I was an AVL share holder back in 2018 and lost money, in 2020 lost more money, and then I made some back in 2022. STILL I LOST ABOUT $2500 ON AVL. Got sick of management and their unconvincing ideas to make it to production and share holders paying their wages with capital raises.I
bought some TNC today at 32cents. They have risen from the ashes and have about $50m for drilling, is backed by Regal Asset Management, Glencore Australia, seems management. have put their own money into it. https://******.com.au/media/cashedup-drilling-in-a-new-era-for-tnc-20?videoId=41424I am not recommending it as it is highly speculative but I am here cause I found a video on ****** where they are crowing about a vanadium asset. Oh no, I do hope they find something else. So I went back over my data, and it was about 10cents when I was losing brass on them.
Sad to see AVL at 1c. What happened? Has Vanadium moved at all? You must be true believers or hate selling. Can I ask why you still hold, and truthfully has anyone averaged down a lot and drowning? I ask not to gloat but share experiences and lessons learnt. Hotcopper is full of bullshitters who say buy and actually sell etc but there are a small % of good folks, and we if can learn from one another we can be more prepared for the bullshit from some CEOs of the companies we invest in.I lost $2500, sadly I have lost a lot more on small, medium and large companies. Thankfully, I have made more than I have lost - mostly on large companies and a few small ones. It has been a long and painful experience. I know losing is part of the game and even the best pick losers (Buffett).
I am not that knowledgable about exploration companies or the resources sector in general, a sector I usually lose money in. However I am learning. Happy to share info on where my best gains have come from.I want to know whether Vanadium has a future in your opinion and how hard it is to be a producer (of anything). I have been buying and selling VTM - rare earths, and this has had a good run of late, and the CEO is talking about being a producer!
TheRam
AVL Price at posting:
1.0¢ Sentiment: None Disclosure: Not Held
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