There's no point in doing detailed research if you're then going to ignore it and get caught up in mob hysteria. The PI's objective is to buy low and sell high. But that's not what they end up doing. Why? Because when the price is rising they think, mmm everything must be going well and the market must know, so I'd better buy. Then the price falls and they think, shit everything must be going badly and the market must know, so I'd better sell. Result? Buying high and selling low.
Ignore the doom merchants. If they want to try and earn 10% on a short, who am I to care? Not one jot of new information has come to light over the last 2 days that makes this any less of an attractive investment (quite the contrary), unless someone has stolen the Nickel from Berong or found a relacement for nickel in stainless steel and not told me! The price is down 10% for god sake, not 50%. I've said before that this is not an overnight investment and holders are getting ahead of themselves in predicting £3,4,5 on issue of permits. New institutions are not going to invest in this at present. They couldn't get enough shares to make it worthwhile and they just don't, in general, go for stocks at this level of development.
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