Great post. That’s the irony of the whims of the market. I am sure many here (like you and I) invested in HMW because of the quality of the resource and the sensible, methodical nature its owners were going about executing their plans (which I believe is still mostly the case, bar some unfortunate mis-steps). Meanwhile, an absolutely promotional stonk like LKE with questionable management, a hopelessly low-grade resource, and complete reliance on commercially unproven technology was hitting $1B and at one point even $2B+ market cap.
Even after today’s death notice and a -20% fall, LKE is still $540M market cap compared to GLN at $311M. Per my previous recent comments, I think this speaks more to one stock being horribly overvalued rather than the other one being undervalued… So long as JP and co can keep the capex/opex down I am of the opinion that HMW will come good, but it’s pretty funny sitting back and reflecting that Lake has been a far better performer... what a market, I can only lol.
(20min delay)
