LSA 0.00% 9.0¢ lachlan star limited

articles of interest, page-18

  1. 9,974 Posts.
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    Hi MADMUZ - I had 400,000 TDR which I purchased .021 for - then got another 300,000 at .025'ish and sold them around the .053 area - so i'm holding my original 400,000 plus another 600,000 which i paid .007 for a few months back.

    Happy to hold but would seriously consider selling if she got back up to .06 in the short term (by years end) - but i reckon this is a 'keeper'. They have some handy Directors and alot of cash - I'm worried about a re consolidation - 2 for 5 or similar - I'd hate to see that happen right now, but wouldn't be so concerned if it happened in a few years when she is up and running and i was still holding. My exit strategy on this one is a wait & see what unfolds. They can't go balls up from here, surely.

    Cheers
 
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