March Quarter Report, page-75

I made the mistake in thinking a company would go bust once before but never again! It was bluescope steel, selling bluescope steel at 73c in 2011 thinking China will continue to rule the steel making industry and Australia can’t compete… 10 years later boy was I wrong it’s $21.21 per share…
so with that in mind I’m comfortable holding this even to the point of bust, because this company doesn’t make a profit it is essentially high risk, but that’s the risk the small people like myself make.
I am quite optimistic that if you can wait this out and put in an amount you can risk to lose this company has some good prospects of income/profits and once that starts it’ll cascade. I’d like to be able to see the future through a crystal ball but my predictions are high for 10 years if you have that many years left in you .