Besides patience, another trait to defeat in trading penny...

Besides patience, another trait to defeat in trading penny stocks is the dread of uncertainty. IMO, the level of uncertainty with DHR have increased exponentially... The big question is, could the management have done better to lessen the impact to the SP? 

YES to the factors of:

1. IMO they should have not stopped the run early this year with that deliberate TH just to answer the "please explain request" from ASX, most of the companies don't need a TH to do this. This may likely to be related with the plan CRs this year, BUT has really stained the corporate intention of the company. Why? Because no SH (in particular day traders) would want a SP drop just for the sake of CR's success... To add to the conundrum, Lithium sentiment went 180 degrees from this point.

2. A BIG YES, to the leaky results for Las Tapias. Whats worst is that, no freakin single explanation or apology OR at least an investigation in try to prevent another occurrence... Well if they did that, then certainly they have admitted there is a leak... BUT the market already has reacted and the only thing they could have done is to preserve the management's integrity!

Then my NO to the following:

1. Negative Global Lithium Sentiment. 

2. LKO Judgement. I hope they are really having a mitigation plan over this strategy...

I still got a little bit of trust left with management tbh... BUT i think that most of us say that just because we don't want to execute that 40-50% paper loss. I am a long term bull with Lithium and if the SP will take 5 years to hit 2c+ again... Then so be it. That's the beauty and the beast of penny stocks anyway. 

Goodluck to all.