Questions to Management - What is going on? Official., page-663

@Deboss .... "You are investing in the ‘Speculative’ end of the market"

You're starting to sound like your on the same page as my comment from a couple of days ago.

As I have stated before I didn't buy into this because there was a lack of information about the project from the beginning.

Even in the very earliest of stages, this stock was hype driven, with a concept that sounded highly profitable. When WFE went into suspension the Mcap was around $60m for a shell with an idea.

I wonder what people thought would happen and why??

From my perspective one crucial ingredient missing was that no-one from management nor the BOD had any expertise in the field of cobalt processing, nor had any been commissioned to show viability of the project.

Even companies that have experts in whatever field often fail to go into greatness, so why did people think this company could be highly successful in a field where there was no expertise??

This company and these threads have been hugely educational for me in clarifying the important aspects of investment, especially in companies at the speculative end of the market.

Having expertise in the area the company is heading, plus prior success in that field seem to be vitally important to increase the odds of the spec being successful.

These threads basically gave me the confidence to invest a lot in other junior companies because the people running those companies have expertise and experience, despite me knowing nothing about those industries. Over the last 6-8 months I've been investing differently to before, where I'd try to learn everything about an industry.

I have successfully jumped aboard companies in medical and the O&G fields where experts ran the show.

Having a plan and timeframe and sticking to it as closely as possible also seem to be very important.

The plan here seems to have changed several times. IMHO it is the lack of expertise in the industry that led the plan to changing to whatever seemed to be a good idea.
Originally it was suggested that a tailings dam was going to be the source of ore, then the leases, then some Congo junior miners. Lack of knowledge of the industry is what leads to these types of changes, whereas an expert in the industry would have known what was best from the get go and stuck with that plan.

If any of us had a Porche that needed repairing, would we go to a specialist Porche mechanic or to the local Holden backyard mechanic who thinks he could fix it?? I'd always use the specialist Porche mechanic myself, because I've made the mistake of using the cheap substitute in the past.
The same for investment, IMHO use the experts. You can still make a ton of cash by following experts in their fields as the market does not always price stocks correctly. Plus the odds of the investment working also seem to be better. Anything that improves the odds of success at this end of the market should be taken IMHO. It also seems to be working for me.