Bravo, halleluiah, a semi-serious debate about what results actually mean in terms of economic implications and peer comparison. This IS the money shot people. This IS where an early read can give HC investors an edge over the market and brokers who are slow, lazy and biased when it comes to scratching below the surface. All it takes is some posters with enough knowledge, effort and goodwill to share their thoughts for ALL to at least get a feel for the risk-rewards on offer from complicated and projects with uncertain outcomes... what's not to like or benefit from such discussion???
Unless you believe HC determines share price action and any shade here negatively impacts your investment (which it doesn;t beyond a few days), but even if it did you have a ring side seat to any valuable insights. People want to hate 'negative' opinions on HC, when really negative, contrarian, knowledgeable, cynical opinions can only make for better investment decisions. You want to blindly follow management's confident predictions, your brokers, or dog forbid the last CR analyst that's fine... confirmation bias makes for a much more comfortable ride than worrying why the market doesn;t agree.
@salpetie has been a LT investor and contributor to this stock. Surely their motivations are beyond reproach. A geo who enjoys doing analysis and rightly changes his opinions when the facts/interp changes. Even if they sold out DRE, isn't it evident that someone interested in a complex and fascinating exploration play would continue to follow and comment on the story as it unfolds? Can't everyone see the enormous value to the thread of having an experienced eye take the time to share their opinion for the 95% of readers who don't have salpetie's experience? Trust me... broker analysts aren't that smart, don;t make as much effort because there's too many projects across their desk, and get paid to write opinion pieces that suit their paymaster's desire. Especially REE and carbonatites, probably the most complex and difficult projects to value and monetise through to development.
I happen to love economic geology, it's my happy place, invested or not. People who love footy enjoy watching a good game even when their team's not playing. It's a clear and simple analogy, if you don;t understand the joys of a cerebral pursuit then I understand how you won;t get it. My knowledge and personality give me a unique perspective, a certain bias, and my arrogance and posting style stirs the pot... so what. Consider my opinion, challenge it, discount it, but you can't be worse off for the debate. My experience fwiw: Gold...minesite exploration, resource project, open-pit mining, underground mining. Base metals... greenfields exploration multiple states, minesite and brownfields exploration, open pit and underground geology. Mineral sands... greenfields exploration, brownfields exploration, project geology, mine geology, resource geology. My short geo career followed my strengths and passion, until and ended up in resource geology which moulded the investor I am today. I took deposits from the exploitation geos, worked them into shape with deeper interpretation, extra drilling where required, created resource models, worked with engineers to create Mine Reserves from the MRE, then ultimately supervised handover of those deposits to the mine geo so they knew exactly what made it tick and how to go about successfully delivering ore to the plant on spec, as required.
People going to roll their eyes and think 2ic is just grandstanding again, but it's instructive to understand why I post how I do. I love to know what makes a deposit economic, the risks and flaws, competitor's economics the industry cost curve etc. Too pessimistic and bored for longwinded exploration, too strong willed to be an engineer's mine geologist bitch... resource geology inside a large company (not just crunching out MRE's on a contract basis) brings all aspects of exploration, mining and deposit geology together under an umbrella economic rationalism with a strong focus on risk identification and management. So, discount my exploration pessimism because 'realists' never discovered a deposit because the odds of finding one were too low to bother looking. However, my ruminations on the economic implications of project results as deposits are fleshed out are worth the price of entry (which granted, isn;t much on HC). Same goes for salpetie and any other poster that brings new information to a thread... don't have to like or agree with the messenger or what they have to say, just be grateful they bothered to turn up whatever their motives imo.
GLTAH
(20min delay)