Bought more today. HIBL indeed!So here we are.
$1.74..... heavy heavy sigh.
Paper loss so far in the amount of houses in my neighbourhood off the high water mark.
And I know that there are others here with more pain and red ink than me.
We hate management apparently.
We hate waiting.
We hate ourselves for not selling.
If we sold we would hate ourselves for not selling sooner.
If we hit a margin call (or two) well... we hate our bad bets.
We hate feeling stupid.
One day, there will be a deal announced.
It will happen.
We will maybe be happy that management waited and crafted a solid deal.
We will love the publicity and the frothy buy-at-ask flood.
We will love the volume and the big double digit green rises.
We will love our perserverance and belief against the odds.
We will love being right again.
We hope it will be a great deal with great details.
If I was writing this in 2018, I would deserve a slap across the head.
It would have applied in 2018 too after that heady rise in 2017.
But we are in 2023 with permits.
EVs are the talk. Critical Minerals are the darlings.
There are discussions happening all the time now. Big names we believe and all indications are that there will most certainly be some sort of deal to move this toward a producing mine.
It has to happen soon. How soon, I wish I knew.
I am getting crushed financially here too.
It hurts like hell.
But I bought today.
Not because I love pain, but rather because this elevator will go up again and I want to actually be able to say that I did, in fact, buy low.
Maybe it means I need to buy more on Monday. Who knows.
Try to enjoy the weekend. Take a walk. See some nature.
One day this will happen. For many other companies, it would not be so sure.
Do your own DD but if you read this far you have done it already.
HIBL