RE:PPInteresting.
Past experience keeps me in. There is value in ZINC and I am a believer.
INV Metals was on an incline in2016 and was recommended by a newsletter as a cash rich company well undervalued to its stock price $.25 cv to $.11 stock price. To me that was a no-brainer and I bought in. The company has as established low cost gold mine and I was waiting to see what will happen. As it turns out the stock price increased above the cv and then suddenly they issued 15 mil shares at $0,20 largely taken by management. The newsletter posted that they thought it was unfair and CSE sketchy so they got out. I was in a plus position so I sold.
After that sale I watched as the stock appreciated to $1 and still around $1 as I type. My lesson, despite not doing a dd on the company (too busy with my own business and life and that's what I pay the newsletter for) was that if the company has a good business and is a low cost producer and they take a PP largely supported by insiders then what I should have seen was that the insiders know something is up and they are lining their pockets. Yes, it was unfair, but I sold for a small profit when it fact I would have done much better.
The other lesson I hold is don't get greedy. I am torn with that one.