Actually maybe you should look back at PGC we backed management in 2011 and were significant investors from that point only dropping down in October 2015 after a huge cap raising that raised more than its market cap in one hit. Really the fact that you have been here for over 2 years is irrelevant in the scheme of things. As of today that share is about 463% of what our initial cost per share was. Even today we think its undervalued but the market is just that a market. That's also not our only one we have others but at the same time we almost lost a lot of money trusting management in MHM - pure luck - that was also supposed to be "disruptive" pity that the process was not as easy as it was made out to be... We lost money on mining services...
I do believe that its got a great opportunity but I don't believe anyone knows or can do anything to truly value this opportunity and extrapolating blue sky turnover into huge 1000% increases in share price is exactly what I dont think is helpful.
Plenty must be hurting on this stock and as such even though we only bought in over the past few months we are underwater as well. I am sure that your expectations of both the share price and profits have not been met if you have been here for 2 years. The delays have a huge impact , its not just a delay its trust , its how much the company can surprise both to the upside or downside.
Really maybe its these I Know it all attitudes" that very frequently make me just move away from various HC stock forums... I dont think you are a glass half full type but rather the person spending the money before the deal is done...
AJX Price at posting:
57.5¢ Sentiment: None Disclosure: Held
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