RRR : Bear years in the commodity cycle18 May 2024 13:21
Tell me 1 person that has NOT lost on the stock exchange during the bear years in the commodity cycle ie ordinary shareholders who bought commodity stocks, be it on the London AIM or otherwise. I have noticed one stock on the American exchanges ie EV car stock. It hit $117.36 & 0.038 WITHIN A ==52 WK LOW & HIGH. Just imagine, anyone having bought 1,000 shares paid US$117,000 and when it hit the low recently, the person would have only $380 left. This is even more DRASTIC than any AIM stock. Same happened for another well known named EV car stock. SO, SYMPATHY YES.
Life has to move on. Stock brokers have been told to watch CLIENTS and to this end, they would refer folks to the Gambling charity. Must be there are FOLKS buying stocks and losing continually otherwise why Gambling Help Charity?
Suffice to say, it is HOW to MOVE forward that is of essence. Folks have different strategies and that is up to self. The commodity cycle appears to have turned AND HOPEFULLY, THOSE WHO LOST CAN RECOVER their losses and that is the best hoped for.
So, whatever one does from here going forth is up to each one. A/c to Paul Johnson, in his short series tweets on Twitter relating to the commodity upturn was that in 2010, at the GOLD PRICE BOOM, no junior explorer stock was UNDER £10M. Let's see this time what happens. I am busy researching and it takes so much time.
TO A.BELL:
A ASX stock jumped 100% on 1st day of dealing ie silver stock boasting the LARGEST silver reserve on the ASX inc gold. This was posted on the other forum as to ASX interest in silver & gold stocks. SXG is going to dual listing in Canada & at the momo, at a WHOPPING A$522m mkt cap for a exploration target of 1.6moz gold equiv with NO RESOURCE JORC yet. RRR KILMORE is NEXT DOOR to SXG's SUNDAY CREEK. If Kilmore was the 1st mining town and when it ran out, they went to Sunday Creek, then the gold system may not just be at Sunday Creek @1,000m+.[ See Paul Johnson's tweet of 2021 I posted last night]. So, given GLOBAL INVESTOR interest on the TSX, I hope Mr Bell can get an AIM LISTING or TSX LISTING OR ASX. Meanwhile, POW has increased their holding in GMET who is drilling for copper to some 50% from recall. So, IF it hits copper, the uplift would be of benefit to POW. This is pointing to keeping instead of SELLING DOWN , IF, there is scope for a metal discovery of note. This at the momo is the strongest suite in the RRR portfolio. Hopefully, RRR having 100% in KILMORE can interest a supporter to take this forward given the Australian interest in SUNDAY CREEK. DYOR. NIA. News, Sat 18 May 2024. As for me, I am hoping that the assets can be realised bar any liabilities.
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