Reminds me of Fosterville Gold Mine.This reminds me of what happened with the share prices of Forsterville Gold Mine in the Australian State of Victoria, in late 2014, throughout 2015 and a significant part of 2016 if my memory serves me correctly. Forsterville was owned and operated by Newmarket Gold at the time. I put almost all my liquid assets into it, in early 2015. I did it because my brother-in-law was an mining exploration engineer. He was convinced that this Canadian guy by the name of Quentin Hennigh might have help us Australians unlock something big in a mine that had never been too spectacular for 20 years, more than 1,200 metres underground. By the end of the 2015, my significant investment went down close to 50%. I wanted to bite the bullet and run, but my smart brother-in-law stopped me. I am ever graful that I listened to him, someone who truly knows what they're talking about. Newmarket was taken over by Kirkland Lake in 2016. The latter then started to dig up all the most spectacular high grade deposits, which helped me make more than 12 times profits.
One thing I've learnt is that most retailer shareholders are not investors, they cannot understand most of the news release, but they exercise too much of 'herd' mentality. To be very honest, I don't understand most of the news release. I'm a surgeon, but not a mining engineer. However, I do put my faith in more learned experts in the field, such as Q. H. and some posters here who know a lot more about mining than I ever will.