Post by
cupricity on May 22, 2024 5:20pm
Ole Slew.
Nothing emotional about it. 4 dollar share price would have been fine at 4 dollar copper. The market is however emotional. You buy something for 60 cents. It's worth 4 dollars. You are excited so you sell because it's a good profit. Nothing wrong with that. And copper could easily go down to 4 dollars again. Florence is running by Christmas 25. When you've been a shareholder since 2010 that's not a big deal. This may test 3 dollars again, or it may not. I don't see anything else in my cupboard that's trading at 1.5 times earnings in 2026. So I hold.
Fluff sold his shares at 2.75 to buy NCU. I can imagine that TKO would be able to pay off all their debt by the end of 2026. I can imagine 6 dollar copper by 2025. I can imagine the oversold status coming back with consolidation around 3.75 on TKO considering we consolidated at 3.30 TKO with copper at 4.40. I can remember that this stock was over 6 dollars in 2010 when New Prosperity was in play. I can imagine that New Prosperity will go forward as the money is there finally.
I can imagine New Prosperity being worth 4 or 5 dollars a share on it's own.
I can remember TKO being 50 cents, and 7 dollars. I can't remember them ever having a second mine imminent with C1 under 1.50. I also can't remember copper at 5.15. Short sales aside resistance at the old high is now support.
Keeping in mind that interest rates are dropping, AI is taking jobs and making everything more efficient, electric vehicles are now cheaper than gas vehicles in China, and solar costs dropped 50% last year alone I see a future of surging cheap clean energy where the cost of copper is easily sustained by the drop in other costs. Like switching lithium for sodium in batteries.
It is you my friend who is emotional having trash talked this stock at 1 dollar, 2dollars etc. Stop projecting and start investing.