Accumulate, page-55

@Stormynormy, I know the feeling, mate. But this is the spec end of the market and it can be brutal on your emotions if you let it. There are no guarantees, not in terms of capital gains or timelines. I agree, the silence from this mob is deafening,. Only keep in mind that overall the emerging market has taken a dive of late and the price of gold is real volatile of late. Plenty of other specs are dropping good announcements with little or no impact on share price, sometimes even being sold off.

In being totally frank with you, mate, I've held this stock for over a year, so at one point it was worth triple my average entry price, yet I didn't sell. Of course that can play on emotions if you let it – hell, it did a number of laps upstairs before I reminded myself why I invested and why I didn't sell. I'm still here because I still believe in the fundamentals of this company for reasons listed in my earlier post, and I believe that in time the share price will reflect the quality of projects.

Have a look at a bunch of spec stocks that have gone on to "bag" or "multi-bag" and sustain the capital growth. I guarantee you there have been highs and lows and that it hasn't happened over the short-term, more often than not taking years.

In no way is this a ramp, it is simply my opinion based on my own personal research. What I am trying to illustrate is that this is a high-stakes area to invest in and if you are getting emotionally rattled, perhaps it's not for you. (I've questioned this myself before, so in no way is this a shot at ya, mate, I view it as a healthy exercise in reviewing your investment strategy and decisions.)

If you don't believe in the fundamentals of the company, then you shouldn't be investing in it (unless it's a technical day- or short-term trade). Otherwise you will end up in this position, where you grow frustrated and may be faced with selling at a significant loss.

Good time for review, mate.

Respectfully,

– Alby