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Fastback6666

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20/07/20

21:36

Post #: 45992512
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Originally posted by GCar: ↑

Haha classic trader comment!
“Too much unknowns” and “volatility” and “forces outside company control”!

It’s actually quite simple for LTers and much much less uncertain than you think, imo of course!
The bottom line is that the company has multiple resource assets and has been producing from one of these for a number of years; the other 2 current assets are fantastic quality, and we are working towards developing these assets; all in an environment of a world that is rapidly transitioning to electrified mobility and battery energy storage.
That’s really as simple as it is.
Of course there will be waves along the way, as challenges are presented with market dynamics and funding etc etc... but the general plan is sound, the demand is only generally headed in one direction, and the future has looked bright for a long time already, imo.

Enjoy your trading, but knocking the LT strategy seems more due to the impatience and fiddling “required”’for trading, by traders, rather than a genuine concern about the LT prospects or potential returns here over the longer time frame.
As usual, it all comes down to risk appetite and investment horizon, and the key differences between active ST trading and LT investing.
Good money here either way imo.
LT requires patience; a lot of it.
A good article from Marcus Padley comes to mind, re fiddling his way out of a fortune on many occasions.

Anyway, GL!

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I have made more money out of long term trading than short term. Long term just requires more research and patience but payoffs can well outweigh short term trading. Everyone to their own really as both can be done well, you just have to have a plan and rules for yourself that work.

GXY Price at posting: 93.5¢ Sentiment: Buy Disclosure: Held
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Chart, page-18363

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