Now you're tempting me on Axmin. BUT... I guess the big unknown for me (and for most) about Axmin's CAR property is the claimed "CAR risk profile overstated". I don't remember Ubangi-Chari country ever being particularly auspicious for any enterprise. (What ever happened to Emperor Bokassa I's very expensive gold eagle throne?) There's also all that trouble next door. What if Joseph Kony & Co. or someone like that decides to drop by Passandro?
Also I have a personal rule: "Don't average down." meaning that if a stock goes down majorly after you buy it, you were probably wrong in the first place and it is NOT a good idea to buy more because it's available at lower prices. (Another version popular with trend-followers is: "Losers average losers.") I don't always obey the rule; my violations (New York Times, Thornburg Mortgage, and the more relevant Akrokeri-Ashanti Gold) have always lost money. I've lost a bunch on Axmin so far, my original reason evaporated when they got out of Ghana, and then there's my rule. But now I'm tempted to double up, maybe.
The "action" in Axmin stock is still sleepy so maybe there's no hurry to decide, but, who knows?
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