G79 (ASX) How am I going to handle it, Ponzi scam mustang!!!

Did that ramble make you feel better. Sure it doesn't help or give comfort to those that are MUSshareholders

Originally posted by acecant ↑

I’m sure a lot of the posts are venting, however, I’m absolutely flabbergasted at how naive investors in this stock are.

Basically you are all looking for a get rich quick scheme. That’s the problem with a lot of investors in shares. They think it’s the place to punt their money on speculative stocks looking for that ‘Disallowed’. A lot of people make a lot of money out of the market and they do it by investing most of their money in strong growth stocks with earnings growth and good management.

I had a look at buying this stock a week or so ago at 18.5c. I asked him at the time ‘why’? There are so many better companies out there with earnings growth (industrial companies are far easier to value) where, while not overnight, he could just as well make multiples on his investment over a couple of years. Strong industrial businesses like BWX, Costa Group etc for example have shown you can do very well buying a well run business with good earnings and strong earnings growth. Why invest in something so speculative like MUS? Or if you do, make it a satellite holding. Only commit a total of 5% (or if u want to be more aggressive 10%) of your investable funds in specs.

Learn your lesson. Move on. You will have time to recoup your losses. Just don’t rush into the next punting stock to make it back.

A lot of people u derstand property. Buying something like MUS is like buying some land out sheet creek hoping that one day they build a freeway or other infrastructure down that way which will see the value jump. If it doesn’t eventuate you are sitting on something worth not much for the next 10+ years but only costing you. The risk is always going to be 90% -95% it’s unlikely to happen. If it does, yes the payoff is big. But that’s only because it’s such a high risk.

FWIW, I told my mate at the time that I wouldn’t be buying this stock because of Rubies because that’s not going to make it a Disallowed. If there was anything that was going to give it the chance to take off, it may be the prospect of graphite. Jewels are just too difficult. How many diamond mining companies are there killing it? Gold mining companies are volatile and to be honest it’s actually not the demand of gold for jewellery which gets the price going, but the view that gold is used as a storage of value against global volatility (which is even questionable). Rubies?

So learn from the experience and work to make your losses back. There are plenty of opportunities out there. Don’t get sucked in to thinking your stock is the best in the market.

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