GREY:RNKLF - Post by User
Comment by
Alanmakingcentson Nov 28, 2018 10:45pm
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Post# 29037512
RE:RE:Before Eric Sprott...
RE:RE:Before Eric Sprott...You must admit Currower that many here are clinging to "the experts" to bolster their buying decision. The relationship between the current incarnation and the past is obvious. As to the question about share ownership. Not at the moment. Will I in the future? Maybe.
Like many I was intrigued by the discovery. But I seldom buy during euphoria. I generally like to wait for a 50% pullback from the highs. That was .59. While I waited I researched the history of the project and the company. And read the billboards. In so doing I was not convinced enough to buy when it reached my target. A bit of that hesitation was generated by the naive comments from those emotionally invested here. I'm not sure any have really put their money down, and I don't really care other than sympathy for any who bought at a higher price. Hopefully the price will retrace and let them recover. I still feel the stock is expensive. $200 million is a lot of money in this market for a company with what has been proven so far. At one point if my estimate of the value and the actual price coincide I will take a position.
Alan
ps Sprott invested last year in Inwentash's latest venture. It's off 90% from the highs