Perhaps your finest post on this forum, my friend! Every time i see one of your posts i love to read what you have to say. Like a few other long termers here, i can see you have high conviction and good knowledge, and above all, common sense.
Many, many years ago i began investing in Cokal. Why? Well, management have extensive "skin in the game". My conviction is also strong based particularly on the point you raised regarding Eddie encouraging friends and relatives to invest. No Indonesian likes to lose their reputation publicly.
I encourage anyone losing conviction to conduct some research on the top 20. You may be surprised at some of the links involved.
It will continue to be volatile over the next 12 months, especially with macro conditions uncertain. But after that, i think the sun will shine much brighter for us all.
CKA Price at posting:
8.0¢ Sentiment: Buy Disclosure: Held
