IHL (ASX) General discussion

Originally posted by lovethespeccies: ↑

absolutely correct, however other than family and your own health, there's not much more personal than your own money. Any decisions made by others that see you lose some or make less of it....I would expect to be taken personally...especially when also seen as unnecessary based on the AGM and other correspondence.

Still, those who were unhappy...instead of selling out, probably should have (if they were able) topped up and evened out their buy price anyway. Buying at 14c a whole lot better than crying over a 20c mate's rates CR it seems. Certainly the oppies seem of no value right now...but let's be fair, if they are reasonable value at the time, then everyone is going to be happy because we'll be at that price (or close enough to it to make them worthwhile).

PS...this stock's threads seem to be a lot less combative than others. I'm liking the reasonable discussion held.

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The money is gone: when you buy shares, you give away your money and receive a piece of the company, and a very small say in how it conducts its business. I get it: that's easy to accept when times are good, and far less so for some people, when the market drops.

If paper losses make some people panic, or get angry, to the degree that they can no longer rationally evaluate how the fundamentals of the company are evolving: the solution isn't for them to be told they are right to take paper losses personally.

If a prudent decision to enter into a deal that is more advantageous for an institutional investor makes people feel personally slighted, despite the exceptional confluence of macro conditions and economic forecasts, again, the solution isn't to encourage that perception. Right now, the forecasts are vindicating the decision the BOD made, so what is the anger predicated on right now, except on misplaced frustration that should really be directed at the macro conditions and the very nature of capital markets?

The BOD can't decide to risk turning down that kind of funding when analysts largely agree the next two years won't provide more favourable raising conditions. They also can't bank on next year's milestones durably improving things either: they may, or they may not. A bird in the hand is better than two birds in the tree.

The FU, if we want to find one, is in what covid is doing to the world, what Putin is doing to the world, what Xi is doing to the world. But people find more emotional satisfaction in blaming people closer to them on the chain of causality. Macro conditions are amorphous, impersonal, and give a sense of being beyond our control. The BOD however is close enough and personable enough to us that we feel comfortable projecting on them our ire so we have a more satisfying emotional outlet. It is human enough to do this, but let's not fool ourselves into thinking it is correct.