People may think that they have the comfort of time to hold...

People may think that they have the comfort of time to hold speckies when sentient is poor and admission that mining boom is over but if a speckie is not generating cash where do you think successive capital injection comes from? There are fix cost of which management salaries are questionable if they have been warming a seat for a long time with nothing but the smoke screen of potentials to keep dangling that proverbial carrot.

A quick dirty measure of success if management has been around "managing" a speckie is the number of shares on issues. If it keeps expanding and the SP keeps shrinking what does that tells you about dilution? For every hundred such speckies you find a gem like SFR or SIR but that keeps tempting rosy tints back for another lotto moment.