DML 0.00% 1.9¢ discovery metals limited

K, you're too weak to be an investor. Stick to term deposits. If...

  1. 36 Posts.
    K, you're too weak to be an investor. Stick to term deposits. If your perspective on management is based on the share price drop, CBA has a great deal for you. Good thing for us, it gets you off this forum ! And get out more, the fresh air will help clear the bitterness that runs your mind.

    At some stage, prior to this suspension, whether you like it or not, investors made a conscious choice to trust management's judgment when they decided either of two things: a) the previous 1.70 bid was too low and did not sell on-market, or b) that the stock price (at 90c or 65c etc) was well below what they considered 'fair value' and saw an opportunity to make a quick buck.

    All that has happened is that your expectations haven't been met, albeit within 2 months after the bid lapsed. Don't blame management for this, as there is nothing new or different they've done during that period; rather, they've had to react to extraordinary circumstances caused by certain market participants.

    And if you always thought management was poor, you should have got short like some of your other buddies on here, and made a few bucks.

    The management does have challenges to resolve, most notably the financing, and we all hope they get it resolved, but you made your choice, and I'm sorry if the trade hasn't afforded you that brand computer game that you had your eyes on for ANZAC day.
 
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