I waded into this after researching for a penny dreadful that could use some cash. I could earn 1% finders fee. The standout of the lot was CLE. When I presented to my source, I got laughed at. Purely because of TS. I got laughed at a few more times as well. Too speculative (that was one of my original criteria), we don't invest in colourful characters, a little dubious for us.
CLE had a great project, It also had nearly the equivalent of its MC in tradable shares. It could continue for a long term without dilution (or so I thought). The BOD were prepared to do whatever to make it happen. The timing is right for CLE. Another couple of months.
Then I fell for the EUR hype. At 10 cents. And saw that B options had more potential. instead of making 4-5, 10 times my money, I lost 80%. Yes on EUR I am down 80%. But you have not lost it until you take it off the table.
In CLE it is hard to lose when apart from my initial buy at 0.15 cents (impatience), the rest were at 0.1 cents. But the shares on issue have doubled.
Do I feel worried? No. I still believe that I will make at least 5 times on both CLE and EUR.
Buying and selling shares is gambling. There is no other way to describe it. You are gambling that the share price will rise and that it will still be higher when you take the money off the table. Or that you get a dividend and the sum of all dividends exceeds your costs. And it is a negative sum game. There are fees to enter, fees to exit, fees to do the tax work. If you lose, nobody cares, the taxman says we will give you a credit (I have $500K of them in my bottom drawer waiting for these two to come home). If you win, the taxman puts his hand out. If you can't afford to lose, you should not be investing.
Similarly, if you lose, learn from it and move on or it will consume you from the inside. Don't go haunting forum pages posting negative crap. All you are doing is digging yourself a bigger hole. I just have pity for you.
The only fault I see in CLE was that the EUR share price tanked when it should have rocketed. Contra to this EUR well and truly pulled CLE out of the mire it found itself in due to EUR tanking. There are several faults in EUR. Tony's Glory problems were a result of Covid and the subsequent alternative venues Glory played at post covid. TS just said that the whole thing was untenable (from accounts he had put $39M into the club). That should have been the end of it, but other parties wanted blood. The Ukraine war stopped the Ukraine project advancing. Bureaucracy in Austria has held up Wolfsberg, let us hope that it will proceed now. Bureaucracy in the US held up the SPAC deal by at least 6 months. And on top of this the lithium price has tanked. But of course these are all the fault of the BOD and we should have them drawn and quartered, then put them in the stocks and throw rocks at them. And everybody should line up at the door to get your money back.
Or we should just believe that the BOD are doing the best with the hands that they were dealt, that they have as much and if not more to lose and they will come out okay the other end.
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Ann: EUR Completes Acquisition Leinster Lithium Project Ireland, page-84
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Last
6.1¢ |
Change
0.003(5.17%) |
Mkt cap ! $88.15M |
Open | High | Low | Value | Volume |
5.4¢ | 6.3¢ | 5.4¢ | $208.1K | 3.447M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 6.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.2¢ | 20000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 200000 | 0.057 |
3 | 267857 | 0.056 |
2 | 20000 | 0.055 |
4 | 330555 | 0.054 |
1 | 505000 | 0.053 |
Price($) | Vol. | No. |
---|---|---|
0.064 | 344684 | 3 |
0.065 | 326515 | 4 |
0.066 | 558763 | 5 |
0.067 | 1623492 | 3 |
0.068 | 80000 | 2 |
Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
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EUR (ASX) Chart |