Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-126

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Aussie Eagle

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24/10/22

15:14

Post #: 64362741
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Originally posted by Neil1959: ↑

I am sorry for the 2nd post...but just to add, I think I have never been able entirely to understand the fury you see on some of these forums, considering how much advice is out on the market warning Australians to stay away from Micros, yet the discussion boards read like these Microcap companies are BHP's, CSL's, RIO's or FMG's. They are not! 5% of Pennies and even less, are ever proved to be successful. So why be upset with each other? We all know the risk to our savings at the end of the day, don't we?

I think the gambling part and low share price attract punters, and the reality is, I suppose, Aussies don't like to lose money. But the jabs, flames, and insults you see on many of these forums just seem to propagate many rolling posts and keep the heat alive. These Microcaps are all prone to management mistakes where they over promise and under-deliver. It is the nature of the beast for this end of the market and has been for hundreds of years.

With Penny Stocks, no disrespect to anyone, we only have ourselves to blame if we lose dollars, compared to the blue chips and more established companies, where you can get dividends, and there is less volatility in the share price, in good market conditions.

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"5% of Pennies and even less, are ever proved to be successful."

In that case mate, imo this one is looking like being on the brink of the other 95%

Look, the biggies, Enron and Lehman Bros went under so nothing's guaranteed - even Fannie Mae went t***up - CGB mae be a fannie too, we should know soon enough

CGB Price at posting: 2.1¢ Sentiment: Hold Disclosure: Held
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Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-126

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