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Out of curiousity. Based on the understanding the credit card is a contingency measure, what makes you think it will be used at the start of August?
Thank You Santhi123 and Fukurokuju, I ve hunted Cornish down on Cusn few days ago lol, I plan to buy back after first use of credit card at beggining of August, so it will probably go up 300 percent by then :-)
Helpme you can see what stocks people comment on by pressing their username.
If that helps you find possible opportunities bto then research..
Atb
Agree 100%. Seeing the SP drop down shouldn’t be a massive issue if you have a long term strategy and believe in green revolution etc
It’s very clear GTTMOON and a few others played on negative sentiment and potentially scared a few PI’s into selling out, noticeably yourself Help me.
It seems you have a lot of respect for Cornish, has he sold out? No, he hasn’t!
Please don’t let the negative trolls impact your investing decision. Believe me, there is nothing worse than selling up and moving on, to then find that stock has risen not long after you sold.
Makes you feel sick inside and pretty sure many experienced investors have been in this situation.
Glad to have you back here.
Look after yourself my friend
P.s. Im not recommending RMM to you in that last post. Or saying you did the wrong thing. Simply saying you'll always come across a variety of opinions (for and against) on every stock. So if you invest in any stock based on others recommendations, you'll not know what's what when sentiment changes. As is what happened at at RMM.
Anyway, i best get on with the day.
Atb
I've sold rmm temporary because I think it will drop a bit more when they use credit card, trying to catch a wave probably like a fool, cmon give me some copper mines tips and I will research them in my own amateur way lol and I promise I will not be blaming you if I will invest and they go wrong - even if I am drunk :-) :-) :-)
Helpme. The trouble is many think RMM will be a multi bagger, but you need to think it. As otherwise you'll end up selling out when it drops and you listen to those that believe it's a dud stock or is going to drop further.if it's not your own beliefs you'll never be confident and you'll end up selling at a loss (potentially the bottom) like you did here.
I wouldn't name a stock to you just simply as I don't want to be responsible for your decisions lol
I do wish you the best tho
Thank You Fukurokuju79, it's defo smart what You say, I strongly believe copper will fly and I know that big crisis is coming so copper will be a gold while green revolution, any suggestions with copper mines? I will dmor with them anyway, thank You!!!
Hi Cornish, I don't have gambling problem, I used to, I have a situation and I need 3bagger badly so I realise that it will be a risk, but if I won't get it I will loose much more then money invested. I would like to spread my investment into 3 possible multinaggers, any suggestions? Thnx
I'm sure there are a fair many stocks that will return 300% over that time frame Helpme. The trouble is that with greater returns (typically, but not always) comes greater risks.
Coupled with the fact you are talking about 300% on your overall portfolio, creates even greater risk. As 2phevs says, you'd have to probably pile into one stock or two which is needless to say clearly a high risk strategy.
If you try make 300% portfolio return on one stock and it drops 50%, you then need 600% return. It gets a dangerous game. You can end up with less capital and needing greater risks.
There isn't one winning strategy. It needs to be what works for you. People can invest successfully in may ways, but it need to be something you develop around your own personality, preferences and beliefs. Sadly becoming relatively successful at investing, more often than not, involves losing money along the way.
If I'm honest and I may be wrong in this, it feels like you're gambling at this point, rather than investing.
My only advise would be where you invest needs to be your own decision from your own beliefs, otherwise you'll never feel content. That's when emotional decisions come into play.
Generally I personally focus my research by thinking macro, then narrowing. So for example I'm certain electrification will happen so I started there.
Then I looked at the elements needed. Could have chosen loads but some in the supply chain are replaceable and others like copper etc are less replaceable.
Then I looked at copper stocks but I didn't want the big known names, that's not my preference, I want those that are exploration stage with strong assets and/or unloved production stage. All of which would benefits from increased M&A activity, a rising copper price driven through rising demand and shortening supply.
I sifted through all the stocks I could find and chose very few based on a lot of factors.
Use others posts to help direct your own research, and perhaps help with understanding in some areas but never invest because others are, do it because you believe in it.
Must always be your own investment reasons. Never anyone elses.
Atb - sorry hope this isn't sounding sucking eggs. Just my opinion. Not the views of everyone. Many ways to skin a cat and all that.
Wish you the best.
good to see this board looking after our solider help me its patience here to be honest if I see warning sign I say it.. as I am true investor on this board DJG credit goes to him and dj77 ant aswell. brilliant team do miss dj77 but when he speak its truth honest from heart of lion
With all due respect helpme you are sounding a little like you have a gambling problem there. If you want quick returns definitely don't go all on on one share
Thank You again, i will go sleep with Your advice now as i finished night shift and have to get at least few hours of sleep before next bloody shift :-), atb good man. Thank You.
The only way I could make that sort of return would be to get heavily involved averaging down on one share and then it multi bagging on 1 day pretty impossible for my plan sorry Helpme I average out of a share as well as average in then keep an initial chunk in until it hits my exit but sometimes I just come out completely if it doesn't feel right happened quite a few times this past year again GL
spreading seems to be smart thing to do, i went all in like dum...as :-), do you reckon that them other shares can become multibaggers? I messed up some things and iam sinking lol, i have 16 months to get 300% lol, actually not funny at all, thank You very much for spending time, its superkind - unusual these days. ATB!!!
thank You very much!! Very kind of You Sir.
I must admit I'm really feeling excited about rmm as well but I have to stay with my plan at least 6 company spread of funds and trying to keep in separate sectors currently prsm few purchases at 900 - 775 iqe 55-46 hum 20 brsd 19-16.5 vre 15 dvrg 27.5 tgp 55 miri 46 just sold sae and my slightly biggest holding (only because of averaging down) RMM
Just thought I'd mention this help me because it's helped me not to get to emotionally attached to any company GL Helpme
Think I can help (pardon the pun) here
Rmm can only call on another 2 lots of 2MILLIONUSD between 1st of Aug and the 31st of Dec 21 shareholders would have to approve any Other possible 24 million USD CLNs I think it takes about 3-4 working days for the new shares to be available for River to sell
The shares would be at lowest price of the past 5 days (before the advance was requested by rmm) average price
So if rmm was 100 for 5 days and rmm requested 2 mill river would get approx 1.45 million shares and a 60 grand arrangement fee
The scenario above is 10%above my target price for exit so if I was TB that's when I would request it.
Hopefully a strong position for rmm and the shareholders have a control of the credit card going crazy.
GTMU
Sober up bro
Helpme u back a real hero this morning. Good to have u here man. Real investor missed u. Ur good guy true hero to this community..
Hi Cornish, how this credit card works? If rmm will decide to use it, will the shares which Riverfort Global receive from rmm be available for them straight away so they can sell them next day if they want, or do they have to wait some time before they can sell them?