Hi sydney6791, I am not saying Duncan Saville was bad boy and want to rob the money from ERG's small shareholder. However he was value investor and he has to do his job. Who would be hurt indirectly, should not his responsibility.
It is possible ERG could gets a turning point after the restructure. However it is also very possible that the result could surprise ERG's small shareholders badly again.
You are a shareholder and do a lot of R/D. However it doesn't matter how good your R/D results, you could not say ERG would 100% be certain to reward your R/D.
The reward is important but not critical for a lot of traders and investors. The critcal question is how much risk you could afford. The reward is a matter big or little. But if the risk is unaffordable, it could be fatal.
ERG has been a dog for nearly 8 years. It was a high risk and crazy dog, which hurt not just little boys but big boy too such as Duncan Saville.
My question is if ERG surprises you again negatively, could you afford the risks it put on your head? I played ERG between 1996-2002. The 2 cent per stock is not risky but how much you put in? One of my friends has been trapped there for nearly 8 years. He hated ERG but he loves it too.
I had been trapped by ERG too. I could not get out in normal way. I destoried the trap by destroying my capital and admitting my failure.
Good luck. Yes 2 cent is different from $0.4 or $0.2. However if you were trapped, the pains and loves would be the same. So don't let you trapped and you will not lose your freedom.
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Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.451M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 349618 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 441176 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 349618 | 0.008 |
1 | 200000 | 0.007 |
1 | 250000 | 0.006 |
1 | 300000 | 0.005 |
1 | 500000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 441176 | 1 |
0.012 | 90000 | 1 |
0.025 | 199885 | 1 |
0.045 | 15400 | 1 |
0.000 | 0 | 0 |
Last trade - 16.12pm 23/08/2024 (20 minute delay) ? |
ERG (ASX) Chart |
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