RE:RE:RE:RE:"Financial Engineering"I'm not worried, I continue to accumulate whilst the share price is near the bottom. If Electrum were a producer, then I would be leery as they own 40% of the shares. Electrum is an investor, albeit an institutional one. They have the same goals as you and I have: to develop Nickel Shaw and make it appealing as possible to potential suitors who need to replace ounces and pounds in their pipeline.
If Electrum does well, we do well. When I can buy shares below where Electrum has bought, then I am not setting myself up for disaster. Yes, if you have a higher cost basis, you have to average down if you want to hedge against possible loss come the end game. My current cost basis is about 2.6 cents USD and I'll get it down to maybe under 2.5 cents before I am done accumulating.
Very little risk at this point to the downside. Rick Rule has said repeatedly that nickel and the PGMs will be the play for 2025, similar to how investing in uranium a few years ago set you up for excellent returns in that sector.