Seingred6 Feb 2024 12:43
Seingred I am some of the valuations are unthinkable, but i say but what about crypto Ive yet to meet anyone who understands it. and yes they have flown hundreds thousands of a percentage. but has any paid a dividend has any got a profit have any got an asset.
Just saying that thousands of shares go from nothing to mega super astronical valuations on jack Sxxx. eg Baltimore techologies, a few quid to 6billion then bust, Kingson comms over 6billion £2.00 to £17.50 6billion then 10p.
ITM power a few pence to 750p valuing it at 3,5billion their turnover was 9m loss 21m now 70pish from 750p.
The internet stocks went from nothing to billions no profit no assets no nothing except momentum and people thinking it was the best things since slice bread.
Facts are we going to see a massive bubble at some point in gold silver and esp mining stocks. Like all other sectors miners will have there day. whether this is next year or in 3 years its coming . Id sooner put my money into an asset backed company that something I dont understand. I may be boring I maybe not bright but steady away for me.
The current valuations on goldies as you know are mega undervalued so dont try to pull that one.