Private placements in bear/neutral markets underperform because timing is nearly impossible to predict; better strategy is to buy open-market shares of companies at depressed valuations when they trade below intrinsic value, rather than participate in placements where you're locked in at current market price plus dilution.
normativepending
Speaker
LukeEvidence Quote
“but ideally you know buying a placement in a bad Market amazing but then only a year uh or less before the market turns but since knowing when the market turns is the most difficult thing uh you cannot really do that”
Source
The Biggest Problem With Junior Mining, the Story of a Mine Builder, and a Different Copper Porphyry— Resource TalksCreated: 8/13/2026, 4:56:03 AM
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