Share
2,339 Posts.
lightbulb Created with Sketch. 1129
clock Created with Sketch.
28/09/20
13:29
Share
Originally posted by headbanger:
↑
CJTJ. You make a number of assumptions about me and all are incorrect. You and 1%aday appear to be a couple of young blokes who have caught the sharemarket bug. You are both enthusiastic and do a lot of research. I admire that. I mentor a lot of young folk in market analysis (mainly TA) and get a lot of enjoyment out of it. As I mentioned in a previous post I have made a lot of money and lost a lot of money in the market over the years. For the past 30 years I have focused on quality ASX 200 stocks and found this to be the slow but steady way to generating a fortune. It is all about patience and living long enough! The magic of compounding takes care of the rest. I have to confess to a major weakness however. I love dabbling in speculative stocks (aka penny dreadfuls). A decade ago I got on board the uranium boom early and bought PDN. I made a fortune out of that stock and it whetted my appetite for penny dreadfuls. A few years ago I reasoned that lithium was due for a run and became interested in LRS. At the time it was a fledgling company with 1 billion shares on offer at a couple of cents each. I got together with a couple of my geologist mates and we researched the South American holdings. The history of lithium in the tenements was good and the potential looked promising. The main negatives were South American politics and that LRS was undercapitalised and needed a JV partner. We looked seriously at taking a cornerstone investment in LRS but in retrospect I am glad we didnt. My opinion today is the same as it was then - good potential but too risky. We estimated that with Lithium alone it could potentially be a 1-2 billion MC company. Since then they have added Halloysite and now gold. I havent bothered to research these latter investments but I think gold is in for a stellar run and LRS could do well out of it. That gives you a bit of background on my LRS involvement. I have retained a few million shares and I hope it does well. I certainly have no intention of buying more. I have never been into up or down ramping. Your assumption that I am deliberately downramping in order to buy more is bizarre to me. However your and 1%aday by your own admissions are new to the game and yet you make wildly speculative positive comments about LRS. It is obvious that you have developed a large following of inexperienced, naive investors. As a messiah of sorts I believe it is my divine duty to warn these acolytes to be careful and to take all comments with a grain of salt. Nobody knows what direction the market will take. We can make educated guesses but at the end of the day, dealing in speculative stocks is on a par with going to the casino.
Expand
I'll take your comment "young bloke" as a compliment lol as to my age, education or experience you are way off the mark. I'm mid fourties, I have a masters degree in Finance, and I have been trading since 2002. Now that we got the ego and personal issues sorted, I'll tell you what interested me in your post, It's not your unjustified attack on us nor your Divine Duty. I'm interested to know more about your research on Li Catamarca Project. Don't tell me it's good, I know it's good but what research lead you to estimate an MC of $1billion? Do you know something that has not been covered in company Ann? You and your Geologist mates initially liked the tenement but not management , will you share your research here?