Great post my friend. Markets are in turmoil as we try to recover from Covid induced inflation, the bloody Ukraine war, now Middle East escalation.
Some need to get their heads around the current situations in the world, and the current state of the markets. I’ve literally written this year off for my investments…..
But I don’t fear this, some might see it as a buying opportunity, I just see it as a hold and hope for better days ahead.
I don’t see any dread in the project this far, I prefer to focus on the resource itself and can see its future value as a tier one resource. There are of course many, many questions that need to be answered at some stage, and perhaps that stage is getting very close.
Friday should reveal some details, if those details released are positive I would expect a flurry of announcements to follow. If it’s a negative announcement we will suffer the consequences.
I am still holding the faith, but my only regret here is being greedy and putting 100k shares on sale at 1.57 and not selling, in hindsight 1.52 would have cleared that parcel. That cost me well over 100k.
I’ve never been a trader but I’m more so focused now on macro conditions, I’m sick of watching spec stock tank when if you read the environment you can see these things forthcoming.
Was lucky to sell half my holding in AGY for 74.5c, and half my holding in AKE for $15.50. Those two moves paid for my entire portfolio which is now all freehold.
I have other issues to deal with now including the C word. Soo I’m not as emotionally attached to my 10 stocks as I was. Money is just money, health is something you cannot replace or earn.
Chins up people, things aren’t that bad, we are in another downward spiral and it ain’t just GLN. Been here many times before, and sure to experience it again in the future.
Best wishes to all of you, we are all in the markets to make a buck, but sometimes many external influences really lay a sack of shit on your dreams.
Patience in this environment is definitely required.
GLN Price at posting:
38.5¢ Sentiment: Hold Disclosure: Held
(20min delay)