RE: ALL Good9 Jul 2023 20:28
Bankruptcy, good points well made.
I worked in the City for near on 40 years and would now, always pick share investments over deposits in a bank.
I have made and lost fortunes over the years (dot com boom / bust - 9/11). The losses were generally my own fault for following the crowd and not doing enough research.
I used to diversify quite a bit, say a dozen shares but now prefer to manage 3 or 4 shares that I thoroughly research. That way it is educated gambling (I accept not every investment is 100% secure) but only having a handful of shares really can create wealth. Depending on your risk tolerance, there is a risk reward factor i.e. some stocks will have a higher risk but the upside if they come off can be life changing. What is most important with any stock investment is their finance. Atlantic Lithium are well supported with their tie-in with Piedmont so I am comfortable with my investment here and demand for lithium is not going to go away.
Why has the share price here fallen. DFS provided clarity and is a must for any potential investor / collaborator.
But the market will not always react as a CEO or Board expects. First soundings I received from contacts in the City were their perception of slipping timescales (until production). Market expected production by end 2024 but now it's forecasted for 2025/6. In their view, plenty of time to invest elsewhere and perhaps come back nearer production. We really have been spoilt by Atlantic Lithium with their excellent news flow and transparency, the Company (to their credit) understand the importance of keeping their investors well informed.
I look at the current share price as an opportunity and if the share price falls much further, I will invest a lot more here as I rebalance my portfolio from successes elsewhere. I tend to invest with a three year view and regard Atlantic Lithium as a strong buy.