My first tranche was in 2012 and $1.20 pre-con was what I recall. I was catching a falling knife at the time.
I believed in the company and ID, even after getting my Arrow & QGC shares stolen. I kept averaging down which is why I ended up with a million (precon) + SMSF.
20/20 hindsight says I should have aborted in 2018.
The stupid thing is that 51% of profits from Australian sourced & used gas now goes O,S with 49% staying in Australia via Gina.
Production is approx. 80% to Australia / 20% OS. In 24 months production will double & 40% will stay in Australia for domgas and 60% will be going OS....at super premium prices. Gina will make some bucks, Korean profits will triple. The only loser will be Australia & previous Senex shareholders.
Australians are born losers it would seem. (Yep I am a 6th generation loser).
SXY Price at posting:
$4.60 Sentiment: Hold Disclosure: Held
