Nothing has changed other than underestimating the holders that just wanted a quick flip versus the strong sustainable cashflow from a heavily de-risked investment.
If you bought it for the future dividends then nothing has changed other than the SP. This goes into the bottom drawer for me. I had no intention of selling before and still don’t. Obviously it would be nice with a higher SP but the market decides that.
I’m still very very positive on this one.
IPO - WA Kaolin Limited, page-279
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