This is a stock that requires patience. Something which daytraders don't appear to have.
To give you another idea, I've found this small snippet:
"Exploration Business
Sadly part of the problem is that many investors do not realize that exploration is not a business. Exploration is an educated guess. Big targets, large drill programs and seasoned jockeys with specific area knowledge help stack the odds in ones favour.
(Company X) has all of these. But investors over the last couple of months unfamiliar with exploration and the fact that patience is indeed a virtue, and totally forgetting why they had bought (Company X) in the first place (to see if the K9 property is as big as it looks), decided to sell shares, gripped by fear as the share price was moving lower.
One does not buy an explorer to await the results of a drill program and then sell before the program has even started because the stock is going down. That is completely nonsensical because in this business model the bet is on a high reward exit strategy directly resulting from success at the project."
source: Resource Investor website
...........
Looking at those words in the context of RSL, do you think perhaps we may be on the right track with Ian Scott? My thoughts are - yes.
Cheers,
Tangrams
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