RE: Thinking out loud...24 Dec 2023 10:14
Firstly I think beware of wolves in sheeps clothing!!!
Secondly regards new or further HE1 Investment.
Thoughts are simple on any investment here and are as always based on the current position.
My attitude is that money lost through selling up is lost. If you held it is still lost all be it a paper loss where some may be recovered.
So what are the chances?
Back in July it was 10p we had one drill to do. People were happy to invest then and like every other exploration drill it was hit or miss. They partially hit and gained data.
Now it is .25p once again they have one drill to do and once again an exploration drill that will be hit or miss.
Put the bumpy road out of your minds for a second and see that there is no difference in position!
When investing in O&G until discovery is made it is always hit or miss whatever company we invest in. Even after discovery there can still be failures.
The point I make is that if you believed then, then you could believe now because the scenario and outcomes remain the same win or lose.
For those that did lose it is not about chasing losses, but looking at your next gamble. Will the 1p you spend now turn into 2p?
I believed in the prospects in the first place so why should I not believe now? Better the devil and the BB devils you know, than the ones you don't.
It's not advice, just how I look at things. It's your money, choose wisely, good luck, merry Christmas and a prosperous new year