Wise words. But to all those who are deep in the red here...

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daniston

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17/04/23

17:51

Post #: 67318234
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Originally posted by Oatmilk1: ↑

Sounds like some punters I know on a Saturday at the track blaming the horse, jockey, bookie, everyone but themselves. Anyone that's thrown money at ROO, or any other technology developer, mining exploration company etc needs to accept there is obscene risk for the chance of crazy returns. Have any of you guys actually ever work in technology development, its hard, there are 100s of challenges no one can ever see eventuating, and ultimately you need to ensure customers want the product at a cost point thats attractive. There are so many unknowns at the start of the adventure. Oh, and raising capital is hard, especially in the current environment, and especially when things havent gone well to start with.

But obviously you guys are all oblivious to that and have done it before and it should be a walk in the park. Im not saying there arent crooked guys in certain ASX companies. Itll be similar to the general population, as is the % of people that blame everyone but themselves for errors. If you throw $3200 or $100 or $100,000 at these start up adventures the chances are you will lose the entire sum. If you dont jump in accepting this you are lying to yourself.

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Wise words. But to all those who are deep in the red here (myself included) - don't beat yourself up. These things happen in the micro cap space. You can't expect smooth sailing. Shipwrecks a plenty...

ROO Price at posting: 0.7¢ Sentiment: Hold Disclosure: Held
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Wise words. But to all those who are deep in the red here...

Top Stories

Smallcap Artemis Res' jumps 23% on six digit gold grade rockchip find at Titan

Court process clears way for ARB to buy up 4 Wheel Parts business in the US

Octava Minerals joins the antimony train with high-grades on the radar at Yallagong, WA

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Issues emerging as Australian companies tackle critical minerals challenge

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

Tonight's US CPI data could set the tone for November. What are markets expecting?

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

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