The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Agree 100% as always with you, Penstock.
There’s a crypto currency buzz around on these boards at times,
instant results for little effort and time. The “Wen Lambo” attitude.
Stock investing is an investment of time, if you’re not a day trader, and
who can actually be a day trader if you’re 15 minutes behind the stock market,
then patience and gradual movement is what makes the money come your way eventually.
I’ve been in Ben’s Creek since 15 pence, sure I could have sold plenty of times as many other
long term holders and IPO investors could have done, having been in profit since the start.
But there’s more to come, if you give it a chance.
As long as the world needs steel, it needs this coal and as long as Ben’s Creek keeps
mining it, money will come.
So relax, you’re in a good share, you’re lucky. I’ve seen many shares go
the other way, including some of my own. Recuperating losses here and
being grateful for finding it early on.
Be kind to each other - the world is horrendous enough at the moment.
Stop worrying and relax.
Here’s a little check list for you:
- Majority of shares are locked in the company for a long time
- Machinery is on site, assembled and running
- Infrastructure in place, contractor on site working on rail line, he’s already been paid
- Coal in abundance with fantastic opportunities on extracting neighbouring coal mines
- A CEO who updates and interacts with his shareholders frequently - others you only see at an AGM
- Huge infrastructure bill passed in the states for an investment of 1 trillion dollars - mountains of steel needed
- Debt free company with a commitment to look after investors and dividend rewarding
- No exploration, test drilling, research, imaging or any other costs to find resources to mine
I could go on, but get realistic and stop worrying about typical MM’ers, AIM and day traders.
Don’t sell, don’t even look at this share until next year.
GLA DYOR AND HODL
Relax people - there’s 10k acres of coal and a miner is now extracting it.
Let them play their games, just hold your shares, top up if you like and be happy you’re in this and not invested in a share that’s been tanking week on week. Don’t even look at this until next year!
To coin a phrase from the cryptoworld - all you have to do is HODL this.
Hold On for Dear Life.
Invest your money, and wait for the dividends to start rolling in. A trillion dollar infrastructure bill
is to be signed off by the President who brought this to the house to start with and they need
steel, lots of it, and for lots of steel you need train loads of coal, which we have!
I’ve said before a few times that I think the board just uses VELA as a pension pot.
They’re 2 mil plus in the bank, they pay themselves 175k a year in salaries.
That’s well over 10 years of guaranteed income without lifting a finger, regardless of how well or how poorly any of the investments go.
I reduced my holding here weeks ago and have been fortunate enough to recuperate my losses by selling, but I had such high hopes for this, in particular the AZD1656. The board seemed uninterested, don’t communicate, update us or invest spare capital. A personal cash cow. I’ll probably be called a deramper again, but it is what it is as far as I can see.
Fully agree - the issue that I’m trying to convey is that when you take a drug that is lowering your blood glucose levels by let’s just say 15%, and you are sitting at 5 mmol, this would bring you down within a hypoglycaemia range.
If by chance your insulin pump then administered additional insulin, this will bring down your mmol again.
Due to the fact that once the tablet has entered the system, the dosage is not in correlation with your mmol levels
which could then be lowered significantly by this.
If you had steady blood glucose it’s okay, but this is supposedly being used to help diabetics who are suffering from COVID with blood glucose issues.
My point is that, due to blood glucose going from let’s say 5 to 15 daily in a type 1 diabetic, the drug would be a gamble as to when it’ll kick in and at which mmol level.