RE:RE:RE:RE:Historical all time lowI have followed this company on and off and at one point the Frances Creek and another property is it has an extremely high pea assessment where when i calculated what was being said the figures per share value was way greater the then .07 trade price. From my recollection it was $1.25 to as high as $5 depending on the share factor i forgot exactly how i calculated. The problem is this the company right now is sourcing the minerals it needs and developing products where there is so far very little returns until things get into mass production. The company had some hype with raincage and it looks like products are coming to market.
The issue is the long market cycles a lot of which is due to testing i terms of efficacy and safety along with costs. Due to the stupid pandemic and high interest rates production and injection of dollars has legged. All stocks really are strong holds unless people saw a good return whatever it is to them and sold Buffet made his fortune on 20 percent year over year doubling out is very good returns. In any case, until rates go down i dont see much injection going into the market and the rates are not likely to drop until mid of next yr.
If people cant wait want money now better to take the 5 percent plus and try to get the longer terms depending if you want to lock and mot use or lock some buy the cheap stocks this is more and more attractive as i see it. In any case there is a long commercial cycle for products and a long one for the mining which requires permits and beyond that quite a bit of capital. From what i can see i am willing to bet management put off doing anything with the mines because it most likely felt it would be better to get some capital from the commercial sales versus developing the mine which would take time to get the medical minerals forgot what it is barium i believe used in xrays at least a derivivative of it where the few properties are stated to have good amounts as mentioned earlier. This is a tough situation. To potentially develop the mine even when this was trading .10 or thereabout there would be a good chunk of dilution no less than 3 million would be needed so you are looking at 60 million more shares when you factor in the warrants so the company probably decided to try to gain capital through product flow.
Now if the company has other extraneous properties like the lithium one and it really wants to stick to the medical it may be in the best interest to let that and other non medical related properties go or at least non medically related to the extent of focusing on xrays as it is likely other minerals like lithium could still be used somewhere in the medical arena...lithium is mostly a power source so more broadly to power medical devices so if it is looking at that or even evs no it will not be a great move especially if the mines are not developed typically from what i see you will only get 1 to 1.5 it isnt really worth doing not longer terms anyways but sure the company can raise the other 1 million or 2 but i wouldnt at less than .10 so i wouldnt bother selling those mines until the share value here is at least a dime.
Bottom line people will have to decide whether to hold out or sell. If you dont need the money no point selling if you do yes to sell at a loss is painful and i agree i feel bad for those feeling they need to do that. Having said that this is a buy and hold flip on a double near double which i suspect should happen at some point next year and hold a core. If i had shares i would hold half sell half on a double take my principle out. I did have but sold to pay off comics. I love what i see here but i will not buy further unless this company moves from carbon neutral to carbon negative as i tend to buy clean tech and i also avoid buying into medical due to animal testing. When i first held shares i assumed that there is no animal testing as it is xrays and i figure the company already knows how to use the minerals and the tech exists so no need for animal testing. I did not realize it had the properties until afrer i thought it was sourcing and developing products but when i read further it has the properties so since i already had shares from a business point i lauded it and carbon neutral is not bad but not quite so if there is no animal testing i will assume not and providing this company holds the properties and can find a way in the process to go from neutral to green i will be inclined to buy back in if not no.
i had actually just talked about this company in my last post on another site. Business wise leaving my preferences aside if people are patient buy at this level they should make money some point next year. If they are really patient understood how to take their principle out and leaving free shares behind i think they can do extremely well on those shares i do actually buy into the dollar values based on the pea assessments and my calculations in the past and what i recall as stated $1.25 to $5 however this will be caveated 1) the assessment is 100 percent accurate and true 2) the company is careful with its share structure and doesnt sell those mines 3) it will take no less than 3 to 5 years to get that going and more realized. The company has wanted to do something but to date as i suspect hasnt because of the money needed to get things going but funny enough people claim the Frances Creek mine is hard to get to saying there was no accessible roads as they were washed away that was what i recalled people going on about but why would you have that inaccessible of a mine and if it were the company had to have gotten to it. Nevertheless this is a government problem that becomes a company problem and if that is the case they will need to figure it out petition the Canadian BC government and that takes time so for the benefits from movimg from sourcing to supplying in house and potentially to others is a long road with lots of risks and the key with this and other stocks is to manage risks by strategically buying and selling shares. People can leave stocks hoping they have a home run stock even if they do i wouldnt risk 100 percent of my money and i say this because too many times i have seen profits as high as 20 times poof disappear but in my defence i openly yapped on the boards saying i would not sell shares for umder a share price just watch the values collapse. I said for a now defunct company Mission Ready Services i would not sell under a buck from..05 i did not it hit a buck and i said it is really worth $2 plus i will hold it collapsed but it did reach a buck from a nickel where people said i was crazy. I got some good stories where stocks did crazy shiate wasnt patient or didnt buy and they ran like mad but they also collapsed. I held exro starting at .25 i said it is a $2 to $5 stock people said no way i sold at break even .54 it ran over $7..pyr when it didnt get into what it did now i was saying potential wise $70 i bought .16 at first averaged about .54 i sold at cost still loved the shares it fell to .17 wanted to buy but i thought a stock i held would still out perform it by quantity even if pyr ran to $2...it ran to $12 a share that same year or early the following. So generally i would look to keep some s hares for such stupid runs thats pennies for you. But now i look at 1.5 to 2 times sort of i said strategically trade it will take too long to say what i will do but the gist is this i buy say this stock no more than say .04 as i believe in the coming year it can get to around .08 which i actually believe it will so lets say i look at .08 as the double but i look no less than .06 1.5 times when this hits .08 i hold but my bottom is .06 should it slide back i sell. Now lets say this goes to .10 i move my bottom to .08 stays above i hold slides to .08 i sell and so forth and so forth so while i say i look to 1.5 to 2 times out some profit i am speaking relative to whether or not i can keep pushing the envelope. People will do what they do i will not give advice a i am not qualified for starters b people need to know what they want and how to get it. If they truly believe they have the home run stock and have made money holding for their price far be it for me to say otherwise. My overall experience better to systematically and strategically build wralth to keep control in your hands and not to blame everyone and everything so as you strategically trade knowing your high and low trigger points stick to them on the whole you will likely be further ahead and less behind just going of my stupidity and expetience. Like i said Buffet built his wealth on 20 percent year over year where people like myself lose badly is not folliwing my triggers and sysyematic wealth building. This stock is atteactive at maximum .04 with the eye to possibly move .06 to .08 for me relatively speaking as what i said previously someone else may say i dont care i am selling to take profit straight away again people need to know what they want how to get it and even if the stock runs more and you sell full out be grateful dont regret you made what you were after and in time you will figure out ok i compromise instead of selling my full position on a double i sell half knowing i put what would have been double the principle at risk but i got my principle and sure i will gamble but i will sell at 1.5 times worse case to have the opportunity to more than double but that is the trade off in selling full out on getting the double and not feeling happy the stock ran to four times and it going less than a double. People need to figure where will they be happy and if you risk and lose will you still be happy if you did not risk and you would have gained more . One needs to get that straight with themselves nobody can tell them hence why even as a professional it is hard to give advice. But this is a decent buy and hold at no more than .04 with a near term meaning within next sell off .06 to .08 it should be able to get back up there but i am not promising nor am i saying to buy or not but if i philosophically liked it yeah i would buy in with what i know and see here. I certainly wouldnt sell as you have said at these low levels..this may still also possibly drop more where i would if i could average a bit more because i do like a .06 to .08 possibility which i think the probability is quite high to reach that some point next year i will say 80 percent likely so more likely than not. I have 0 interest here speaking as an unqualified lay person overall liked and still like what i see definitely more so than when i held it i was salivating at .07 then i saw .055 and thinking what??? Now these prices yeah they are attractive but one will need to wait most likely at least until half of next years these damn interest rates are killing the market and are not stated to go down until the mid 2024 but it doesnt necessarily mean on more follow through news like commercial this will not go up it most definitely will and i would take whatever price it is sell some shares as i have seen a very protracted market. But one has to decide how to deal. Longer term yes...decent buy in right now....sell no unless you really need the money the rest folks like i said you need to be clear in what you want how to get it and no matter if the shares run more and you are full out be happy be grateful and dont be a basher cheer others gains you made yours and you will comtimue to when being happy grateful and decisive good luck everyone even if i dont buy in this is a stock i love to follow because i do like what i see here overall and i would like to see if my moves would have been the right one..i will say i do believe if people buy here they will make money if they bought higher and they wait they may recover break even depending where they bought but no doubt reduce their loses i fully agree no point selling at this price point wait a bit regardless of any potential move down if it happens it will be temporary but should hold around the .04 point again lay person talking best assessment looking at .06 to .08 for the comimg year with a more likely than not potential to hit it. Good luck all...this is an interesting company for sure management needs to keep dilution down and figure when it looks to start developing the mines and how to most effectively raise capital to do so to profit from them that is the key but expect at least 3 to 5 years for a shot at multiple dollars i am not ruling out a buck before then although the commercial side of what is coming no doubt has to be fairly strong for .04 you cant really go too wrong. Hard to call and why i say it is always best to strategically trade shares because you act in accordance to desired prices and keep adjusting the price poimts as i was mentioning if that is something you like or simply just do you and know how to get what you want glta