Ann: Response to ASX Query Letter, page-148

Sorry, I should embellish that last post and forgive me if this sounds patronising but you might need to think about trading strategies. Given the small number of posts I could assume that you're a bit of a novice.

I just saw a slightly useful link that was just retweeted: https://www.farnamstreetblog.com/2017/08/amateurs-professionals/

One or two useful ones there:-
- Amateurs think in absolutes. Professionals think in probabilities.
- Amateurs think reality is what they see. Professionals know reality is what's true.

....but one of the first rules is to leave your emotions at the door.

Spec stock trading strategies isn't really something that's easy to 'google'. For me it's all about fundamental analysis (FA) (https://www.thestreet.com/story/10362279/1/getting-started-fundamental-analysis.html) and risk vs. reward.

Fundamental analysis comes from reading the ASX announcements, not Hot Copper. Of course I use Hot Copper to learn from people that know more about something than I do, being careful to sort the wheat from the chaff (e.g. tech stocks for me), to get a feel for the investor sentiment and to contribute.

For me, the risks with BBX are tiny compared to the rewards. You obviously think that the risks are too great and that's your position. I'm convinced (and this is just my opinion) that they are onto something huge. The grades are super high grade and the gabbros that host the mineralisation are kilometres long.

Good luck with whatever you do but be sure to leave your emotions out of it. Cheers.