but out price, page-124

Hatt has succinctly nailed it. This is how I view it as well. Some of the comments about all or nothing/don’t get too excited etc, are very subjective and are driven by individuals poor/unlucky/being burnt investment decisions in the past. Whilst potentially warranted by the psychology and experience of each investor in high risk / return industries, I can’t help but think that any objective review of the historical facts pertaining to RAC (ignoring its sector/industry if possible!), point to a very high chance of moderate investor success (P3), and a high-moderate chance of spectacular investor success (P1).