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Re: Tradernick5 post# 13602

Saturday, 04/16/2022 6:06:58 PM

Saturday, April 16, 2022 6:06:58 PM

Post# of 19297
It was around 30000 shares of ANV when the bankruptcy happened. Kids accounts had some shares as well.

In the kids accounts, it was actually hard to sell them because they had 'some', but we had to wait for the price to hit something like 7 or 8 cents if I remember right so that when they were sold off, it could cover the cost of the trade and leave a few dollars 'left'.

And they were sold because of Hycrofts timeline to get the mine into production. Sure as hell wasn't going to dump more money down the rat hole.

Only other thing I care to remember was how some lost a hell of a lot of money according to them when the bankruptcy was declared. I hadn't loaded up like I was planning to once they got closer to commencing mining. But it was a 'lesson learned' with respect to investing in miners. Let them get 'close', let them prove they are likely to get their permit before committing capital in a 'buy and hold' stance vs 'trade the runs' as they give in the early years.
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