I’m right here mate, reading every single whinging comment you and James make. You are like 2 school yard children fighting over a lollie.
To set the record straight, I am no George. The way I run my businesses are based on different principles, far from what George has showed us. But does that mean he is wrong for doing so? Everyone can act like how everyone wants them to act, it would be impossible to do so. Do you really think George wanted to find nothing? Do you?
He like many investors have big money riding on this (ie. his capability of providing value, wherever he made find it).
You 2 crying over spilt milk isn’t going to help the situation, as for the individual who suggested going to ASIC and filing a complaint, good luck with that!!! The things mentioned above aren’t going to help anyone’s situation and please don’t get that confused with trying to defend George.
It just sounds like to me that you are investors that lack a certain level of experience or you have over leveraged yourself in terms of this stock. These things happen in a vast range of commercial businesses, and problems only arise if you have a management team who can’t get you out of a sticky situation. That is where I believe that George is the man for the job.
Remember, anyone can dig a hole and act like a hero.
As for your comment regarding my hiatus, I don’t post if I have nothing of value to add. I’m not here to clog the chat, I’m not here to defend George, I’m not here to play funny buggers. I’m here to make big money based off my investments decisions, and I believe once again I am in the right place. If you thing you are always going to buy a stock and for it to alway go up and make a fortune, you are all in the wrong game my friend. The one who make money here are the ones who stick to their investing principles and don’t let emotions or other people opinions skew their decision making capacity.
As I have said countless times before, you shouldn’t have money in the stock market you aren’t afraid to see disappear. If sounds like a few of you are on the brink of losing your house because George didn’t pin the tail on the donkey.
I commend the fact that all directors have been buying in times of adversity which some some level of confidence in their ability to deliver in the future. If you are thinking this is a quick fix, think again. If you really want to ride this one out you are going to be here for the next couple of years to see a true return on your investment, something which I think very few of you are capable of doing it sounds like. And for those of you who bought in at 6-7c, I would strongly recommend averaging down, we are not going to see those levels for a while, best to take advantage of those low SP levels or else I would recommend finding another stock to fall in love with. Holding with hope is not an investment strategy, sorry to break it to you all.
As for my analysis of where the stock is going, that is too early to say. I am excited to read the quarterly report and then a possible update about more drilling or a total change of direction. As for making fun of James for his comment on “going out and buying a resource” I don’t that that is out of the realm of possibility. Bargains present themselves in all markets, maybe George can pull a rabbit out of his hat. LETS JUST WAIT AND SEE I GUESS.
MRR Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
(20min delay)