My CGN proceeds are now tied up in something 20% down (which I still reckon will do really well in due course) - But as it goes I got distracted from all my analysis of this company, my belief in the low CAPEX and OPEX kick-start, what is beneath it, and my belief in the portfolio... Instead I bought into the stink ragging all Daz and his army were selling, in a moment of fearful absent mindedness and thinking I could turn something around and get back in..
Seemed the world was against CGN and our depth was dwindling, I could smell a further drop (which came) so I pulled the pin, thinking to myself, "Good move, mate, good read". Then BLAMMMO, news like that comes out, like a massive kick to the nuts. Should have sold another instead to make my play, which now consequently is also under water from being around 30% up (no news for a wee bit and weak depth - then again might be the same story as this ol coy).
In short f**k you hindsight.... I miss CGN... I even still check the weather in PNG... Jesus, I think I am welling up.
I will be back in when I have some coin (tax return due in shortly), or decide to offload something else in the meantime.
Good luck folks.
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Currently unlisted public company.
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
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