LOL, I got to buy a total of 11 shares at 35c, well so far. At least I'm first inline at that level.
Gee I hope all those thinking that the price will fall tomorrow are correct. Maybe an opening gap down, I hope so!!
It is still IMHO, that at around these levels the SP is good buying, but of course I don't dismiss the odds of it going a bit lower, maybe even spiking a bit lower, just to make the charts look a sell with support break.
It is one of those things that I think is happening more and more these days as the big boys 'paint' the picture deliberately, just to grab the shares off the 'pure' chartists. It is something that I thought was happening over at my lucky 'strike' nearly 2 months ago. For the pure chartists, the chart just broke important support so can you explain it otherwise?
For others that are more fundumentally oriented, does $666m look too cheap for the whole resource, the processing plant, the location close to all the Port Hedland infrastructures etc, plus the debt? Also given the experts from ALB giving us a valuation of Wodgina. If I seem wrong, please can someone show where with a few numbers, I'm happy enough with my decision, so it will take some (as in a lot) of convincing to change my mind!!
For those not happy enough with the BOD or management, I can tell you I am. I remember a phone conversation with a bloke a couple of years ago during the Easter break, who was back in the office desperately trying to finish some new requirements that the govt regulatory people had put on after we were expecting the mining lease application to have been approved. He was very, very frustrated and probably made a few comments about life etc that he normally wouldn't to a shareholder that knew him. That's when my respect for his passion went way up, plus belief and trust as well.
I'm about to start rereading a biography about a bloke that had over 20 years exposure and experience before he started, yet still made plenty of errors when young, yet learned about investing in value, plus people with passion, then backed them with capital and seems to have done OK. Yet despite his wealth of knowledge, still makes the odd mistake just like the rest of us.
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