Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
People that average down on shares, and almost certainly in this one, are usually just throwing good money after bad. It seldom works and is generally a foolish way to invest. Averaging up is usually more successful, in that youre going with the trend and have successfully picked a rising share.
If its uncomfortable reading for you steamy wee, so be it. I am sure it would be nice to be on a chat where everyone says its the best share since Apple, will rise to their market cap eventually, and you're the best investor since Warren Buffett.
However, its not, it wont and youre not.
I often read people posting fair value here is a minimum of 0.2p, but could be worth upto 2p etc. I think this is a mistake.
I have seen nothing from BLUs two main assets to suggest fair value is higher than the current sp, and there is a real chance that it may in fact be overvalued, as you have to really question if either of the companies have a commercially viable future. imo
Blubutton, you state: 'all i can say on a positive side, is that the cumulative value of Dynasty and Spay are worth multiples of where we are now.'
I'm not sure you can write that with any certainty, proof or anything substantive. The price action of BLU shares in recent months is telling us that the value of the two main assets are nowhere near that. The achievements of both, as commercial concerns, is highly questionable and it would be prudent to ask oneself if these shares actually have any instrinsic value at all.
The spas, as you so eloquently put it, isnt one person or holder. There are billions of shares here, mainly held by retail punters who are mostly bored and annoyed with this share, given its dire performance. Many, like me, have said enough is enough and sold, having lost faith in value and real capital appreciation ever being realised here.
So instead of calling sellers a spas, you ought to consider the alternate view that this is a crock of valueless s***.
Not unless there's concrete news that makes it worthwhile. I appreciate the sp would be higher if that was the case, but I'd rather buy at 0.2-0.3p with confidence than 0.09p as a gamble. If Satoshi was the next big thing, this share would be way higher - probably similar with Dynasty.
I think the share price strongly suggests that the valuation of Dynasty of 4/5 times current price is simply not true. In fact, the share price suggests Satoshi has a value of zero, and Dynasty is a long way from being the great white hope that BLU shareholders are hoping for.
Never fall in love with a share.
On the assumption that no one has gone 'all in' here, it still has the potential that made us buy in the first place. The management at Dynasty are pretty smart and they will maximise the potential and IPO/sell price there, of that I have no doubt. Spay could be anything from a load of rubbish to an amazing and rewarding unicorn. I, for one, and am happy to wait till its all concluded. On that basis, looking at every trade, every day, is somewhat futile imo.
You can never tell on a bulletin board if someone is being serious or not. I would say the chances of this rising 400% this week is somewhere between no hope and Bob Hope - and Bob has sadly died. In time, I think its very possible, but one of Dynasty or Satoshipay need to prove their value. Of course its anyone guess how technology companies are valued, but if they have a unique product, first mover advantage, and quality designers, the sky is the limit.