After today's trading, I am now reminding myself why I am putting myself through this pain.
ECU fundamentals have not changed.
- We will see in a couple of weeks that they are now cash flow positive.
- There is a drilling program planned that could/should substantially increase reserves, and move numbers from inferred to measured and indicated.
- The inground value of the metal in the ground could/should increase.
- Being cash flow positive will allow the company to finance the drilling program internally, without going to the market for financing.
- All in all, the share price is undervalued.
- The PoG and PoS are in bullish patterns, the shenanigans of the Boyz notwithstanding.
- The US$ is in decline which is good for gold and silver
I could reduce the pain by buying more shares on the drops, but I am all out of funds, or by not watching every trade. I guess it will have to be the latter. Strengthen your fingernails.
Cheers.