No worries
The market is in manic euphoria. For those not actively trading in 1999, this is exactly what it was like. It doesnt worry me in regard to GENMF because our day is here & a complete collapse of tech stocks does not reduce our buyout value, our production schedule, or our EPS if we can make it to production without being bought out. In this climate, stocks quickly fall in & out of favor as the manic behavior chases the next IN thing. We might drop to 0.55,it's possible. But the DFS is coming soon, followed by a Sibanye decision. Manic euphoria lasted for many years in the 1920's and a few years in the late 90's. When the end came, those stocks without fundamentals went down & stayed down. Buying the dips in 1929 & 1930 resulted in utter destruction. Buying the dips in 2000 resulted in an 80% loss. But that was for the stocks running on cocaine infused reasons for phenomenal prices. We aren't one of those. This kind of market might last until 2022, or it could end next week. We are seeing all the same excuses why high flyers will continue to go higher as we did in '99. For swing traders, yes, it's bad GENMF is down. But one only needs to hold 6 months to see a rerating of our price, that is worth the wait. The behavior of today's market in general rarely occurs, that is how we know it is so abnormal. If it doesn't end with a crash, it will be the first time in 500 years. But I'm not worried about trading in the 60's means we are only worth 60 cents.