Was an avid fan and trader in both AVO - Avoca & LGL- Lihir, both quality companies both sold for very very little for shareholder benefits. Both struggled in the price range $1.00 - $2.00, very cheaply.
l am amazed how little has been spoken about recent events (circa 08/09) when our mining industry was in dior straits and how quickly we recovered & boomed?
What's different now?
Back then in 2008, company's where tightening their belts, projects were placed on care & maintenance, staff sackings, projects cancelled, even whole towns shutdown, and the media were reporting its all over.....
Then a very surprising boom occurred, copper recovered etc. etc.
As this is only my second boom & bust, looking forward to seeing how this plays out.
