@mrcarter - Averaging down can definitely be a dangerous proposition…. (I Know!)
I averaged down in Buru over a few years, still holding to this day, and the price keeps slipping, the company has not done what it said, in the time frames it set! so down she goes, lack of confidence, lack of revenue etc, trending south still, but it might turn around one day???
Saying that, I'm a lot more confident in GXY, its financial position, management and industry upside
I may add to my GXY position, just to round up my holdings, but not yet n waiting for the signal?
Lets just see how the 50c level goes first, eh!
Only you know your risk n Fin position - DYOR Jack
GXY Price at posting:
52.8¢ Sentiment: Hold Disclosure: Held