You and
@Pisces share my same sentiment, good to know I'm not alone. I never understand why people are so motivated to warn others of the dangers in the micro end of the market. We are adults after all and we're putting our own money on the line, not theirs. We understand the risks here and also the dilution process if the positive factors for the company don't occur. Collectively, I assume we probably have >50yrs speculating in these type of ventures.
I started buying below 9c, after watching it go from 20c to 38c and while liking the prospects of the company, thought it was too expensive at the time for what the company had achieved. It doesn't bother me if the price drops by 50% in these plays due to lack of market interest, I'll keep accumulating and my average thus significantly reduced. The chance of the SP ripping higher before mass dilution from here is very good and I'll be well into the green and off loading a few to help pay for my cost base. If not, I'll take a tax loss and move the money on, no drama.
I'm sure none of us are ploughing all our capital in TNR, probably a small percentage (the best lesson to learn in the begging). TNR currently are a lot less riskier than pumping heaps of cash into dimwits2.0 Pilbara rubbish (many will get a spanking there). Just because a SP is trending slightly negative doesn't mean there isn't significant value. In the micro space, it's usually down to herd mentality that drives small companies to stupid prices as the HC posts go through the stratosphere with the amount of thumbs up that accompanies the dribble of posters that proclaim how many sports cars and boats they're going to buy with their new found wealth - how many times have we seen this since the tech boom - and how many actually got that new found wealth? Typically, the individuals that make the bulk of the profits accumulated before the hype, were down +30% and were mainly talking to themselves on HC for a great period of time. The same individuals usually exit most of their position too early and move on to accumulate elsewhere.
I'll keep buying here and patiently wait for HC punters to swarm on mass before giving them my shares too cheaply (in their minds only) as they DREAM of buying all types of material possessions to show off to their friends and family.
And then their is the small possibility that Matt and Co find a deposit of real significance, then I'll hold on for the f#ck you type of profits that come from being way too early!
