GBG 0.00% 2.9¢ gindalbie metals ltd

now that is how to sell shares, page-88

  1. 1,566 Posts.
    FYI as a matter of fact, Michael I just bought AQG recently at an average of $3.35, I would not have been buying AQG in 2011 at $12.30 under any circumstances. At $3.35 with a .24 cent a share dividend coming, the risk-reward ratio with 291 million shares on offer and a prized non-Australian asset just developing it now represents reasonable value.(Sorry GBG holders not using your forum to cross-promote, simply clarifying a presumption made). Now, I believe in long-term investing as well, Michael, with all due respect to you, but going from $1.30 to $0.21 over a protracted period of time (it wasn't a drop off a cliff) is a bridge too far. GBG has not made one red cent up until now and does not qualify as a 'long-term share' that you would hold long term shares are normally investment-grade this is a speculative share, nothing more. I was badly burnt in 2008-09 as I'm sure many others were too. If you do not preserve your capital (muscle), you'll never have any chance to make profits (fat) or otherwise. Now GBG surely has a value, and I'll bet it is higher than 21 cents, but the market can be brutal and unforgiving and 21 cents is the going rate now. Also, it's interesting that most people who get upset with 'this sort of post' are those who hug a stock like a loved possession but the love is unrequited.
 
watchlist Created with Sketch. Add GBG (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.