today, page-15

This is back ground information, indirect information if you like.

For myself I am much more simple. I want to profit!!! and I don't want excessive risk of my capital on a position.

Your link provides upside potential benefit, with no risk of my own capital.

Why?

Because the equations stack regardless of whether this is true or not.
Not true: I win because of the fundamental intrinsic values of the business (china is not its only customer).
True: I win even more

Downside risk limited (always my focus), upside opportunity, well that's my cream.

Several years of 10% +fully franked dividends will do wonders for TOTAL shareholder returns.

As part of a diversified share portfolio, I am very happy with YAL as one of the constituents.

21% return for for me for calander year 2023, 40% return FY23. I can't complain.

Keep those losses tight, let the growers grow!!!