I should not be looking over the LYC posts. I lost more than...

I should not be looking over the LYC posts. I lost more than most. I live with the echo in my ears "Fools are easily parted with their money". I had blind faith that the price of rare earths would not collapse. I knew about risk assessment and in hind sight I should have asked what were the chances of the basket price collapsing to the price of production and what would be the consequences.

So why did Nick Curtis not ask those questions? Why did he borrow money rather than raise capital by selling shares when the basket price was inflated. The price of all raw materials comes back to near the cost of production and only the most efficient producers survive.

I'm just a mug punter that lost a comfortable retirement. But Nick Curtis is a professional and yet he made exactly the same mistakes. He did not do an adequate risk assessment and did not mitigate the risk.

So why is he still there receiving a salary ???