Buying again. Can't help myself.I am a long term holdout (since Houston Lake) who just kept accumulating. It was becoming unhealthy since I was buying "all the way down" and ended up with about a fully dressed Tesla SUV worth. Also like a Tesla SUV it was falling apart as fast as I was throwing money into it so I did an intervention on myself and sold out (painfully at $0.49) after the last collapse.
SInce then the Berens bridge approval along with the $6.5 million infrastructure grant has confirmed the intent of the Ontario and Federal governments to support the project, and the offshore partner has already been secured with Mitsubishi.
The company does the right thing (for the most part) but at a horribly slow pace and with little communication. Nonetheless a lot of value has been created in the past year, despite the fact that the share price has declined again. With Mitsubishi, the Berens bridge approval, continued work on the DFS and tangible government support the company has considerably more underlying value than it did this time a year ago, so I am willing to re-establish a more controlled and moderate position (maybe a Nissan Leaf worth) and see what happens. At the very least I figure that my downside is pretty well covered at this price.
Could be worse. Just need to avoid doing it on margin using rent money.