Plenty of us are holding a few million dollars worth, it just depends on how you value your holdings. SP certainly not my method.
Intrinsic value is only reliant on long term V2O5 price and the NPV discount given to our offtake partner, determining likely on comp SOI.
No need to get hung up on daily market price unless you're in short term. Zero impact on what this is worth in 2022, 2028 and beyond.
Progress is what I'm hung up on. Ticking off milestone events is really all that matters. It takes patience because we don't get daily updates but but I can't think of one I was disappointed with. Maybe a few days late on the PFS or that top 20 I missed, but nothing of consequence.
Short term trading, in my opinion requires a decent hit of luck. At least the absense of bad luck. I'm not a particularly lucky person so I steer clear. Good luck if that's what you're here for.
I didn't get to do anything when the market said TMT was worth 80c, why would I when I see 80c EPS in 2023? It's nice when things finally unfold but a higher day to day SP doesn't mean much.
When it falls like this it starts getting intersting though, we get to do something, breaking up the patience game with action.
Down days will happen plenty over the next 10 years so no need to be surprised. I've thought it a number of times before, but today's buy is likely to be my best ever. Very happy accumulator.
TMT Price at posting:
39.0¢ Sentiment: Buy Disclosure: Held