Averaging down works great until you get a few wrong and wipe...

Averaging down works great until you get a few wrong and wipe yourself out. Paul Tudor Jones - "Losers average losers"

fwiw I don't actually have a view on this company other than a technical one, I did have a bearish view on the sector of course, but that was plainly obvious to anyone who's seen a few of these sector moves overtime. I'm just not interested in the sector at the moment it's not showing any signs of life in my opinion, it could be years before this sector reignites if it ever does, there there'll be many people trapped from the China boom years in stocks that never recovered. Remember uranium was the hot thing once upon a Time and people paid I think $9 a share for Paladin, the current share price equivalent is still under a dollar, that's if there was no other consolidation which I'm not certain of. They weren't actually wrong on uranium. It's been used all across the world, it just never reignited into a real bull market again, maybe it's going back into a bull market now, but even then I doubt those $9 PDN buyers will ever see their money back

good luck though, I hope it works out for you