DS, thank you for your, as usual, insightful post. I am a glass half-full kind of person and a rather simple mind.
So here are my thoughts:
1) When I got into ALB I always considered it a high-risk company with great potential. If the company goes bust tomorrow I could loose a deposit on an overpriced house that I can't afford anyway. But if ALB becomes, in fact, a 10-bagger I WILL be able to afford any house I ever dreamed of.
2) More seriously if the company goes bust I believe the p/b ratio is low enough right now that I'll walk away with something. And I'll actually have a laugh at the large amount of toilet paper (a.k.a. shares and convertible notes) that Jinchuan have in their hands.
On a more sad note, today marks the end of an era with the resignation of Steve Jobs as the CEO of Apple. So I'll live like there's not tomorrow, 'cause you can have all the money in the world and one day... there will be no tomorrow.
ALB Price at posting:
7.6¢ Sentiment: Buy Disclosure: Held
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