General Discussion, page-1629

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Crosby

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23/03/23

07:27

Post #: 66911947
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Originally posted by Poodleface: ↑

For sure..

think of it like your own business.. not like an abstract three letter code on the asx that you can dump with just three clicks of a mouse because you unexpectedly filled your diapers in a hurry.

yeah you can trade these things.. and good on you if you do but that's got its risks too.

if I looked at it as my own business id be saying yep.. there is a great demand for my product(s) and the future demand looks pretty good too.. I am well funded, no finamcial issues in the near future,.. I have a great team with great goals defined that will add great value when achieved and have potential of more than one revenue or growth stream to help diversify the risk. Im Sleeping easy. Don't sell the company because of a bad week or whatever.. stick to the plan. . Buy more of it even. Who cares if it's down on pper terms. It still has great prospects

certainly there are challenges and the market has taken a down turn but there is more than just pure demand for the goods.. there is a political need to secure supply of rare earths for various reasons and that in itself is reason to have some confidence but on top of that the grade or quality of product is higher than average so with all things being equal this will give us a competitive advantage and when the clouds clear, as they nearly always do, a nice little push.

Yes there is some head winds at the moment.. but it's not like it's with this company in particular, more the overall investing sentiment and you have to ask yourself. If I take my money out here where am I going to put it? Are you so sure it wont be diluted or decimated in some other flavour of the month investment should it fall out of favour? Or maybe youll end up carrying the can in some other investment because something turna up that presents a greater challenge? The fundamentals are still strong for us here in the big picture here despite some bad weather. You can't print rare earths or gold

as one other poster alluded to.. this is where money is made.. and it's true. Yeah you can try to be some hero that picks the bottom.. so what?.. if you get it even roughly right from a long term perspective you will be well rewarded for your patience .. You may hold from far less than a bottom picking scenario and you can do well.

Good luck picking your bottom if that's what you do crosby.. there are other ways to find gold than just trying to finger that tsrget. But i wish uou well.

there are a thousand buffet quotes you could put in here to support this point but two come to mind..
to be be greedy when others are fearfull amd fearful when others are greedy, its almost a cliche now.. but still very true.... and if you're not willing to own a stock for ten years ,don't even think about owing it for ten minutes

at least I think he said that lol.. someone wise did.

and just cos it made me laugh.. his grumpy ol mate Charlie munger said something like ...
if you mix a turd with raisins you still have a turd..

Thankfully the dreadnaught doesnt mix the two.. the turds are sent to where they belong so we dont have to worry about them mixing.

just weather the storm and the value will become apparent It will take care of itself in the long term I believe.

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fearful when others are greedy, couldn’t agree more, and that’s why you sold at or above 10c

DRE Price at posting: 5.8¢ Sentiment: None Disclosure: Not Held
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Last 1.6¢		Change 0.000(0.00%)		Mkt cap ! $59.72M

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General Discussion, page-1629

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