averaging down
Ahh yes. I've always taken issue with that term, as if somehow buying shares a a reasonable price magically wipes out the sting of having paid excess money for the others.
It's not that we don't do it, but it's just a meaningless term, designed to delude. If I buy a house for $1 million over fair value and then another one at fair value, did I not still pay $1 million more than I needed to?
All that said, I've done it. My "average" costs here will be good at 50 cents. Meanwhile, I've "averaged up" on Great Bear and at some point in 2021 that's going to turn into a serious payday. The company's making swiss cheese of the Dixie project, and on track to produce a maiden resource in Q2 or Q3. Buy some.