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Originally posted by ANTON707:
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absolutely nothing wrong with riding the hype if you are good at it however from my stand point and my trading skills it is a very risky business. I tend to invest serious money with little/no diversification (all in approach) and I do not want to get caught in a stonky meme stock, look at what happened with BNPL. Some notorious one like ZIP went all the way "to the moon" like they say in those forums 15$ and now is sitting in mid 3$. I see a lot of similarities with the lithium space right now, just look at the quality of posts in those forum. All the valuations are based on other peers inflated stock, is the recipe for a bubble? For example PLS is now not far from the mighty MIN. Needless to say that it is a commodity which its consumption is going to increase. But it is clear also that there will be alternatives when it comes to energy accumulation. I was an early mover in LTR and I made a lot of money out of it selling at 50c and now is 1,6$. When I sold the market cap was 800M$ and I thought that was the right price for that project...now it is sitting at 3,5B with many years and risks before any revenue. I am happy to be out. I learn as an engineer and employee of a big American multinational probably the biggest in the world for market cap until mid 2000s which tried to ride the waves to stay relevant however with hindsight not focusing on the core was one of the reason for losing the world helm in the energy space. So joining all the dots I am valuing the integrity of the BRB lead team to stick to the core and what they know to create long term wealth and success.
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Thanks for sharing your approach, personally I like the BRB deposit and at the very least the Li is a bonus and hopefully the share price will increase.
