Thanks EnsorDoone for your considered, open and honest response...

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curiouswon

3,926 Posts.

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11/05/16

21:40

Post #: 17741236
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Originally posted by EnsorDoone ↑

Hello curiouswon

To answer your question, really I cannot say if I would buy NST when it goes over $4. Much depends on what else is happening. Much depends upon the comparisons that I can make with the GoldNerds Spreadsheet. It is updated every fortnight. Relativities are changing very rapidly now. Much depends upon the ASX announcements that I read.

I am overweight in NST and overweight in gold. That is risky and potentially dangerous. Therefore
I am unlikely to buy more NST and for the same reason I shan't be buying more Commonwealth Bank.

There are lessons for me to learn from UML.
1. I used to be influenced too much by “Forward Looking Statements”.
2. I held on for too long out of forlorn hope and false pride because I did not want such a large loss to show in my records! Even now, that is why I am still there.
3. I was surprised to see how quickly and easily I was able to cover horrible losses with one good
investment.

I have half a dozen producers that are all doing very nicely now that there is renewed interest in gold. If the current trend continues, I might recoup all of my losses since the Global Financial
Crisis or Global Banking Crisis and, yes and, since the end of the mining boom (so many engineers and supporting companies got crunched and BHP came back to where I bought them a decade ago).

Soon I might begin to pay tax again. Oh happy day!

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Thanks EnsorDoone for your considered, open and honest response
Hope you may become a big taxpayer!! if you know what I mean.
Best wishes

UML Price at posting: 3.2¢ Sentiment: Buy Disclosure: Held
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Thanks EnsorDoone for your considered, open and honest response...

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