I feel for people that take a loss. Every person who ever trades...

I feel for people that take a loss. Every person who ever trades makes a loss at some point. In fact making a loss is factored into most peoples trading approach. The important thing is a lesson is taken at least. The correct one though.

Social media and forums should only be used as info and not guidence. We should always back our decisions with facts and data as best we can. We may still fail but at least we tried to put some science behind it.

Truth is we shouldnt of been in the 40's back then. We had less project fundementals but we did have a short burst of macro enthusiasm and a cheer squad. I've been a very long time holder/lurker and have seen the cheer sqaud do the same thing in several other small caps. There's a lesson there.

In terms if fundementals they are very simple and have actually improved since then for me:

- macro wave building
- project in politically stable country encouraging new business
- JV with leading technical expert
- ponds in place for up to 2K5 PA production
- industrial pilot plant built that can produce 500 TPA
- process proven and economical
- NPV that shows profitable 10KT PA project
- future tenements / technologies being ticked

The outstanding task is to find partners and this should be recognised as the largest/hardest/longest activity. It was always going to be.

So for me it's a matter of patience but I do understand the frustrations if people who missread the project or who where misslead into lofter faster goals.

GL to all whether you're still with us or not.

IMHO DYOR

From phone.