NEN 0.00% 22.0¢ neon capital ltd

apologies team, page-69

  1. 260 Posts.
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    T-Shirt, although we didn't always agree, I think your posts were well written, unemotional and tried not to oversell the outcome too much.

    I just wish I had listened more to my own advice and taken more off the table at 40c+. I was very surprised to see the result and have taken a big hit.

    There are definitely some on this thread though, who technically, may have an idea about geology, but whose risk management and commercial knowledge of the O&G business left a lot to be desired. Some claimed to be experts who clearly were not. It gives me no pleasure in saying that.

    I am not going to throw any stones, but for those that have taken a hit - learn from it. O&G is a very, very risky business where nothing is certain until its certain. As I once said, five geo's in a room will give you five different answers with only one guarantee - they will all be wrong to some degree.

    O&G explorationists (no matter how good) will always tell you they'd rather be lucky than smart.

    I have sold - I hope there is a dead cat bounce for you guys left holding.

    Good luck and goodnight!

 
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