RE: ISA be so lucky.17 Sep 2020 14:29
Under RP’s HNR it was highly speculative and clearly turned out far more than the 80/20 portfolio he said for sure, his costs were out of control, but he was removed and life goes on.
I did more than ok out of SXX, to the point I’m in here big and in big profit, but not selling a bean.
These distribution deals are real, the products are real, they are winning awards with Zoetic and Chill offers a fantastic opportunity for those wishing to give up tobacco and or consume CBD.
They don’t need vast sums of money to get drilling wells or frak or building deep shafts etc like many small caps.
They have products which have proved to sell and the biggest distributors going are taking them to market and stocking their network of shops imminently.
The gross margins are great, the market is there.
One of the distributors has invested £1,187,500 becoming the largest shareholder after Covid started and knowing that we wouldn’t be rolling immediately when they did.
They have shelved all the aspects of RP’s old company and emerged with something special.
It isn’t “oil and gas does CBD” This is now people with 10 years experience in the cannabis and hemp space doing it.
Costs are slashed, it’s an agile and fast growing business model with all the right partners in place.
You do get companies that turn around massively occasionally , this IMHO is one of them.
SXX had a massive overspend, but I think it was and will be a great mine although haven’t bothered to see what AA are doing at the moment with it.
HNR had a massive overspend and that was RP’s fault, but he is long gone, both as an awful CEO and as a shareholder, we can be thankful for that, and a totally different company has emerged.
Fortunately for those that held on here, you get an opportunity to benefit in its growth, unlike in SXX if you held that to the end, I didn’t stay in SXX and I did hold on here, so I’m good. But I know people who lost in both.
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