RE: re storm17 Nov 2021 13:12
APD - I second what Bertie said in reply to your short and rather insulting attitude. It's not people being 'naive'.
Yes, risk has to be considered and managed but part of that management is perspective i.e. how likely is the risk to occur and how significant is the potential impact of that risk. ?
Natural disasters are not unique to Rambler, or the industry. I would argue that more relevant and more important sector risks exist.... geographical/political risks like political stability, mining policies, tax regimes and/or corruption etc. Geology, commerciality of any asset, infrastructure, capital revenues to maintain capex and opex costs, dilution/free float/volatility, sentiment, commodity pricing, exchange rate risk etc etc
These are all the things that need extra assessment before making an investment IMO.
Then all the risks need to be weighed against the current Vs assumed future market cap of the opportunity. Ultimately the appetite for risk will likely be greater with a higher expectation of returns, and conversely lower risk appetite where there is a lower expectation of returns.
But long story short is don't label people naive simply because they decided to have fun with your thread on a day of good news, when they were jubilent, rather than wanting to focus on low probability risk events that quite frankly should have been considered before putting any money into a stock.
IMO I see your comments as being naive, and rude and not the replies of those on this board.
Atb though