Thanks for the support. I should have done what I was preaching because of my previous lessons that I have learnt over many years of investing, but I didn't.
The reason I didn't, was because, as I wrote in another post, was that at the very minimum we were going to get a 30mt of measured resource at around 2 or 2.5% copper. Taking that in full consideration, I worked out that the sp at the time was a real projectd amount of it's value and that as such I wasn't going to be suffering any drops in the sp. I, along with Seedyewe, said that if the shares were to reach the $10, I, more than likely I would have sold. Unless we were mining at the time.
That amount of JORC in the form of a "MEASURED RESOURCE" was stated on these threads a few times by posters, and was also verified, I belive, by WM himself with the announcement that we were going to mine for 10 years at 3mt per annum and at that level of copper percentage.
Never did I expected what we have got and been dished out instead. As such I held for the simpe reason that we were going mining and looking forward for the long term divvies.
What this all misleading.?? Of course it was. Was it all intentional.? I belive so.
As I said my paper losses are big, very big I may add, (consider the amount of shares I own and you can work it out) but I am also lucky that I made some very big profits with the Takeovers of PES and AOE.
Good luck mate, and thanks again.
Buddy
CDU Price at posting:
$2.13 Sentiment: None Disclosure: Held