Yes, it is bitterly disappointing to see where we are now compared to 1-2 years ago. As we saw with McMillan Shakespeare, when the government changes the rules it changes the game and just look at USA - government shutdown. Unlike Australia, where we can move things around quickly, other jurisdictions operate differently and think differently - Uruguay, Indonesia, Brazil, etc.
The difference is that the Swick's via Marcia have invested everything including someone's family jewels - so unlike another public listed mining company, the major shareholders are not really in a position to take a haircut and also have the luxury of time to work through. They want to make a lot of money too and are not under pressure to make short term
If you are not happy with the company then you have the choice of selling your shareholding and look at other opportunities elsewhere or wait it out. Look at Wolf Mineral WLF, Hazelwood HAZ, Consolidated Tin CSD, Magontec MGL, and god forbid EXM which was 0.001 for some time ( this is not a recommendation of those stocks ) and has moved to 0.03+ after many, many fruitless / pointless years.
Question - Sell , Hold or Buy. The choice is yours and yours alone.
CGM Price at posting:
0.6¢ Sentiment: LT Buy Disclosure: Held
