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Gee Foz, we must have bought around the same time. You would...

  1. 21,228 Posts.
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    Gee Foz, we must have bought around the same time. You would have been a mile in front by now, surely, or whenever you sold. Surely!!!
    It's been a 10, even a THIRTY bagger at times, for those that have been in that long, in fact, over and over again. BHP can't say that.
    Not bad for a badly managed Gold Coast minnow that everyone has enjoyed laughing at. In fact, this could be the start of the next how many ever bags. Hope that you don't miss it.

    And don't forget that exploration companies tend to "lose" (USE) a helluva lot of money before they eventually get their reward. Then everyone says how good management is!!! How many hundred times have we heard that with how many hundred other companies. PAR FOR THE COURSE.

    ICN have IMO finally got to stage one of where they have wanted to be for all of those years and RJ's number one focus, as he has told us in his latest newsletter, is to PROVE UP RESERVES. That IS his focus.
    But, he has always said in ALL of his statements that he prefers to get a buyer before he spends all SH money proving and developing (unlike some of our higher profile "peers" who have spent hundreds of millions of SH funds, massively diluted their IC and haven't even got a sniff of a GSA) WE all know that.
    So, I am more than happy to go along with RJ's principle and watch how he moves in 2011 now that he has Stanwell on contract and negotiating that GSA.
    If you don't expect exploration companies to lose (use) money, you certainly should stick to BHP, RIO, or why not CBA so you can sleep well at night. Good luck.
    Isn't even good old safe, defensive, TLS down 66.66% on its last public float?? Maybe ICN IS a safer bet after all.

    Lots of ST and DT's out today for long weekend. Next week could be a beauty. Enjoy. Merry Christmas.
 
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