RE: Re: Elon Musk5 Jan 2025 12:18
Lion,
I’m in agreement with you. I am happy to state that I now have just under 45 million shares at an average of £0.00069 per share. So, Ive lost nearly two thirds of my value. I won’t sell at this loss. If the share price bounced, which I don’t think it will above my average cost, then I may sell down and hold somewhere between 25m to 30m. But, if I have to keep all shares then I will with patience - I am young enough to wait it out.
I have an understanding of the transport sector. For example, I know that Alexander-Dennis who is the biggest bus builder in the UK pays just under £70k for batteries to power their E400 double deck range. I know between them and Plaxton who they own will manufacture approximately 1750 new vehicles this year. They are paying a foreign supplier for their batteries. They used to have a partnership with BYD but not now.
Basically, there is lots of contracts available to DG in the UK snd abroad. They have superior technology but no funds to produce on their own. If they get investment which you’ve got to believe they will then they can start producing to very large values.
I think the company relists in future when they are established with significant turnover.
I was angry and concerned and extremely disappointed at the news to delist. Now that I’ve got my head around it there is a part of me that wants to move on from the day to day constant checking of share price, waiting for news etc. I’m happy to park it and one day in the future get some great news and hopefully make a lot of money. As previously mentioned, I was always in this for 3, 5 and 10 years. That’s not changed.