Question for long time Verde (Amazon Mining) shareholdersThe post from Tech1 speaks to a group of investors who bought into the Verde story when it first was transitioning from a gold explorer to a agri tech business. A question to these investors who bought in at significantly higher share prices and have hung on to now.
What is your average cost per share of your holding? Have you considered averaging down your cost, especially in the last couple of years as the story has moved from "potential" to "implementation" and now to ongoing and growing "production". Given your confidence in the story (you paid a higher share price and you have held on through the lean years) and the fact that the story is now coming true, with the current share price below $1 would your conviction not suggest you buy more shares at the "bargin" price today? It would appear that you could significantly reduce your breakeven share price by following this logical strategy.
Interested to hear from other shareholders who are have this shared experience.