@blueskybaby .... You're absolutely correct, but it's not just Gina. Most billionaires that have built a business in one area think they are geniuses when it comes to stocks, after all they did become, or inherited the money in one field they knew a lot about.
Take Twiggy as an example, he invested in Poseidon years ago, a mob that has just lost money. Then take the 2 billionaires that invested in Suncable, Twiggy and Brooks-Cannon, something that is going nowhere as it's just too expensive for the funds it could ever generate.
BTW I wouldn't touch Alinta as it's controlled by a billionaire that knows nothing about the industry, after making his money in a totally different area..
Twiggy knows Iron ore, so if he were to start up another iron-ore company, then it would probably have legs...
If we had a Gina, or a Twiggy buy up here, say up to the magic 20%, then they would want a say in how the operation was run, thinking they knew better than anyone else as they were 'successful', yet know nothing about Niobium, then only bother to half heartedly do the research into Niobium, because they are so busy with everything else..
Personally I'd look to exit if Gina, or any other non Niobium billionaire started to grab a large stake..
BTW Henry Ford didn't do too well in rubber either...
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$15.45 |
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No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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1 | 50 | 15.430 |
5 | 291 | 15.420 |
7 | 607 | 15.410 |
7 | 556 | 15.400 |
Price($) | Vol. | No. |
---|---|---|
15.460 | 529 | 12 |
15.480 | 143 | 3 |
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