SB,
I haven't ever noticed any of the long termers state that they have traded the shares at high prices. Even talking to some of them last year, the belief in just holding for the long term was rampant. Some have bought more and averaged down (which is actually averaging up compared to what they originally paid). However there are many that watched the huge rise and then fall and did nothing. I'm not saying they purchased at $10, but they held when the SP was $10, and all the way back down.
If they had sold half their holdings at a terrific profit, even when the price had fallen from $10-$4-6, they would have great fire power to repurchase many more shares now. The problem is people just believed, even when it was obvious they shouldn't have. (especially those at last years AGM, with the DSO promises etc, or when mining and processing didn't happen in 2012 after the 2010 (I believe) promises/statements.
Getting this type of reply from Dossa.....
".nothing funny about that, and certainly people don't need the constant (joyous) reminders and manipulating of figures of the laughing brigade"
....could not be further from the truth. I'm not laughing or joyous at the amount of money lost by a lot of good trusting people in this, and havestatedso on many occassions. If Dossa had bothered to read some more of my posts, he/she would see that I find great distress in not being able to really say what I think of management, backed up with what they stated last year, because it would be denied now, so my word against theirs, defamation etc. Yet there are people here that just believe and continue to lose money.
CDU Price at posting:
$1.34 Sentiment: None Disclosure: Not Held
