No worries Wasabibarako. Thank footy, not me. It was good to watch it again - keeps me focussed.
For those that have not watched it, it is a long interview which starts at a more global view of how things are.
Forgot to time it but probably 20 minutes in before Frank Giustra talks about the junior resources and how to survive in the current market.
Frank admits to thinking he was a genius buying many stocks 12 months ago at bargain prices ......then watching them go down in value by 50 per cent or more. This is a Billionaire remember and one who made his money in resource stocks.
So, you need to watch the whole interview (about an hour) to see why he believes in his strategy - but his strategy can be summed up using his own words:
Be goal focussed and really believe in your goal
Pick great assets
with great management
that have grossly undervalued resources
then hang on until things turn around - and this could be years.
If you can afford to buy more and average down (you have to truly believe in your goal and be truly focussed)
Now, for me, that is what I am doing (on a smaller scale due to money being restricted) with TTE.
It has great assets, great management and it has grossly undervalued resources. I stay focussed on my goal through all the BS that gets posted on this and other threads on HC.
I highly recommend people here watch this video, as it may re-confirm for you, why you are in stocks like TTE....as long as you are taking a LONG term view of TTE.
The DTs and short term traders are all about the share price and nothing else so it is totally different strategy to theirs and not suited to them.
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Last
1.9¢ |
Change
-0.001(5.00%) |
Mkt cap ! $11.98M |
Open | High | Low | Value | Volume |
2.0¢ | 2.1¢ | 1.9¢ | $10.59K | 536.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 559770 | 1.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.3¢ | 217391 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 559770 | 0.019 |
4 | 241731 | 0.018 |
2 | 200800 | 0.017 |
5 | 380206 | 0.016 |
1 | 1000000 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.023 | 217391 | 1 |
0.025 | 9624 | 2 |
0.026 | 263379 | 3 |
0.028 | 75300 | 1 |
0.029 | 7500 | 1 |
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