GREY:HGGOF - Post by User
Post by
goldenriviton Dec 08, 2022 2:35pm
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Post# 35159873
If Darwin is wise
If Darwin is wiseHe would be likely to see the companies efforts did not produce any market cap gain in 2022 even with great drill results.GWM suspened its drill program as its very good results gave them no capital gain in the markets.Some think as I do a stock crash is very likely in early mid 2023 as interest rates have rose so fast that the consumer is now taping savings as Jamie Dimon CEO of JP Morgan to try to make ends meet.All of this inflasion and rising interest rates are going to flush out the Zombie companies and households.There is no point in trying to be a hero drilling for the sake of news that gets ignored in 22/23.Capital in the bank of HIGH should stay there until the coming shake out is over.I for one would rather not see the cash spent on drilling even at JT until the coming storms passes.Darwin needs to be aware of the trap JRs fall into that being forced to issue stock at ever lower prices.HIGH can survive the crash if HIGH sits on it hands until drill results in general boost stock prices again.