Hrattle me timbers!
I have been buying for the last week! I do not believe much in the averaging down thing do it once in awhile but it has to be a sound decision not a 'need to get even on a stock' decision! I have no problem taking a hit! That said some of these things are ridiculously low! (Not this one) What I have been buying has to be.
1. High grade in other words they have to be able to make money at 1100-1200 gold and I mean reasonable money not break even!
2. They need cash
3. They need a major as a partner so they can get cash if needed
4. They need to or expect to have a low capital cost