This company does not come without risk. Many of its affairs are unsettled as of now, but that’s what provides the attractive discount. If you’re willing to take on a little bit of unsureness, European Metals could be a lucrative option. For short-term holders, initiating a position now could provide strong returns over the course of the year as it clears a host of important developmental milestones. However, the long-term play remains my focus.
Personally, the rumors of a listing on the NASDAQ have caused me to wait to initiate a position. I would rather purchase the security domestically, though if it seems that the offtake agreement and DFS will come after this, I will likely decide to initiate a smaller position before then. While I do believe that the company will ultimately prove successful, it is still important to note the chance that they are not. The risk is what creates the discount, but the discount obviously exists for a reason.
Successful Trading is the art of minimizing long term risk and maximizing capital allocation.
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution • GDLG • Jul 26, 2024 12:30 PM
Southern Silver Files NI43-101 Technical Report for its Updated Preliminary Economic Assessment for the Cerro Las Minitas Project • SSV • Jul 25, 2024 8:00 AM
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM