Fair enough, thanks for your reply Takings.
Particularly if you are younger, I applaud that you are demonstrating an open and disciplined mind, and I'm sure you will benefit in the future; maybe benefitting others also as you freely share your thoughts.
Always remember the learning curve you speak of is lifelong, and tends to evolve in order to keep ahead of us, that our hunger to learn (grow) is never satiated.
Our holdings in the Brand run era of LNG exceeded 1.5m in value, and the learning (and 'suffering' has been great) along with many known and unknown folk here. The tipping point at and around the stocks' peak was such with momentum, and industry promise (hype?) that europhoria assertions aside, management had achieved steadily and the later succession of red flags referred to in this thread simply could not have been foreseen in a way to have offset our trust that Magnolia in particular would attract offtake deals sooner rather than later.
I remember being very uneasy when Paul Bridgewood, (Chief Tech Officer), pulled out, on the premise that he wanted to spend more time back in Perth. For a time I voiced my concerns here regarding the viability of OSMR underpinning our pitch to the market.
Unloading a little in the 2's range during the descent was wise in hindsight, but waiting until around 0.50 to divest a lot more was crazy, as this was based largely on listening to Greg Vesey, (who I had from very early in his tenure said my piece about, whilst trying to remain respectful of others here who appeared to give him their full support).
In essence, I self muted my misgivings about new(er) management at huge cost! To hang on in the circumstances around the peak, I still think was reasonable, (although kudos to those, Andy Bee et al, who took something off the table then). However, to remain so long a sizeable holder since then, when both my gut and my brain were telling me something was amiss here can have been based on nowt other than HOPE!
Blurred, foolish hope!Grateful that it was never our sole investment, with successes and stability elsewhere to help balance the inevitable mistakes, I don't gnash my teeth and fret at night about what might have been had I made different decisions. But I won't forget, and I have continued to learn.
That I didn't realise more of the gains near the highs, was due in part to fear, and maybe greed. I know it now and I knew it then, but I didn't ADMIT it loudly enough! And so I hung on too long on the way down as well, until I was ready to admit it I guess.
There are many fellow travellers here who've shown a pragmatic and grounded stance against life and loss, and I'm sure they've been a boon to read, as I've found myself at times. I'm glad for those whose hurt too is felt as a wound that will heal.
***To those who may be reading, but not ready to share their pain, frustration, despair or sense of betrayal in some cases.....please, (and I echo others here who care about you), DO reach out, and try to avoid bottling it up alone. We don't want you to feel alone!!!!!!!!
Maybe we feel a bit fooled at times? But that doesn't make any of us a fool for trying.
So in closing, good for you Takings in 'taking' your particular approach. You probably prompted me to express and share. The saying never look back is not mine; nor do I generally adhere to it. In fact I believe as most here will do, in moving forward it's ok to look back....as long as it doesn't pull us back.Rgds,
L
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