RE: Going to be rich3 Aug 2024 12:23
@TrekMadone, Thats much appreciated it takes me a long time to construct post with that info
I will be picking up some reading juice tonight , and take a look at your points as its something I should be picking up on..
So far my limited experience of AIM companies, tells me the majority just suck the money out of LTH, especially if addicted to the story.. The more you read and watch the more you believe.. So have become wary of company comms as its needs to sell the story in order to remain funded.. I get sucked in..
I see DM touting 93p and offering an exciting journey, He1 was over £1, and Tai technically a discovery they just couldn't test..
When you look at He1, today still selling " it all could be huge for the company" well any production revenue would be especially if covers the companies annual costs and leave a little profit in the bank,.. They created that world leading producer expectation and have made no effort to reset exceptions..
Keeping things simplistic, it seems many new explorers sit with high market caps, He1 reaching £100m announcing the Predator before drilling Tai, which has gone quiet..
HEX IPO at near £10m, around 120m shares,
GEX IPO, similar setup..MC £11m 12.5p, 90m shares
IPO's designed to bag before anything happens..
But I missed HEX, and put too little in GEX, still the dumb money
But if these companies can repeat the He1 story more will be made than success from the start..