El
Congrats. In my few years of posting you are the first poster who is able to read my mind and tell me why I bought and sold IGO. It is clear the humility and balance views you once possesee has given way to an inflated view o your won successes. Let me state a couple of facts to help you understand how dangerous it is to form opinions with no real knowledge.
1 my exposure to IGO was limited
2 the capital and profit I made on IGO when you were sitting on a 50 percent plus lost was reinvest in a number of stocks such as GMG( no cash there) NXS ( no cash there) bru, Amu( no cAsh there ) Bpt( some cash) AYN (no cash there ) NMS ( depleting cash) ROC ( no cash when I invested ) COE ( cash as you know) Awe (depleting cash) ozl ( good cash) pna ( no cash) etc etc . On a few of these I made 6 figure profits , reinvesting bigger amounts in the next one etc etc. I also quickly took some small losses on some like nms and ROC however although I haven't done the figures I would be surprised if my gain is equiv to holding. IGO. Therefore despite your confident assertions I have investedmin as many companies without good cash as those with and some cash positions as well. However what I have found is that during GFC well others were creating stomach unlcers by the day I slept like a baby. To be able to invest large amounts and still be able to sleep for me is priceless. Anyway I thought about whether it was worth replying to someone who thinks he has worked it out but I thought I would leave one last post not to defend myself but rather to point out your are very opinionated and with justification. Good luck over and out from me.
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