I remember investing in ADY a couple of years ago when it became the darling of the market because of their resources and how management could do no wrong. Then when it came to building their plant things were taking longer than projected, costing was blowing out and after delay upon delay the share price continued to drop and remained subdued for nearly over one year. People were touting that management were crap, didn't know what they were doing, project wasn't viable, resource was crap etc. Then finally things came together and they were up and running and the share price was re-rate from a mid 8c to, at one stage , 67c. My biggest regret was obviously selling at the low because of impatience and what people were saying on hotcopper when i should have been accummulating( blood in the streets kind of thing). I know it's easy to say but i do truly believe in the saying "It's time in the market not the timing of the market". For some reason it's seems similar now with Compass. Everyone bagging management and the continued delays and cost overruns.
CMR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
