cool. Thanks for that. So yes, some big bikkies at stake. More than I thought other people would have.
I went into ACW with absolutely no investment thesis whatsoever.
I bought some WOW shares because they were my son’s initials, and ACW because they were my daughter’s initials, back in 2016.Thats the extent of my thinking.
The WOW shares went great, but ACW kept dropping. I felt kinda bad for my daughter, so kept trying to catch a falling knife, as in theory ACW sounded great … but hey, it’s been over 8 years for me and they still haven’t delivered anything of substance, apart from a lot of hope.
I initially bought in at 7.8c, then 6.9c then the next year I still thought “surely it can’t go much lower”, so bought in again at 4.6c …. Then a couple of years later at 1.2c. I was just trying to smooth the landing, as I didn’t think it would get back up to the mid 7c’s where I bought in at.
Somehow, I’ve now got 1,200,000 shares at an average of 2.9c a piece.
It’s the largest single holding in my portfolio, which was originally just done as a bit of a laugh. Now it’s become a little more serious.
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