Throwing good money after bad stocks... or buying to lower the average buy price

Lots of small companies seek to raise capital when they are nearly broke or running out of cash.  However, if it is a good company with a strong reason for doing so, it is crazy not to support it.



MLX raised some fund recently but after buying into the rights, it tumbled... only to rise above the issue price.

Also, I have recently (last few months) topped up in ERM, GGG, SGQ, TAS when good news were declared.  Most have been heavy losses but there was no compelling reason to sell.  ERM went up by 3x in 4 months, GGG by 70%, SGQ by 20% and TAS is difficult to calculate due to multiple purchases from 13-25c.

Of course, I have made some bad choices too like NMT and FLN but hopefully they will turn around.

I am glad sometimes that I am brave... but it could have been "stupid"!