SPQ (ASX) Updates drill results

Originally posted by DavidW: ↑

Seeing you never cared about any one else's comment's Huf, then you won't be offended if I say that anyone will face scrutiny to determine the facts and subsequent outcomes on HC because its open discussion from which people can make up their own minds with regard to positioning their investment.

Ultimate responsibility lies with our own choices. There would not be a trader that has not been in your position if they are honest at times through no fault of their own, with a choice that did not pay off, even though it was based on the best information at the time. That's why its critical to look at how you manage capital to minimise loss and brush up on the TA where ongoing pointers lie until you are in a position to weather such shortfalls, which are often cyclical in nature. The TA analysis for SPQ has been pretty spot on with price prediction.

But at least on SPQ threads discussion has been respectful. Nuggie was not hounded off as you state, and I speak for myself. Some extreme comments made by him which you say were positive, were too far removed from the actual operations of the company. It was merely pointed out not to get too excited because the progress would be slow. Its been company history. The very thing you complain about was forewarned. But they have been methodical and keep delivering. I can live with that. It was a matter of putting slow developments in context where the rise in price would be steady, not a rocket to the moon. This has been the case and I have maintained a conservative view that has played out. Those companies that spike hard, statistically pull back hard. That creates more retail casualties who actually lose rather than break even or make a tiny profit while getting out if they bought into the spike because enthusiasm was over the top in buying frenzy. Better to make incremental profit where risk is reduced until the fundamental value can really be determined, then the share price will reflect true value.

While greed is powerful, fear has a greater effect in price fall because unsubstantiated sentiment is weaponised by market makers which compound its effect as reflected by blow-in comments of role players who do not hold. Simple narcissism.

Nuggie has come out and stated what he learned, but perhaps you missed that bit. That is the mark of a man. I can honestly say, he has regularly, given me thumbs up during his posting absence. His genuine interest and confidence has not waned, but his communication style has changed. So I think you picked the wrong example.

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I am in great admiration of the calm you bring to this forum.
We all suffer stresses from time to time and it is at these times that we tend to react in ways that are not as rational as we would normally react.
To be like an expectant child the day before Christmas is not going to bring on results any quicker.
My take on it and this applies to most/all companies, is that the investors whilst important, they are not a major part of keeping the business running. To me it is a good thing that management is so busy that they have minimal time...

And finally it is great to see Nugget back as he brought humour here and you can't beat that.

No.	Vol.	Price($)
18	3659041	0.6¢

No.

Vol.

Price($)

3659041

0.6¢

Price($)	Vol.	No.
0.7¢	2627637	3

Price($)

Vol.

No.

0.7¢

2627637

No.	Vol.	Price($)
18	3659041	0.006
8	8006009	0.005
3	1650000	0.004
1	1000000	0.003
2	2250000	0.002

No.

Vol.

Price($)

3659041

0.006

8006009

0.005

1650000

0.004

1000000

0.003

2250000

0.002

Price($)	Vol.	No.
0.007	2627637	3
0.008	1085000	4
0.009	2293190	7
0.010	2172666	6
0.011	2422618	6

Price($)

Vol.

No.

0.007

2627637

0.008

1085000

0.009

2293190

0.010

2172666

0.011

2422618

(20min delay)
Last 0.7¢		Change 0.000(0.00%)		Mkt cap ! $14.00M

Open	High	Low	Value	Volume
0.7¢	0.7¢	0.6¢	$6.657K	962.3K

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