Hi Insomniac - I am still around and as hale as ever. You wrote "As an aside, haven't read anything from Pioupiou in a long time, hope he's well, miss his posts. Maybe he sold out on the recent volatility. Maybe (with his large holding) he's the Algo... LOL"
I still hold all my TGA shares, and to date I have never sold a single share. With hindsight, I should have sold when prices were in the $2.20+ area about two years ago, and then bought back again when they were cheaper. For the record, I have over the past six years invested $607,656 in TGA, and the 500,000 units are worth about $1M, so I am well ahead, plus I have enjoyed good dividends to boot.
My main reason for not writing recently is that I have nothing to add to what I have written before, which springs from the reality that no further TGA-relevant business news has come to the fore. A second reason is that since returning to Adelaide, where three of my married children live, I have had less idle time to indulge my penchant for writing. However, I have in recent days been assailed by my old malady (furor scribendi), so I'll work on the material, and come up with something (hopefully, useful).
Nobody who is honest can aver what a fair price for TGA should be. For me, the fair price could be anywhere between $2.00 and $3.00. Normally, I would pick the midpoint, and moot $2.50, but the dearth of news inclines me to value TGA at a lower figure - say $2.25 - that is, apply an uncertainty factor. If the SP were that price in December, I might have sold some (say 15%) to raise about $160K that I needed, but I sold other investments instead. If John Hughes was in the same boat (looking for funds), then it does not surprise me that he sold a small fraction of his large TGA holding. This is basically what I want to write about in the near future, but with more facts and reasoning than I have included here.
TGA Price at posting:
$2.01 Sentiment: Hold Disclosure: Held
