Some of us are not "knee-deep" (or deeper perhaps) in this stock - in my case, having recently re-entered (although I am a few cents under, but quite content with the outlook); and some are perhaps sitting on the sidelines waiting and watching for the best opportunity to get on board.
Clearly, existing holders have taken a beating over the past few years, with two sets of management failing to provide the direction and/or luck required. No one - absolutely no one - knew the outcome of RGN1 in advance, so to blame various people for this outcome makes absolutely no sense at all. But some will try.
MIN have a 20% stake in a company that is clearly undervalued (relative to intrinsic value) at the current share price, and I guess the immediate question is are MIN looking to maintain, decrease, or increase that stake. Who knows. But clearly, there is more on the horizon than in the rear-vision mirror, which begs the question: when is a good time to get in?
Am thinking these low to mid-20's represent some decent value. Am I the only one that thinks this?
Happy to hear opinions from both sides of the camp on this (but really don't want the usual whinging about boards, managements, etc - heard all that rubbish before, and have grown mighty tired of it to be frank).
Best regards
Kit
EGO Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held