GREY:VITFF - Post by User
Post by
Nick2021on Aug 14, 2024 10:04am
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Post# 36178332
Too bad, but also inevitable
Too bad, but also inevitableMy sincere regrets for everyone who was holding this stock when the heap leach pad failed -- I've been there before, when an investment loses so much money that you just figure you might as well hold on and see what happens. It sucks. If you bought it after the failure, well, if your investment strategy is grabbing hot coals, you're probably used to this. I'm still amazed that there was a bid up until this morning.
I owned VIC briefly back in 2017 or so, before it had a mine. This is the second junior I've invested in that went bust, the first was Lydian; it's a tough sector. Both times I've been lucky. Once the current bull market works its way out (and the general market isn't at all-time highs), I'm going to switch to passive index investing . . .