patience pays off, page-151

That has to be one of the stupidist posts I have read for a while!

Firstly, it is stupid to suggest that you can't make life-changing investments in blue chips. Buffet has demonstrated that over and over again. It's both timing and time in the market and excellent stock picking.

Secondly, there are multiple reasons for spreading risk. Such as imperfect knowledge, left field events and human unreliability. To ignore this age old wisdom says a lot about your hubris and ignorance!

Thirdly, it is NEVER absurd to only invest in the spec end of the market $ than you can afford to lose. Because things can always go wrong, and if they do, no matter how unlikely, you will not be wiped out.

Fourthly, you should never uncriticslly believe a company's narrative and always retain a healthy scepticism. Why do you think we have ASIC and other safeguards?

Fifthly, you are always stupid to put all your eggs in the one basket because, no matter how good it looks, there are ALWAYS unknowns and the possibility of error. That's why you don't do it. Doh!

"Dare to dream and truely believe" - lol, the investment 'strategy' of fairy tales, greenhorns and cultists!

"AUZ is derisked" is absolute rubbish! It is partly derisked and despite its exciting potential has a long way to go to derisking. For this, it requires offtakes, DFS, and development capital!