Hey Strauss, with 12k posts I'd assume you knew everything about baggers.
I bought some at .4c and sold my last parcel at 3c, so that looks like a 7.5 bagger. But I also bought some for 14c in 2010. Overall I made a return of 20% on the max outlay over a max period of 4 years or 5%pa. Not one of my best investments!
At their lowest, they had so little cash and were doing so little they nearly lost the tenement with the manganese. Holding then was most risky. After they were granted back the tenement, I believed the risk was mitigated by the AGO half ownership. AGO drip fed them enough to stay afloat. When AGO sold out to a group promising to speed things up, I expected a move but was surprised how far it went.
New investors are cautioned to look at the funding structure and do their calculations carefully before betting the farm.
SRR Price at posting:
2.5¢ Sentiment: None Disclosure: Not Held
