I would say that if you have such significant holdings in this penny stock that your retirement and overall savings depend on it, then you have far more problems in life than getting this mine financed.
Look, the bottom line is (as others have stated) that you either have conviction in this stock or not. If you don't, then sell. If you do, then hold. If you treat this stock as anything other than a lottery ticket with slightly better odds, then I feel you are not cut out for speculative investment.
Do I have concerns about this mine? Absolutely. I believe financing has been a tougher route than originally thought due to the large Cap-ex required and the uncertain nature of scandium need and pricing. I also believe there is slight cause for concern about the mine being so de-risked but still slow on attracting suitors.
With that said, I still have plenty of faith in this investment vehicle and I don't for one second question any of the management's motives or ethics. If you don't think Mark Smith, the single-handed largest shareholder, wants to get this mine properly financed then I have no faith in your due diligence skills or your business savvy.
The truth of the matter is, like all speculative penny stocks, this is a longshot with high-risk and high reward. If you are not comfortable playing in this realm then you need to leave, and if you have money tied up in this that could effect your retirement if it goes to $0, then you CERTAINLY need to sell today.
Good luck to all.
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