Irregardless—Catalyst - is Way , way waaay ahead of them and others .
BAT had a very ‘bad ‘ run in Mozambique ? , unbelievable .
Even the established , popular , formerly huge market cap graphite stock , has very much been struggling there.
I personally no longer trust reinvented small resources companies - or reinvented , recapitalised companies totally .
Definitely not with same management, quickly or in the shortterm anyway .
The CEO may well be doing a mighty job to promote the company on behalf of ( long-suffering? I’m not up on them recent years ) shareholders .
That is their job ! They must to survive , and create interest from scratch even ! They will seek to ride on coat- tails nearby success results .
I tell myself now - their goal to promote their company (resource or whatever) , has nothing to do with me . Unless I have a particular interest or know a lot about the area or the outlook.
I do not have to buy -in — to being kindly optimistic .
Or ‘believing ‘ .
This has been the biggest thing for me .
I believe ( used to listen in ) to CEOs earnestly trying to tell me , or publicise really , and get in the papers and articles - their big stories of ‘promise’ ., about the good potential and nearology , and history .
Incredibly wonderful stories and such excitement even .. very soon , ‘close / this drill campaign “ , about to ‘kick off.’
Or whatever .
Their stories and their job promoting their prospect - has not one thing to do with my goals of the day and I’ve enough issues and responsibilities on my own plate . I’ll leave them to do their job. Wish them well even - but aside from passing taking in what going on - I pretty much then place them to back of my mind . Often I’ll watch for awhile - or they’re in my list of stocks , and I’ve forgotten who they are . Then one day a few years down the track they’ll be brought up by a resource analyst or I see the stock start to move . (Often it has fallen well down in a few years or the number of shares is way higher than I knew them in their former lifetime - past endeavours )
Most small cap resources stocks will constantly be needing funds to stay afloat and to just be able to fund their new resources ground and exploration works .
Lots of noise - for a long time , even if is some results. And I hope they do well .
Only buy in to what you really understand please - how we must be .
And the CEO and management and their experience and work ethics to get the job done- are the No 1 consideration.
I have met Bruce Kay . And first read about the prospects - here - with Catalyst which is what this forum is about , in 2015. I remember when InvestSMART , or the weekend magazine arm- “Eureka Report “ likely - covered a few promising gold explorers .
And I mean- only a few . 3 companies only - and Catalyst was one of the 3 they covered .
Gina Rinehart company had bought in that year .
Big difference.
CYL - I only bought in recently , unfortunately . But they have been here for years . ( Not only just arrived and picked up available leftover land ?)
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