Regency Mines Plc announces, further to the announcements of 27th March and 9th March 2017, progress at the Rosa metallurgical coal mine (“Rosa”, held through Carbon Minerals Corporation or “CMC”) located in Alabama, United States of America, in the Warrior Coal Basin, and at Vali Carbon Corporation (“VCC”). Regency owns 20% of CMC and 20% of VCC.
A Tale of the Unexpected
Déjà vu is a powerful thing, and it can be quite a useful from an investment perspective, if tempered, tolerated and nurtured.
Kipling says we must (to paraphrase) “keep our heads when all around are losing theirs.” Wise words but the world of AIM requires an even greater discipline, because if one presumes “losing theirs” indicates irrationality, investors in resource stocks on AIM have to deal with that and plenty more besides.
At the bottom of a resource market (and cyclical downturns as we have experienced in the resource sector are probably the most pernicious and financially damaging of all), then we have a whole legion of investors recoiling from having lost so much over the years. The mere prospect of recovery in a share where your loss is 70%, 80%, 90% or even 99% is irksome.