SXY (ASX) Ann: Senex and Alinta Energy sign new gas sales agreement

Originally posted by Papabuy: ↑

I too have invested some in the 12s, teens, 20s, LOTS $$$ in 30s-40,s and a little into the 50's.............Yes 5 years can be a bit of a wait, but REMEMBER "wealth goes from the impatient to the patient!"
It took QGas about 4-6yrs? It went from $0.155 to more than $4.70(i think) before the take-over of that company and Ian Davies was CFO(i think?)
I believe it also made the richest bloke in Tasmania richer by another $400m...sticking with it till the end.

So you've waited all this time and just as the PROFITS start rolling in and LIFE OF this Gas/Oil company is almost assured of 30-50YEARS SUPPLY, you give up??......

I missed the opportunity of MY LIFETIME because of my impatience and greed with WEB Webjet, $10,000 @ .044c I kept my bid in @ .043c until it expired and so I moved my money elsewhere, refusing to chase it up(pride!)...it went as high as $14.63, you do the maths, how many bags?????????
I keep kicking myself and now, with that experience behind me, it spurs me onwards......
My thought process is this, if there is a clear plan and the company has proven its building its foundations on solid evidence & growth, and is well run, then stick with it, and if you can afford to re-invest MORE.....do it! .... I even borrowed money to do it with a Margin Loan!

I.D and the BOD are investing more of their cash into it too!
Do the Math yourselves, with the world recovering within FY22-23 and IF POO goes back anywhere near $70 $80 or $100 then SXY would surely be a min of .70 .80 or .90c
GLTA...DYOR...
PS...
a little thanks to the shorters from me......for allowing me to more than TRIPPLE my holdings.
cheers Pap.

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Thanks for the reminder Papabuy regarding patience.

I'm by no means a seller and just topped up a bit today. My question was ..how smart the 'all-in' trade trade is, no matter how much conviction one has?

Also by being patient, investors get older, and other responsibilities/dependencies pop up, job security/situation changes etc.

By no means do I wish to sell right now, however, I can't remain 'all-in' for 2-3 more years. I'd love to keep half of my position long term and see decent capital growth while collecting dividends. However, I do plan on reducing the other half of my position over the next 2 years depending on price action, to diversify my sources of income/capital gain.