It has held a position in many projects for the last few years...

It has held a position in many projects for the last few years now, to date none of them have proven to be the gravy. I held a fair number of shares and sold them at 12 cents, no regrets and moved on, done well too. Pts may be lucky with one of its joint ventures and certainly has improved its financial position somewhat, but why the sudden breakneck race to buy in? Alright so the speculator spruiked it up, does that mean that all these buyers do not do their own research? In that case maybe it is a company to avoid? I do not mean to rain on the shareholders parade and wish you all the very best of fortune, but just maybe it is time to take the profit?
My opinion only and feel free to discount it as my wife does :)
Be lucky!