Hey mlc Im glad Im not insane too, I was crapping myself buying back when they were 1.6c trying to bring my average cost price down. At that price the market cap was about 5.7m they had nearly double that in the bank. Hell, they might as well give the company away at that price.
There was alot more risk back then, but not after 8th of Aug 2011, there was basically little risk in this stock given all debt fixed and refinanced, cash levels up and support from Mirvac finance, it took another 2-3 weeks for the market to regain its sanity,mind you it might still have some way to go.
But Im not complaining, I might be able to retire off this stock sometime in the future, but then why retire, when you can have so much fun buying stocks like these...
Happy investing...
mypravda
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