I have only just seen the news and must apologise for to my followers as no doubt my positiveness has led to some taking a less conservative approach than they otherwise may have.
I have to say right now I feel totally gutted as I make a big point of managing risk. A key component to this is establishing a good relationship at the highest level of the compamies I invest in as well as establishing something of a brains trust around the project with companies/people outside the particular company invested in.
All I can say is some of the information I have been given by these people has been outright lies. An example being told that CO2 was low and easily manageable just a fortnight ago.
It does highlight again the usual risks of this game that nothing is a certainty and one should not put aside the usual risk rules even when you think you have very good information sources.
Again, apologies team, I trust everyone has the inner strength to cope with their exposure.
Life is a lot more than just a bad investment, there are far more important things even if it does not seem so right now.
NEN Price at posting:
28.5¢ Sentiment: LT Buy Disclosure: Held