AGO vs AGOO, page-8

Ozblue, you're not much of an investor. The reason I can tell is that you don't seem to be able to distinguish between an expectancy (i.e., an average outcome based on payoffs and probabilities) and a probability.

I never said that AGO can't go bust, on the contrary I said that it is a very real possibility (reread what I wrote).

I simply said that at 5cps those risks were well and truly priced into the equation. I still believe that. And indeed at 3.1cps, there is much less downside and much more upside than when we were discussing the matter a few weeks ago at 5cps.

The fact that AGOO seems like an even better bet than AGO doesn't mean that I've changed my mind on AGO.

This is obviously not a widows' and orphans' stock. I've backed plenty of duds in my time, but my overall returns are orders of magnitude better than the All Ords.

If it goes under then, unlike you, I'll take my losses on the chin. Like a man.