Yes, I do wish you, and all of us, some returns on our losses from all the stocks in this industry.
Just observing the sector; even those who are cash flow positive, have secured revenues, returning dividends, or newly signed supply agreements, are also struggling at the moment. But, as I have been mentioning in my posts, I think that we are in a 10-year prove-up cycle. Unfortunately, the parabolic curve for this sector appears to be inverse at the 5-year mark, to some degree, due to the Australian government's handling of the drug/drive laws and general market conditions, which, in my viewpoint, are a causal effect of the COVID/Ukraine crisis. This crisis has negatively affected shipping and market confidence.
This will be a process that "may" require more time, patience, shifting/managing of portfolios, and patience for shareholders. Not advice just a general comment
CGB Price at posting:
2.1¢ Sentiment: None Disclosure: Held