Hi Sarg,
None of us are immune to selling out too early. Even the best minds in the business get caught out.
Josh Pitt missed out on cleaning up in a big way with Lionore after the Dalrymple takeover. After a few years of going no where i believe that Josh & co sold out around the $Aud 7 - 7.50. Lionore was taken over by Norilsk in 2007 for $Cad 27.50 / share. Equivalent to $Aud 31 at the time. Admittedly several years later Norilsk disclosed they had essentially bought a worthless company. But at that time no one knew that. Xstrata had done due diligence and bid up to $Cad 25 as well. Rob is in good company
Ann: Quarterly Activities Report, page-86
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