Ann: September Quarter Operations Update, page-176

Personally I don't believe in getting too carried away with either my own success or the misery of others. I too sold on the way up @59c and $1.00 from memory because I believed that inflation, remoteness and one-mine risk made this a difficult proposition especially as the cost of funding rose. My remedy was to concentrate on companies that had cash-flow or access to cash for whatever reason.

Ask me how that went?

Well I am glad you asked. AMI and AIS over there in the Cobar have not done so good.....

Whats my learning?

Again a good question. Especially in the case of AMI, that good management trumps most else. And I'd much rather have DR running the cutter than DC at AMI.