AGY 4.00% 12.0¢ argosy minerals limited

He wouldn't be able to tell you his average through all the made...

  1. 2,664 Posts.
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    He wouldn't be able to tell you his average through all the made up "buys". But if we were to take it at face-value, I would say his average is well above 30c.

    But let's have a throwback to memory-lane. Here's a few make believe top ups I found -- sorry I mean "real" top ups with $270k cash he had lying around.

    https://hotcopper.com.au/data/attachments/6133/6133261-fe4a3f26a161c25f903d949e22bab1cc.jpg

    Here's "another mil under 10c" that he had previously bought. In '21 the low was ~9c, so we can assume if he did top up in the single digits another $90k there.

    https://hotcopper.com.au/data/attachments/6133/6133276-6e7206e4fd4daea5c050cd7abbde36aa.jpg

    Another 100k shares in the renounceable rights issue - $10k. Plus the 1.5m shares he "held" prior (according to Beave, so assuming it was stated in a post) - for arguments sake let's say it was at 4c as he continues to preach his 3c entries - another $60k there. There was another post that he had further topped up at 7c, can't remember how many, but we don't have to include that for this crazy story.

    https://hotcopper.com.au/data/attachments/6133/6133309-f4f7570bdf3f99a9dc5125ed2e319ed3.jpg

    So excluding all the top ups in the 30/40c or higher (as well as the other ones in single digits that I missed), he has roughly $430k invested. Granted $270k of that was after the dump - so let's say he had $160k at an average of 0.5c prior to the pump to 80c - let's give him the benefit of the doubt as we all know he likes tooting his own horn on his single-digit entries.

    So at the high of 0.80c, that was at minimum a holding of $2.56m?

    Odd that then the below post says he's waiting for retirement-size returns... yet he couldn't make $2.56million in cash work? Not forgetting that he also says he owns multiple different other companies as well... along with the Lambo (couple hundred $k?) parked in the garage.

    But he's still waiting for retirement-sized returns... because he can't fund his retirement yet? Interesting...

    Someone needs to stop making investment decisions for themselves and contact a financial advisor ASAP. He apparently has an endless supply of money, yet still works 9-5 and is relying on AGY making it big to retire from wink.png

    https://hotcopper.com.au/data/attachments/6133/6133230-8a6d91289fd98138506f3d58767c1316.jpg

    ---------------
    Sorry long post because of the large images, I could delve all day into this fellas mindset over the years. It's a good case study! It's no wonder he's so disappointed. Have a read through this post from 2022 - Post #: 59205001. AGY have done a number on this poor guy.
 
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