It seems history does repeat. Throw out an anchor & the boat...

It seems history does repeat. Throw out an anchor & the boat eventually turns around to move back to that anchor. Buyer for every seller? Hnnnn yeah except that the sellers are meeting the buyers, not the other way round.
Great to see such balance here- none of the ‘caring’ types here reported the posts beating up friend spider-man for the crime of being enthusiastic? Spidey seems to be a bolder & a happy one at that. What’s wrong with that?

Great to see the market reward my reluctance to buy- even while happily admitting my error regarding the company cash position last week. Cheers to whoever it was that tried to help but there are other companies out there with more cash, more minerals & smaller market caps.

For some of us it’s all about comparative value & upside potential.
Buying Sconi for $10 million was a good move but almost every move since then has been far less than great. Multiple avenues of cash consumption with little chance of any of those avenues bearing fruit within 10yrs of the intial investment ( battery/alloy research ), is not indicative of true confidence in the core assets.

Comparatively speaking this is now an expensive stock with much less upside potential thanks to its small deposits weighed at a lower cut off.

Spending when you can afford to? Great. When you can’t? Please don’t.

All the talk of NAIF somehow not being related to the government has bee fun to read. A government body not being influenced/affected by what’s going on in politics? That was a new low in the heights of comedic posting. There are many projects for NAIF to consider.

If this project continues in its current form then almost any other project will also go ahead.
If this one doesn’t go ahead in its current form it will be no concern to others at all- it got picked first as the lowest hanging fruit ( zero $ down ‘partnership’ ), & seems to be falling to the ground as the rotten fruit is shaken out of the tree while low ( thankfully recovering ), metals pricing.

Something to consider with NAIF is just how important it may be to some as a stepping stone for them in their career & so they will be increasingly nervous about tying their wagon to a waning star... it’s a chicken & the egg situation with SK, NAIF & external financiers- they’re all waiting for the other to move but it seems none are willing to be that one to actually do it.

Spending money on Flemington at this cash position? Silly.
With no non core tenement to sell I’d like to see Sconi be the only focus of spending- put the battery/scandium alloy things on hold for a while & if it’s possible to pull some cash back out or at least stop sending any more to them.

Bergen is now in the money. Why buy bad apples when they’re cheap? If there’s someone standing around waving a 10+% gain at you of course you’d buy them- to immediately sell.

Over 50 million shares in Bergen’s hands & 160 ( ? ) million in the hands of people who paid 2.9 cents?

That tells us there is around 200 million shares to be sold at profit above 2.9 cents, with no new benefit coming to the company. Keep your fingers crossed for finance of some kind of a revised deal with SK- if it actually brings some cash. Others will seek better comparative value.

At 2.9cents or lower even the new ‘sophisticated investors’ will have to hold on so now it’s a case of waiting out all the pre-set stop losses. Then there is of course those with no stop loss set who just give up. Many of them won’t return.