Lots of horror stories, whilst it may not make anyone (including me) feel good about wrong decisions- I did not predict the jump from 7.5c to 18c!
It might be worth considering that with 2,175 billion BBI shares at a price of around $1.80 the company had a notional market cap or perceived value or notional value- or even actual money spent by someone (don't correct the figures it is the philosophy that counts) of around 5 billion dollars.
The Market cap today is around 200 million dollars.
Banks, Infrastructure investors, bond holders have lost around 4.8 billion dollars, thats a lot of dissatisfaction.
Many of these losers are still involved and wish to maximise their return, quantify their loss, have a win, annoy the vultures (us).
They have a lot of financial clout- few on here could organise 1 billion. So do NOT be surprised when the snake with the broken back tries to bite you, that's normal behaviour.
The path to making a big buck (for us) is a mere bagatelle for the big losers and they still control the game- be wary, expect nothing for free and as Buffet says when everyone is greedy be fearful, last week I was extremely fearful and missed out on the sharp rise, shoud have waited for the greedy to be more obvious. Speculating is not quite an exact science.
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Lots of horror stories, whilst it may not make anyone (including...
Add BBI (ASX) to my watchlist
Currently unlisted public company.
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
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