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goggledog

6,779 Posts.

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14/09/16

19:16

Post #: 19157150
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Originally posted by ryobal ↑

Yep I think rationalisation still happening with producers closing down and reducing output.. It was only 2012 when downturn started and usually takes 7 years.. But this one is different and more significant impact.

Still - if you can find the juniors who have real projects can pick up bargains... I started buying IKW on the downturn owes me a lot I'll admit but companies like this will make u more if you get your timing right...

Especially ones that can be cash producing inside a few months!!

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I held a LOT of RES shares between 2008 - 2014. Ended up losing a 6 figure sum. Many lessons learnt. The old saying used to be "Time in the market" but nowadays I'd say "Timing the market" is more important as you so rightly point out.

P.S. I don't think RES have any debt??
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