Post by
RuudinFrance on Feb 25, 2021 5:58pm
Diversification
There's no doubt that all of you know about the issue.
I've seen with somwhat close friends what happens if one is not diversified.
Don't bet the farm on just one company.
I hold 100K NLC at present and I know that some of you hold (a lot) more.
The missing 60K, of which I know that some of you know of, I gave to (grand-) kids.
Sold out my Shell position (3000) and cutting down in MRS, which did investors a good turn last week.
Presently 100K in each of NLC, PIPE, BYN and 83K in VGLD (working on this last one).
Diversified into three sectors that I have faith in (one might believe, after some DD).
Don't tell me to mind my own business, but take the thought into your consideration.
Reject it if you like, that's fine too, as long as you pay it some mind first.
Have fun.
Comment by
Eric35 on Feb 25, 2021 8:09pm
NLC have a strong team that is well structured financially and everything but the only big problem with this company is the government of argentina. I sold everything for $ 3.35. I hope for all that NLC will succeed
Comment by
tiger2201 on Feb 26, 2021 9:40am
Hi Eric, I believe Chile is even worse. High Tax, Water Issue, Community Issues. Some of the companies who have projects even cannot not get drilling permits. Who EV sector is in correction mode, I am just sitting tight. tiger
Comment by
Eric35 on Feb 26, 2021 10:28am
Hi Tiger, Argentina are unable to repay their debt. The government wants to pass a law in March for lithium in order to create a complete chain in Argentina. This is perhaps precisely what prevents ML from being acquired. It is too risky for me. I prefer to put my money elsewhere. Nlc very good project but Argentina can become the next Bolivia.