Detached Perspectives15 May 2019 08:48
I think people oft get caught up in their own egos sometimes, without objectively assesing the investment cases in front of them.
Placing or a form that is essentially / effectively the same thing, whether at a HIGHER or LOWER price, was an option that was categorically denied by many of the most vocal, very active, proponents of the stock on this BB (and other social media platforms).
They've now had to accept that option (admittedly grudgingly), so there's no need to have 'on board tantrums' about it - when assesing investments, we can't afford to be so emotional, where we essentially become Ostriches and stick our heads in the sand.
I was much maligned here and subjected to a co-ordinated campaign of victimisation, but unlike a lot of the Protagonists, I don't let it unduly afffect my emotional state.
Hopefully now, we can view this investment from a more objective perspective, facillitating a more incisive discussion of said investment and 'realistic' issues pertaining to it.
Accepting now the possibility of dilution, how can we view the stock going forward.
Again, contingent on beauracratic requirements being fulfilled and aforerementioned Finance resolved, the Company can be poised to move into actual drilling operations - a major step change from the so called 'potential' that is oft bandied about.
It seems like the addressing of said financial hurdles will be addressed imo (reasoning previously given), but obviously official confirmation via an RNS is required, rather than BB chatter or 'secret emails' from the company to select individuals here.
People keep asking about my position and I'll reiterate what I have stated multiple times (check previous posts) - I implement my usual 'Stagger Buying' approach.
I have had a Holding for weeks:
If the price appreciates due to a catalyst, I'll purchase MORE
If the price drops, I'll purchase more.
That's with a view to a price appreciation moving forward and without being negligent of near term financing developments, which I've discussed.
So, I await further news, with an existent position and looking for further clarity on the issues mentioned.
I don't have the time or inclination to sit on this BB all day, being obsessed with other posters or their personal angst at my own posting.
I hope that by providing an objective, unemotional assesment of the Investment in my previous postings, a more productive contribution to those genuinely interested in this investment, will be made.
Atb & enjoy the day all.