April fools, page-52

It’s a spec stock mate, there is always a “possibility” that any explorer will go up, or even get into production (the stats are not favourable, was something like 1/130 last I checked).

If you believe the story, all you can do is keep an update on fundamentals via announcments and/or talking to the company.

One of three things will happen, depending on the next announcment (or perhaps sooner).... the stock will keep rising (eventually one of the next two will occur), the stock will have a healthy consolidation, or get dumped into Kingdom Come.

Current MC $400M odd.... overvalued IMO for what is known, but that could quite easily change.


Also worth noting, that taking profit isn’t an all or nothing endeavour. You can always sell a portion and then let the rest ride with more risk etc.

Also, anyone who gives you a “price prediction”, with the current knowns, is literally having a guess. Mostly just plucking a common target (e.g $1), without any adherence to what the actual MC would have to be.

Im actually quite mesmerised at how many people do this with stocks. Market Cap matters.

If you think $400M is undervalued, then hold.

You’re best off assessing risk/reward yourself .... vs trying to get a buy/hold signal on the HC forum of any stock. Because every forum is essentially an echo chamber of bullish sentiments for said stock.


All IMO,

Happy Easter !

Cheyne