General Neometals related news, page-3894

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Oliver87

70 Posts.

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02/11/23

01:19

Post #: 70678838
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Originally posted by BrucieKibbutz: ↑

Sorry to hear crab..... I'm now down 75% and very pissed off but still holding. It might be silly but I'm going to wait at least till the agm to see what I do after they let us know the plans. This is years of savings for me so it stings bad. Macro is the biggest killer of this I firmly believe and it might be a case of that turns and a lot of this is back on the cards, the tricky thing is when. Its hard to get people to care about the impact man kind has on the Environment ( which is the major driver of these projects behind dollars that is) when people are facing growing debt, 2 pretty major conflicts, rising cost of living, and a global growth slow down combined with a decrease in capital for financing. So yes while I do think management share a large portion of the blame for being too optimistic here macro is definitely to blame also.

And personally, Its a very hard lesson in sizing ones position in pre revenue entities and not getting too carried away with the vision of the company just because you can see the potential. I guess that's where the bulk of the risk lies. be early for the big gains or be late and settle for mediocre gains or the third option at the moment is be out and make safe money ( or still slide lowly backwards depending on your view of the value of money) in the bank. A harsh lesson definitely and unfortunately the second harsh lesson I have had this year with CXO being the first.

Good luck to all holders whatever you decide to do at the moment.

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You're not alone,.. I think there are alot of us who are down at the moment. I only have one stock out of 8 in the green at the moment. I think on a broader scale the 'macro' climate needs to improve considerably before we'll see general improvement in the market. I'm just annoyed that I don't have any spare funds to average down on a number of my stocks,.. and I think perhaps alot of people are in the same position.
I consider myself fortunate that I still have a job and don't have to sell holdings, but retired folk may very well be in a different position.

Specifically with NMT. In the current macro environment I don't think it's a bad thing for NMT to focus on the MB plant. If the process works today's share price will be nothing more than an excellant buying opportunity.

NMT Price at posting: 22.5¢ Sentiment: Buy Disclosure: Held
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