Is A Cautious Approach to NanoXplore Now Warranted?You have to decide that for yourselves.
It's painfully obvious though, given the clearly continuing downward trend in the GRA share price, that plenty of other GRA shareholders have elected to and are consistently electing to either entirely vacate their respective GRA equities positions or certainly greatly reduce any previous far too great exposure to their respective GRA equity positions.
Given this current "business development investment phase" and all that such a increased company expenditures period entails, I am maintaining far too much exposure to NanoXplore equities.
Unless and until the GRA share price drops lower than a share price entirely representative of NanoXplore's "then existing cash on hand", I won't be buying anymore GRA shares.
At some point going forward, another equity raise could be undertaken by NanoXplore.
This is something which is highly likely when the company's representatives actually acknowledge where the Canadian and North American economy has already been destined to be headed toward during the remainder of this coming 2023 and where the equities markets straight accross the board could be taken to.
This would be as a result of the net negative equities markets effects attributable to what would be likened to a coming tail end collision and equities markets whiplash inducing event, i.e. a economically quite destructive influence which has already been set in motion by a then nearer to 2% and a now closer to 6% interest rate and now much much higher credit rate environment.
What we have here (". . . is a failure to communicate", lol) is a intentionally created and quite pejorative intrest rate environment which has been created in less than one year.
There is a most specific price to pay for taking interest rates from nearer to 2% to nearer to 6% in less than a year.
The Canadian economy would clearly demonstrate such a toll. One expects a specific segment of equities issuers participating at the North American equities market would naturally be most pejoratively impacted and their respective share price would be demonstratively impacted accordingly.
Clearly, I'd bet on lower lows being established, i.e. should NanoXplore not have any GRA share price defending and aggressively countering "tangible deliverables" to publicly disseminate going forward during the remainder of 2022 and especially as we progress deeper into 2023.