one will reward the slightest rock chip success, because the registry is full of those desperate to escape the sector, and would be crushed again.