Future is for the True Believers, page-6

Well said mate.

Many of us aren’t holding the stock for a bag or two, myself included.
10 x from these levels, IMO, is very possible, even likely from these levels, in full production (assuming everything goes to plan).

I was transparent about trading and taking profit on the last run to 40c (a rise like that was always going to consolidate heavily) ... but the PPL was always my biggest concern.

Now, assuming no changes in company direction or a clearly overbought price run, I don’t envisage selling a single share until we’re above $500M MC. Not financial advice, as you should always take profit in line with your own circumstances and risk profile ...
Plus i also have many more shares than I did back then.

A project with these economics, pending the right people on the team, shouldn’t have any issues getting funding IMO.

Huge returns is why many of us invest in nano/micro cap stocks ... and although the statistical probability of any spec stock turning into a producer is incredibly low, those that do, tend to make shareholders very wealthy.

I encourage all shareholders/potential shareholders to do the following (if you haven’t already) :

- Read through the latest announcments. Read wording carefully, check out management incentives in resolutions 13 and 14 of last year’s AGM.
- Watch the latest interview with JP (linked below)
https://m.youtube.com/watch?v=7Uft27A1Snw

- Call the company, and ask any questions you may have (or even just to get to learn a little bit more about the team). A huge misconception in the spec sector is that management in stocks don’t make time for smaller holders or potential investors ... this is flat out wrong.

There may be a small number of companies that communicate poorly with holders on a personal level, but I can assure you Tony @ LCK will make time for anyone when he can.

In other companies, I’ve had long phone conversations with management of stocks I don’t even yet own.

In the spec sector, the more information you can extract, the less speculative the stocks becomes.


All IMO, DYOR etc etc




Cheyne