I suppose that sharp witted ever alert investors should be prepared for unexpected bumps in the road. Sadly I wasn't either of these.. I think I was out of the country when it happened . I expected our elite directors with impeccable " Maacquarie" aconnections to battle on using everything avalable to them. Did they?Some companies fail & some never die- look at old Oil Search.
I do feel there was an element of slynes in the way the " House Full" notice was put out & the door locked. I used to hold Innamincka Petroleum (Acer) & suddenly one day, months after an arbitrary decision ,I found I no longer held any oil shares in the Cooper Basin- I was just a few shares short of some tricky new shareholder's minimum.
I guess it's a case of swings and roundabouts. Several other young hopefuls in the same neighbourhood.
AED Price at posting:
14.5¢ Sentiment: Hold Disclosure: Held