My god man.. You are hard work matt..
youre running around repeatedly critiquing everyones reasons why they hold dreadnought, while still holding it yourself.. Its like youre self flagellating and seeking discipline from some external source. You seemingly regret your decision to buy but are too afraid to sell.Maybe hoping for redemption. You are criticising the people who assess the facts for themselves, follow their gut feeling and decided to hold thought tough times, while holding yourself and indulging in your own form of financial pennance. You ask questions, hoping the answers will quell that inner pain, but when they are not the perfect soothing answers that cover all bases, you lash out with your retort, hoping for the ultimate answer from the financial gods that will provide the godly financial forgiveness in which you can take solace.
Look, if you have a better place to be, why dont you just sell up and go there? If i remember correctly, you were praising (dare i mention his name) 1+1IC, from, hmm dunno without fact checking.. but im guessing. from the SP of 7 cents or so downwards.. saying how you thought everyone should respect him more.. but oh no.. for whatever reason, you are here, ignored your own warnings to others to sell and are now eating rotten carrots out of the trough with the rest of us, praying for the 4c level where you will dump all your shares and indulge in some kind of shadenfreudian rhapsody "i told you so" kinda posts..
anyway you do you. This is a format for exchanging opinions, and I encourage all opinions myself, including those I dont concur with and quite honestly despite disagreeing with you im actually interested to hear your points (preferably not too often), despite kinda thinking any further repetion defines you as insane, as in doing the same thing and expecting a different response defines one form of insanity. However, I digress.. But, the price for me hearing you out is that unfortuneately, if you get this far into admittedly what is my pile of word manure, you have had to hear me out.. so we are equal. I feel no guilt about it.
Right.. so if I have this right.. you hate being here, you think the company's F*cked, our outlook is not good, others have better valuation or prospects.. what else..Oh yeah.. the CEO's a compulsive bullshitter, our peers our outperforming us on so many metrics.. Dude.. WTF.. are you for real? If you really believe this sell your shares and GTFO.. BTW.. tell me what you buy instead. Keen to track it on similar metrcs by which you judge DRE.
The way i see it is that DRE have made a point of being very communicative.. which addresses a common critique of this end of the market by shareholders.. Why arent they telling us anything? management are doing nothing.. This is a lifestyle company (large proportion of out money goes into drilling, which enables potential discoveries), Too much fat in the system? (they trimmed off a director and a geo recently btw). They should try to monetise what they have.. stop effing around with exploration and just make some money from what they have before going off exploring for the elephant deposits (yep.. ok so we have a solid plan to get some income from near surface high grade gold, funded by external parties in tenements that have mining permits and actually pretty good metallurgy and a pretty welcoming underutilised mill nearby.).
Ok what else.. yeah .. why hasnt the share price gone up.. Well it probably would have if the ass hadnt been manipulated out of the REE market by that nation whose leader could be blindfolded by a shoelace. But fear not.. the yanks are getting desperate.. throwing dosh and sentiment in the direction of REE's , and we certainly have them. We have plenty proven and plenty on tap to be proven at short notice should more be required.. The price is clearly heading back up and I think is quite likely to head up a lot higher because of the geopolitical pressures. Esp if the Mcdonalds munching (and serving) citrus fruit faced leader of major economic powers wins upcoming elections and decide to push the go button on a full on tarriff war. REE's could go up faster than they went down. I personally thank our fearless leader for not FOMO selling our REEs out cheap into that market temptation after all the work we put into it.
Even if they dont.. the fundamentals for REE's arent too shabby. The reality of supply and demand will eventually catch up and meantime we will probably become self funding via our known gold deposits and have a strong change of sentiment because of that. Thats not even mentioning the possibility that we dont find something rather more significant in the process of drilling that out.
To me this is exploration.. Yeah it seems shitty for long periods.. Maybe the NDIS should fund support workers for investors in mineral explorers.. God knows.. it's mental torture, it causes depression, anxiety, possibly even transhumanism in some people.. it'd be nice to have some assistance and support from the govt to guide us through these hard times till we are on a more stable course. The support workers could take us out to coffee shops.. we could get theraputic massages, maybe even happy endings if they are still funded.
Anyway.. ahh. i seem to have gotten a bit off track and gone down a few wormholes that I didnt really mean to go down.. Point is dude.. Why hang around like a hemorrhoid moaning if you think its shit.. fair enough, share your opinion, but why try to score the finer points of every argument that you have not to hold, while still holding?
Sell out and GTFO if you dont want to be exposed to the sudden upside or downside that companies like this can have. You may be right in doing so.. This is somehat speculative so who knows what way it will go but for my money a wee while ago i decided id ride it out because their exploration philosphy, processes and team involved are playing the odds well on their excellent tenements to have that big hit we all hope for. In the meantime we still have (out of favour) valuable assets that prove their process works..it produces the goods, and plenty more on the horizon I would dare to venture.. But still its all a bit of a gamble in terms of risk v reward.. Any place you want to put your dosh has some variation of this.. This is high reward for high risk.. Its scary.. We need big diapers, or a lot of imodium as a bit of insurance..
Me? im playing it by air. Prepared to sit here and actually take some satisfaction in (hopefully) benefitting from the patience of seeing a strategy through to to the point where it either pays out or no longer seems prudent. Im still a way off that point so sitting tight and hoping some of the pieces fall into place in my favour sooner rather than later. In the meantime, yeah.. i dont like seeing the pullbacks on good news or whatever, but the flipside is that when these companies catch a bid, they overshoot as much as they undershoot. The difference between being on either side is patience, which i seem to have a lot of.
anyway, good luck to you.. but even better luck to those who have suffered DRE and the explorers that have endured a whipping in the last couple of years.
You cant print commodities. Eventually the ever diluting fiat currency will have to reflect this..
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