RE: Views and assessments please4 Aug 2018 16:47
I read these boards to see what I can pick up. Sometimes you find something that gives you a different insight such as Weald Oilers, but generally with small caps, it’s all speculation, ramping, deramping, shorters etc, whilst the MMs manipulate the market to cash in.
For that reason I tend to avoid small caps completely, and leave it to the speculators and day traders.
I bought into this near the bottom, because I could see the long term huge potential in at least two of their projects, and I like the direction the management are pursuing.
And that is all it’s about. Potential. As has happened with these type of companies so many times before, that potential may turn to dust.
It’s a gamble on the possibility of commerciality. And as such will take some time to reach fruition. If ever.
But I like the company, I think that the odds are currently good, and I fully expect to be holding for at least a year before seeing any type of big multiple bag on this.
The SP will continue to fluctuate, as people will continue to speculate. And to investors like myself, it will make no difference. I’ll just wait for the final news on commerciality.
Small caps tend to be a gamble. And this is a gamble. But IMHO, at this price, it’s the best bet I’ve seen in a while.
I’m most definitely in. GLA DYOR.