Ann: Nomgon Pilot Update, page-53

One common post on all these forums is Warren Buffet's oft-quoted 'transfer of wealth from impatient to the patient...'.

That philosophy is completely inappropriate for anything with as much operational and exploration uncertainty as the this sector.

The correct phrase should be 'investing (in this sector) is the transfer of wealth from the careless to the vigilant'.

I took a 33% loss selling out at 12c after the 24 Mar Nomgon update, and it is so hard to not second guess oneself after seeing the price go to 15c after that.

Investing is a difficult business and it's all the deep end. I have paid heavily to learn my lessons over the years and only hope I now have enough knowledge and discipline to be able to profit going forward.

Good luck to remaining holders. Maybe QLD will come good, or maybe Nomgon could make some sort of storming comeback.