People you need to relax28 Nov 2020 16:21
Ok there seems once again something akin to a panic here due to the update not yet being given despite the fact that it was stated an update would be provided by the end of Nov...well it's not quite the end of Nov so you need to relax people. Given the past performance of LC in terms of meeting stated deadlines I'd not be in the slightest bit surprised if there is no RNS on the 30th which will likely result in weak hands selling and a drop in the SP. When getting involved in shares like this you need to be mentally prepared for delays, missed timelines and understand better the long term picture. Before you invested you should have done due diligence and if you had done that you would know the BOD have a tendency to miss deadlines and are not always the most transparent but still you chose (like me) to invest. WHY?? Because you can see the potential and you can see the multiples it could be paying out...so before you sell out on Monday when no RNS shows up ask yourself this....if I sit tight and they succeed in the funding and production at Blyvoor how many multiples can I get on my stake/investment? I don't personally know the answer to that one but I can tell you this..sell out on Monday and you will not be getting any multiples unless of course you are savvy enough to sell out and buy back in but then you run the risk of missing a massive rise if a positive update and RNS does arrive soon after. My advice here is to stay put,hold on because even if nothing comes of Blyvoor good results from Haneti would be enough to get you your multiples. I made a slight mistake a month or so ago when I trimmed my stake 25% in RBW due to no news for close to 4 months when the CEO had stated back in June there would be an update in the coming weeks. People on the RBW board were not too panicky but as the weeks turned into multiple months and there was radio silence from the board some people began selling out and I bought into that fear and trimmed, then a couple of days later a fantastic update drops and RBW has been climbing steadily since. I'm over 100% up as got in very early with them but yeah that 25% trim has cost me a bit. I won't be making the same mistake here. So I do recommend irrespective of the outcome Monday that you just hold for the long term and take the inevitable slip in the SP like a man as in time it will recover. But do yourselves and the this board a favour...stop spreading fear and panic. No deadlines have actually been missed as yet but the way people are reacting would suggest the sky is falling. Stop being Chicken Little it does not help anyone. If Blyvoor fails there is Haneti, I find it highly unlikely that nothing will come of either and highly likely that something will come of both. IF you don't have the stomach for high risk speculative mining development stocks you should not be here as you will lose money...so either man up and sight tight or get out before you lose money as only those who play the long game get paid.DYOR
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