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Poor retail plebs like you and I have to buy at .005 to average down (huge mistake IMO). While the instos/Bots/Sophs are able to buy/sell these cross trades that are unavailable to us.
I have learnt from many years of experience in the markets that averaging down in 90% of cases one ends up losing more of their hard earned cash. Companies either go broke/consolidate SOI or find some other nefarious means to dilute small shareholders positions.
I first bought in to this company on the strength of a recommendation of a tipster known as the speculator in a subscription only newsletter provided by Alan Kohler. I was working as a contractor to various mining companies and their support companies in the Pilbara at the time and on very good money, alas no more. Same for Alan's newsletter. I think it was two name changes ago but could be wrong on this. I have learnt one hell of a lot on market trading since those days and still learn something every day.
Please very extensive DYOR especially the directors of HDY before hitting the BUY button. I have averaged down from 3c to 1.3c and could average down further but I refuse to do so. I hold a substantial amount now and HDY is causing my PF to appear RED on a consistent basis.
My sentiment is hold but really it should be "get out if you can" which is to say, if you bought in recently, you could get out relatively cheaply and take a learn from your loss. If you are a long termer like myself, we just have to hold and hope, as it is too late to get out now. The day HDY disappears from my PF, is the day my PF turns green, finally. Cheers
Rick
