MYG 1.41% 72.0¢ mayfield group holdings limited

myg gets a mention in the australian today, page-17

  1. 24 Posts.
    Hi guys,

    held myg for a while (feb 11) so hopefully you won't mind me adding my 2 cents...

    A pretty positive day for myg. The reason I got into this company was that it was recommended by the ceo of another gold company as a quality project led by quality people. Obviously I did my own research and liked what I saw.

    Given current market sentiment and world economic conditions, I would be lying if I said I hadn't thought about jumping ship at a significant loss with the intention of getting in at a much cheaper price.

    Two things stop me from selling:
    1: I hate selling at a loss (probably need to get over this one)
    2: I have great faith that in the long term, this company will be a winner.

    In fact, rather than selling (as I have with another share), I have actually topped up in the 8's to lower my average.

    Ir may be a bumpy ride, but I am hopefull that in a years time we will all be selling (or holding) at a good profit with a much smaller CGT bill.

    The fact that the company had the the good sense to release a positive announcement (even though it was nothing really new) on a weak day is a signal to me that those in the power at MYG are very keen to keep the share price healthy.

    A small thing maybe but a good sign none the less IMHO.

 
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