RE:RE:Hey this is super fantastic/ positiveWell you're kind of damned either way with this stock. It's very illiquid and hard to trade. Buy-and-hold historically has not been a good strategy either. I've always viewed it as a medium term investment. I set basically a timeline and then with this stock it's always a moving target and their turnaround is always just a little further over the horizon and the goal posts are always moving. and I get suckered into holding it longer and longer :-) I agree generally with your thesis. $.40 is a firm floor. It really ought to be able to break a dollar but it is a show me a story and it has a lot it needs to show before people will put money in. US politics are as crazy and unpredictable as ever. Forget the midterms, the next presidential contest seems equally uncertain. It's hardly as if Kamala Harris is being groomed. Biden's age (full discloser: i think he will be totally competent/capable) for a second term will be a political vilnerability. I get that they have a big maintenance deficit and I knew their turnaround wouldn't be quick. However it was my hope essentially they would spend just what they needed to to maintain their historic baseline production and focus simply on reducing debt. I fear, as they have many times in the past for example in Madagascar, that they are banking on blue sky thinking in brighter days with consistently high nickel prices but I don't think the companies in any position whatsoever to make investments based on a future that might not come to fruition. I think they need to take a realistic base case and model their finances around that and I don't believe that's what they're doing. The CEO use the term "price dilution" when talking about fixed costs and how NDCC would actually drop with higher production. yes OK I get it. But there are risks involved in the people throwing the Hail Mary have no skin in the game.
satchmo6 wrote: thats why staying in for the long haul is best---why day trade and give money to the broker wears one down