"Thanks Stan and likewise. I too wish you all the best with your investments and hope to see you back onboard Zelda again soon."
@TonyIndo there's a chance you may see me back in ZLD at some stage. Of my investments in MM stocks ZLD is the one I've done the best out of. Luckily got in at ground floor and sold out for quite a bit more (above where sp is even now). So, there's no sour grapes for me as far as it's concerned, I just thought that ZLD's sp kept being pushed up on what I thought were anns that should have been viewed differently to the direction the sp was heading.
My concern with ZLD and the whole ASX MM sector is it reminds me of the dotcom bubble of 1999-2000 and we all know or should know that only a small number of these will succeed and the majority will fail. Admittedly when all the sp's of the MM stocks starting rising I got excited, but within a week I started to think, hang on, whenever there is a boom, there is inevitably a bust. And when stocks rise largely on hype without fundamentals to support the market valuations, trouble is never too far away. The part of Warren Buffett's saying, "be fearful when everyone is being greedy" has been foremost in my mind.
TBH the reminder call for me came when MXC stopped the music for their shareholders, at least for the short term, by announcing a CR. From then I started to be very mindful that all these MM stocks are likely to ann CR's. With this in mind, and as I said reading and drawing conclusions from ZLD anns I jumped ship to CPH for what I thought were sound reasons, but alas I still got caught
My intention was to make people mindful of the facts & possibilities and remind that all these MM sp's have risen mainly on hype without substance. As is commonplace here, some will question my agenda, but it is possible for someone to operate with an attitude of abundance (plenty for all) and paying it forward (what goes around comes around).
@TonyIndo you seem to have taken my posts in this context, and I note you are prepared to listen to other points of view, which IMO stand you in good stead to make good decisions. I've appreciated the manner you've approached this discussion and I sincerely wish you all the success with your MM stock investments.
As for buying back into ZLD, I'll consider it when they release some anns that, at the least, allude to the prospect of producing sales and revenue (making, instead of spending money). But hey, if i'm so smart, why am I about to take a haircut on CPH???
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