RE: HVAN Yep, I agree with what you are saying here. I defended HVAN and was labelled either a fellow basher or an alter-ego of him. Then I was told kindly that there was no way we were right, and was also told that I could achieve 100% sustainable returns in my portfolio by picking "good companies" like AXI (yes, this is what someone actually told me).
Message to AXI shareholders: sell your shares and place your money in companies that have viable management and properties. From the start, my message was clear: Why would you ever invest in this management? Bet on the jockey, not the horse.
There are companies out there in this market that have been beaten down for no reason and are screaming buys right now. To me, AXI is not one of those companies. Their shares are down for a reason. Slow, incompetent management and no prospects or meaningful business developments in a loooonnnngggg while. If you still believe in the iron ore sector, there are so many plays out there that are just flat out superior to AXI in all aspects.
Good luck to everyone in their investing decisions and always do your DD!