News: AGO Australia's Atlas Iron names ex-Hancock executive CEO in board overhaul, page-61

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rowliegb

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26/10/18

15:05

Post #: 36275721
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Originally posted by HamburgerK ↑

Originally posted by rowliegb
I have no idea but if I were investing now I would look at the risks and potential rewards, weigh up what I thought the chances of a positive outcome were and then invest accordingly keeping a portfolio limit.

I have been attacked for being conservative but to my mind the first rule of investing is risk management not jumping on the bandwagon.

I never touched FMG because I thought they would go broke, I was wrong they did a fantastic job of cost reduction and spit out good profits. However in my opinion you don't have to pick every winner as long as you reduce the losers. Atlas was always a high risk high reward stock and at the speculative end of my investments.

Personally I think Hancock have a plan for the port allocation , much of the rest may be mothballed until such a time as it is viable. That is only an theory , they have time and money to wait. DYOR.
"I never touched FMG because I thought they would go broke, I was wrong they did a fantastic job of cost reduction and spit out good profits. However in my opinion you don't have to pick every winner as long as you reduce the losers. Atlas was always a high risk high reward stock and at the speculative end of my investments."

DYOR:
Then why would you buy AGO instead of FMG and spends hours on the AGO HC forum???
Doesn't make sense.

AGO was a higher risk than FMG.

You could also be wrong with AGO as the IOP will tell in the coming weeks/months.

Expand

IOP is irrelevant to AGO now .
Went to ago as a small highly speculative investment, double or lose . The small spicy part of my investing,

The thing about investing is we can be wrong but by managing risk we reduce poor decisions and increase good ones. Anyone who can predict resource prices makes fortune tellers look honest. That's why you anticipate possible outcomes rather than predicting only one outcome. Better to be roughly right than exactly wrong.

AGO Price at posting: 4.5¢ Sentiment: None Disclosure: Not Held
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News: AGO Australia's Atlas Iron names ex-Hancock executive CEO in board overhaul, page-61

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