There is some truth in your post Duminda ,a quick look at the...

There is some truth in your post Duminda ,a quick look at the nse latest presentation, page 17 gives you a handle on the real situation.

" Western Australian Assets
Early stage, high risk and subject to infrastructure and stakeholder issues •Costs remain disproportionately high relative to other areas due to remoteness, lack of infrastructure, lack of service providers and the time it takes to get all the necessary stakeholder approvals to allow operations to commence •If successful, connection to market is relatively long-term."

Can I suggest (and theres no malice intended in what I'm suggesting),the ignorance of some investors knows no bounds.

"Early stage, high risk and subject to infrastructure and stakeholder issues"



At this end of the market stop losses can be useful,but I dont use them.
I invest in the knowledge that I may need to double down,some times even more so,should I deem it to my advantage and the prize worthy of my hard earned.

Perhaps nse's decision to focus on the American assets was a Canary in the coal mine moment ,for some disaffected SHrs to jump ship.
A cooling plunge in the water of loss,may be better than death by a thousand cuts through dilution.
Its up to each individual to chose their preferred risk management poison.
On a brighter note,I see far having a fair old crack at creating SHr wealth-finally,how much dilution occurred with this stock,I wonder?
As I have said previously,its time in the market as opposed to timing the market.

( no investment advice)

I'm looking forward to some positive news for OBL tomorrow.

Raider