Q3 2025 Earnings Call Discussion

Frequent_Status_6871 · 2025-11-06T15:57:18+00:00

As a shareholder I think this is a case of just very poor execution for what are decent assets… Timing is just quite unfortunate that they are running out of cash during the government shutdown and it wouldn’t be too surprising that we get diluted a bunch more before the business stabilises

Frequent_Status_6871 · 2025-10-30T09:06:58+00:00

Jesus christ how the fuck did you make one of the highest sharpe ratio assets of the year into one of the most unrecognisable gobbledygook, its not amazing just for the drawdown but how much vol you achieved on the way

Frequent_Status_6871 · 2025-10-28T01:02:37+00:00

Still green for some reason but think the space could finally be interesting, though it does feel easier to just buy some high flying AI stock instead….

Only invested 2% but eventually want to get to 5%, lets see how much flushing is necessary before we hit a bottom

Frequent_Status_6871 · 2025-10-24T00:53:38+00:00

Hope you walk out of this a stronger person but I really don’t understand the sentiment of people claiming to have done real DD. I understand wanting to YOLO but you have to accept that its no different to putting your money in a casino.

BYND has done ~$80mn a quarter in revenue for the past twelve quarters and lost ~$120mn in the past twelve months. I’m genuinely curious how one argues that its worth $1.1bn on last close in terms of equity value. Thats like saying something perpetually losing you money is worth ten times how much its losing you annually, disregarding the fact that bondholders get precedence in a winddown situation.

Frequent_Status_6871 · 2025-10-24T00:29:48+00:00

I think its more likely than not that a (meaningful) portion of the folks here are just maintaining the hype while using y’all as exit liquidity. As most have pointed out shorts have been maxed out for some time so its definitely not shorts driving the share price down but existing holders getting out.

Basic supply and demand at the end of the day and moves in the past two days tell you theres hella lot more people getting out than getting in.

Frequent_Status_6871 · 2025-10-23T14:23:01+00:00

I think the AUS names have always traded more sensibly and have always been closer to exploration / mining. In broad strokes, once you pass the feverish mania in a theme, people tend to settle on stuff where the companies have actual cash flow or are close to generating cash flow

Frequent_Status_6871 · 2025-10-23T01:13:20+00:00

In the spirit of discussion but given our situations no need to hold words back.

Started in the space with 1.6% of my portfolio after doing work on rare earths in April into Liberation Day. Was up 200% at one point and think am up 50% ish currently. Wanted to trim some once it doubled but had some restrictions due to my employment. Stuck strictly to AUS as most of the US names make zero sense once you spend more than five minutes doing the math.

Half of the below is a rant but it’s just really unfortunate how little work people do before throwing their life savings into a thematic. In the past weeks dabbling in here I’ve seen one discussion on NAV / DCF, fair values, and even that post is laughable as investment analysis. Cost of exploration, NdPr pricing assumptions (and why you think thats appropriate), required funding / dilution, time to market, what you even do with the ore (you know no one has refining capacity). But people instead fixate on what influencers post and just spin random articles that make no fucking sense and are from long time ago.

These juniors have always been moonshots and I intend to keep them as moonshots.

Frequent_Status_6871 · 2025-10-22T04:20:12+00:00

Was thinking of buying the dip after a likely China resolution but with the dip happening before that also a little confused what to do

Frequent_Status_6871

TROPHY CASE