ADD adavale resources limited

What does Allan Ritchie actually do?, page-2

  1. 1,351 Posts.
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    I know you're frustrated RestlessHobo, but i think for you, and easy for me to say I know, just stop looking at the share price, and put it in the bottom draw.

    Mate, I'm not having a go at you at all but posting all the time complaining about management doesn't achieve a lot. I know you're under your 'buy in' price, a lot are but as I've mentioned before, ADD is not going to get any major traction until probably mid next year, maybe a bit earlier if we are fortunate, but when it does, it should run well (depending on the results we have all invested here for).

    What I will say though is, sometimes it's best to sell and take the loss. The loss will get offset to any gains you currently have or if you're already in the red, they will be carried over and offset to any future gains eventually, so it's not all bad news if you do sell and take the hit. It's a hard thing to do though, and I can absolutely tell you, I've been there and done that. In fact, I think most of us have, but as soon as I cut a stock that I held onto a long time that in my eyes was a 'dog', I immediately felt relief that my frustrating journey with that stock had finally ended.

    Or, if you want, ring ADD and speak to them direct and ask the hard questions. I'm not going to lie, but I did just that, rang them and spoke to them, and asked the questions that I needed to ask. It was well worth the phone call I made, and I am currently very comfortable with my investment in ADD. I'd love the share price to be higher, so do they, but it really is just that stage of the cycle that tests everyone's patience, and makes you question your original decision to invest.

    Anyway, I truly do hope it all works out for you and others with ADD. We are all here to make a dollar
    I definitely aim to stay here medium to long term

    GLTAH

    ps - I think we probably should shut this thread down and start being more positive and constructive on other ADD threads
    Last edited by SBG14: 15/12/22
 
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