RE: RE: take what left before a total loss I threw in the towel today. The PR saying the mine is going to be delayed a year at least was the last straw. Lost 81% of my investment for myself and a couple of relatives. Not pretty.
All the primers for judging a junior resource stock begin with mgmt and location. I fell in love with the deposit, a drilled out project with several million oz of gold and lots of upside in country versus a miniscule market cap. But you gotta have financing to build a mine. The location is the fly in the ointment and is trumping the rest of the positives. Even if they can get the financing, it will be another year plus construction and I don't want to wait that long to find out if this will fly.
Plus I can always come back in a year before or shortly after a successful financing announcement. Good luck to longs. Bobwins