1Sem.
A company that hasn't gotten anything done for 20 years except tell one hype story after another, issue shares and pay the management?
Good luck!
Good luck!
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@Epi Do you know your way around the mining sector? Do you know what the main risk factors are and why projects usually fail?
And if so, what about explorers? What is your experience in this area?
Sorry, but your comment is simply unnecessary. If the political framework changes, you will of course have to reassess the project.
And if you believe that you can get high returns in mining without risk, you'd better keep your hands off it and invest in ETFs
And if so, what about explorers? What is your experience in this area?
Sorry, but your comment is simply unnecessary. If the political framework changes, you will of course have to reassess the project.
And if you believe that you can get high returns in mining without risk, you'd better keep your hands off it and invest in ETFs
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•1Sem.
@Part_Time_Joe Let me answer your question like this: I briefly held the share in my portfolio in 2008. The story back then was roughly the same as today: "Approvals are as good as on their way." 😅
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•@Epi Yes? In 2008 there was no DFS, there was no CRMA, there was no off-take agreement and the geopolitical situation was different? So you don't think that the situation in 2025 needs to be assessed differently? The market does... and given the performance over the years, you can hardly call it hype.
The explorer segment remains a high-risk segment...
K92 Mining was also a penny stock that nobody wanted until the situation changed. While Barrick's management failed to get politics and communities on its side, the new management around K92 did.
And Euro Sun Mining can do the same. Who knows.
The explorer segment remains a high-risk segment...
K92 Mining was also a penny stock that nobody wanted until the situation changed. While Barrick's management failed to get politics and communities on its side, the new management around K92 did.
And Euro Sun Mining can do the same. Who knows.
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•1Sem.
@Part_Time_Joe The situation was slightly different, the challenges were the same (environmental permits) and so were the promises.
If someone doesn't get the same problem solved for 20 years, then it takes more than a repetition of promises and an improvement in "political conditions".
If someone can't solve their problem 100 times, maybe it will work the 101st time?
One thing I have learned from investing in Explorer: everything depends on the management and its track record. Both are lousy here.
But try your luck! Maybe you'll be the investor who catches the exact moment when the management gets its act together? But remember: the guys from back then are now 20 years older and already have their retirement in sight. 😅
If someone doesn't get the same problem solved for 20 years, then it takes more than a repetition of promises and an improvement in "political conditions".
If someone can't solve their problem 100 times, maybe it will work the 101st time?
One thing I have learned from investing in Explorer: everything depends on the management and its track record. Both are lousy here.
But try your luck! Maybe you'll be the investor who catches the exact moment when the management gets its act together? But remember: the guys from back then are now 20 years older and already have their retirement in sight. 😅
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•@Epi I would agree with you, but the management is largely new since 2022, isn't it? I'm not familiar with the management from 2008, but it's certainly not the same as today ...
Also, the insider buying in the open market tends to speak for optimism. Well, yes. We'll see how things develop
Also, the insider buying in the open market tends to speak for optimism. Well, yes. We'll see how things develop
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