Value of a penny stock

What makes it irreplaceable?

Penny stocks that actually have something of value are very precious and just need a catalyst to get it to the next level.

Instead of thinking about it as how many times my initial investment will I make, or how much pounds in provable reserves it has, or a contract they have with a name brand like Apple consider asking yourself would you own and operate it?

Would you take your life savings to operate a business like that?

Colton , a wealth management advisor, and Substack writer filled with some useful ideas, wrote earlier that a customer of his bet it all on a mine and earned generational wealth. Lucky? Maybe, but they operated it themselves and gave it the love and tenderness it needed before the big payoff occurred.

If you do that with a penny stock and you have no control over your destiny you have to do things with that in mind.

But the first thing, the first rule, in my humble opinion, is ask yourself:

If you had the money or can raise the money do you see yourself life career running this shit show.

Because it will be a shit show until its not.

Once that’s out of the way, will you take your money and entrust it in management that has your vision or just in it for stock options until the next venture?

(They are just one press release away from riches)

Three, do they have the money and investor base to keep it in tact until paydirt? And no loan from a Exxon or Glencore type megalith.

It’s important. Those megalith companies are in it just for themselves. Haven’t you watched any movie the past 100 years. These are the old evil bogeyman of any David vs Goliath movie. The Mr. Potter in “It’s a Wonderful Life.”

In a later post, I plan on sharing with you some of my adventures and many misadventures in this realm of investing.

But as the day is short, I’ll leave you with one idea as I was writing about my adventure in Uganda.

You know that Uganda where Mamdani is from, the broadway hit “The Book of Mormons” visit, and Idi Amin and Academy Award winner, Forest Whitaker.

Uganda is a very rich in minerals but it’s landlocked and foreign miners are not known always to be profitable there (more on that later) like the service providers.

But I stumbled on this company yesterday and it’s truly a penny stock.

Blencowe Resources

who happen to have a large graphite deposit over there.

The timeframe they presented shows they bought proactively at the bottom of the cycle which is amazing and now 6 years later have real reserves.

And even the US government was a piece of it

They have a few million to keep things going

And they have a budget they’ll need to get to.

What I don’t know and would love to hear from you is about their management:

The stewards of our project.

So the market cap is about $50 million dollars but the shares will be diluted as the stock rises for the capital raise.

Since it is an OTC stock and trades in London the liquidity and visibility to Americans are low so you are most definitely buying value.

Well, something to watch and observe, and I truly hope you have a powerful day.

Regards,

Eric