If only lithium hodlers knew how to cut the umbilical cord early from their lithium stock holding and re-deploy into the new thematic trend -i.e gold stocks, they would have had possibly recovered some or all of their lithium losses, even they did it early.
An example:
Many LTR holder kept holding their stock, missing out the $3 takeover price, but today see their investment eroded to just less than 20% of what Gina would have given them then.
Now, if only one had sold a 100k shares holding in LTR at $1.69 on 2 Jan 2024, and use the $169k proceeds to invest in RMS which also traded at $1.69 on the same day, it would be a 1:1 swap with RMS.
That 100k shares in RMS would be worth $284k today, which would be equivalent to $2.84 per LTR share had it been 100k in LTR instead.
In sharp contrast, 100k in LTR shares is today worth just $55,500 and the difference is a massive $228,500.
What I am showing you is that it does not pay to stick with your dog stocks, but obviously most of LTR hodlers have been in total denial for so long, and they remain so.
Do the same exercise with PLS
Now, if only one had sold a 100k shares holding in PLS at $3.98 on 2 Jan 2024, and use the $398k proceeds to invest in RMS which also traded at $1.69 on the same day, it would provide 235,503 shares in RMS.
That 235k shares in RMS would be worth $668.8k today, which would be equivalent to $6.69 per PLS share had it been 100k in PLS instead.
In sharp contrast, 100k in PLS shares is today worth just $154k and the difference is a massive $514,828.
Instead of RMS, say you bought NST @ $13.72 on 2 Jan 2024 with the $398k proceeds, you would have had 29,008 shares in NSR which would be worth $563,640 today, which is $409.640 more than holding PLS (without selling).
And folks, things are looking better for Gold stocks than lithium stocks every day moving forwards.
As I said frequently
A DOG OF A STOCK WILL SHOW YOU MORE FLEAS OVER TIME.
A dog stock is an underperforming stock, whether you love it and believe it is investment grade does not matter.
WDS can be making $1 billion bucks but its stock sucks, so lets leave the emotions out and the market is the arbiter, whatever you may feel about it being right or wrong.
This is why I say Denial will cost people a lot in their investment. Unbridled faith in a lost cause.
