RE:Speculation Indexcan't say better Doug...
DouglasFir2 wrote: The fortunes of NRG are, as we all appreciate, tied in 100% to the identification of a minable reserve, and as shareholders we are quietly optimistic on the grade and size. We need patience though, as it will be a long road ahead, one cautious step after another.
What NRG doesn't need is puff and speculaton. A massive upsurge in price followed by a cave-in, and loss of confidence in the project. The SP should mirror the expected value of the asset which hopefully will rise over time
Those watching the charts might care to reflect on what's going on elsewhere. Moose Pasture Inc has been bid up. Money has followed money.
One stock I use as a speculation index is NDM. It traded at 60¢ in Jan 2020. And now at $2.00, a 3.3x rise, when nothing's changed on the ground as far as I know. And if Biden is in the mainframe for the job, the prospect of a permit in Alaska evaporates.
Those longs who invest, pick your horses and starting prices carefully.