ADN 6.25% 1.7¢ andromeda metals limited

General comments/chat, page-18309

  1. 357 Posts.
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    All, it has been a challenging couple of weeks, from our high above 43c down to the close today at 29c. As with all success stories, inevitably there are people that emerge who did not have a ticket on the train, but wish they were along for the ride. They have all the more reason to criticise the rise, all the more bias to find the error in the success. I think it is human nature to find ways to justify a decision that was made in light of the result.

    "I didn't invest because... overvalued, crowded market, only a tiny piece of the offtake derisked, pumped from 5c to 40c, no proof of demand, they haven't delivered on promises, management are rewarding themselves...etc".

    Not to say these viewpoints aren't beneficial to hear, or discussion points that should be made along the way, but there is a time and a place. Preying on people at the point of downfall, and then claiming the reason for this wisdom is to "help the holders", this is a fallacy. If the intention was true, these comments would come before the result, not at the peak of the downward pressure. I struggle to rationalise the appearance of these opinions now, I don't think their intention is true.

    What I do know is this:
    3 weeks ago, the sky was blue and we congratulated ourselves for an amazing investment in this company.
    3 weeks ago we had proof of concept, a BOA signed at the price that was modelled in the PFS. Nothing to sneeze at, the first of many.
    3 weeks ago we had resolve, we didn't question ourselves, we stayed calm and we celebrated another incremental win on our way to Production.

    This company hasn't changed in the past 3 weeks.

    Always listen to other views, take them in, analyse them for their intent and their value. Identify the pieces that are true and the pieces that aren't. Understand the bias and form an opinion. This is the process I use to maintain my resolve.

    For now, I'm staying true to my investment, I'm remaining calm, I'm remaining rational, and I'm eagerly awaiting the next piece of news in this evolving story. We are heading to Production, and like all haul roads this one might be a bit rocky.

    IMO, DYOR and GLTAH.
 
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