Salt in the wounds every now and then adds to wisdom provided we are still alive and standing after those unkind cuts. This open warfare has definitely claimed plenty of victims. Glad I am not in margin lending this time around and I always thought what I lost in margin lending during the tech crash was big but guess that was chicken feed compared to what we are reading and hearing now. These guys lost tens and hundreds of millions of dollars. Just imagine, the boss of ABS went from over $300 million last year to only slightly $4 thousand left in shares of that company. Like I said before, avoid margin lending at all cost.
HGO is lucky this time as the amount involved in Opes Prime is quite insignificant. Otherwise HGO will go into trading halt like the others. Moreover we saw a slight increase in s.p. today too. This is a very good sign.
Imho, the worst should be over because those who have sold out for personal reasons have done so already. Those of us left behind are still breathing and swearing and cursing. How badly injured depends on how big your rice pot according to the Chinese saying. The bigger your rice pot, the more burnt rice. I got plenty of burnt rice, bloody hell. Can't sell them off as fried rice too. And plenty of extra grey hair as a result. But it is good that we survived to fight another day. Got to be positive.
April should be very good for HGO as I understand that all the paper work and funding will be finalised and announced this month. Hopefully our wounds will start to heal in double quick time. And no more ambushes please !!!!! One more deep wound and I will be finished - salt or no salt.
Chin up everyone and good luck.
HGO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
