“In 1998 in Kalgoorlie, I ran into John Borschoff, from $1.5m market cap uranium stock Paladin.“I did a 10c per share financing for them, with an attached option at 15c. My genius was rewarded with the stock going from 10c, to 9c to 8c.“A year into the investment my 10c piece of paper was trading for 1c.“I revisited my thesis and found, frankly to my surprise, I still believed I was right, and that the market was wrong.“I was able to buy more stock at 1.5c, and six years later it was trading for $10 a share.“Paladin was substantially more attractive at 1.5c per share than it had been at 10c – and I liked it at 10c. If you like something at 10c you better love it at a penny.”
Cheers Happy42
VR1 Price at posting:
8.0¢ Sentiment: Hold Disclosure: Held
