General comments/chat, page-13069

I can understand your thinking about why pay more.
But every now and again a long term opportunity will come along where averaging up is the smart thing to do. If you delve into a company and understand where it is, and where it heading and why, then potential for very large wealth creation becomes available.

Compared to most of the contributors to this forum I am new to ADN, buying in at around 7c around mid September, but by averaging up at strategic times when funds were available I have managed to build my holding to 400k shares averaged in at a tad over 11c.

With the projected path forward for ADN over several years, for me given my age and current circumstances this stock alone has the real potential to be life changing.

When you come across an opportunity like this, is a quick profit with high CGT really the best option?

You really have to way up difference. $60k profit now at near 45% tax or $500k profit in probably a max of 4yrs at 22% tax.