TSXV:FCO.H - Post by User
Comment by
weed2018on Aug 17, 2018 11:31am
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Post# 28477867
RE:hang on
RE:hang onneverending wrote: ecs will rise again. Maybe not easy to believe for someone who is running low, but look at the chart. This price will not be the same in a few years and the company will not crush, so there is only one way.
First time i bought this stock was 2012 for 0,34 Eur in germany. This time it was near the lowest price since years.
Direct after i bought commodities decreased and ecs (formerly known as formation metals) was really down for years. But i did not sold.
Years passed in depression but than business continued, commodities were discovered and the mine construction started again (They stored nearly all quip in storage halls).
The price burned and i sold between 0.8 and 1.2 Eur. Very great.
I never expected the price falling to 0.4 Eur again. But at this level it is impossible for me not to buy. So i started buying a few. If they fall further i buy some more.
What i want to say to all desperate: Hang on, the story will continue. It is not easy to establish a mine (i cant count how often i have heard it will open soon), but i take years to build all that needs.
Once a mine is running, this one supposdly 12,5 years, the generated cash flow is immens.
For me it is impossible to see ecs at this level a long time. Look at the chart and read old news. You will see the mine is developing all the time.
There is no missmanagement at all. It is the other way, they act very smart. How often big shareholders wanted them to sell the cobalt in advance to get some cash like know the australian funds. How often people told them what to do like they are fools. Unbelievable.
I dont know why ecs is falling this way, but in fact its not important. Buy some more or wait until it will continue decreasing and buy than. It doesnt matter, in a few years it will be again 1 or 2 or 3 bucks.
Good luck to all.
ECS is looking great.....
73-75 target