Post by
Lotten on Sep 25, 2024 6:21am
Yield
If you had invested $1 million in Fortune Minerals in the year 2000, and at the same time kept $1 million in the bank, which of these investments would have yielded the best return to date? Or you can choose to take it from 2007, 2012, 2014 or 2018. The answer would be the same.
There are a couple of exceptions. If you were lucky enough to invest during the second half of 2015, or autumn/spring 23/24, the answer is not so obvious. But in the big picture, this share has been a big loss project if you haven't bought/sold along the way.
So why are some writers here on the forum praising this project year after year? What do they see that can lift this company out of the mud it's swimming around in? Yes, I know all about all these phrases about rare metals, the green revolution, and the capable Mr. Goad who knows the company inside out.
But does it help? The fact is that we have more or less stood still for the last 10 years. Some vague updates that give us more room for interpretations and questions than answers. And the probability that we will have to be patient for another ten years in a hopeless wait for shareholder value to be created is greater than the opposite. The company will probably be bought\taken over sooner or later, but don't fall into the trap of dreaming that it will trigger a bonanza of shareholder value, because it's not going to happen. If you're lucky, you'll get your money back, or perhaps a small profit. The only positive thing I can see is money to develop the project from the government in Canada\USA. You don't want to believe that they want to waste taxpayers' money on a project that will never see the light of day. Or?
My opinion