STA 0.00% 9.5¢ strandline resources limited

Ann: Seventh Shipment of HMC Completed at Coburn Project, page-74

  1. 2ic
    5,878 Posts.
    lightbulb Created with Sketch. 4865
    Well done for staying rational and calling out valid concerns as STA headed down during continual ramp-up problems. You invested, didn't work out, and as things turn out problems were more significant and on-going than management claimed for many months now. Always trust but verify, and be prepared to change your view when things stop making sense... Don't let the peanut gallery tell you otherwise.

    Of course, would have been better to have sold on the falling price technical signal coinciding with production contradicting commentary a while back, but that's a difficult call to make when long term investing. Would have been best to sell at the top on 15th Sep before a 50% retracement. Just like Luke sold 1M shares at the peak, maybe he should have been a trader not CEO lol.

    https://hotcopper.com.au/data/attachments/5427/5427529-e456b5870d353b3796bff8ca9450908a.jpg

    https://hotcopper.com.au/data/attachments/5427/5427533-b0152b0ef385d93bca2011e921720a21.jpg

 
watchlist Created with Sketch. Add STA (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.