I have to agree with NW, people have built their portfolios on hopefully the back of research and also on what they are prepared to gamble. I bought in when the stock was 10c and since then am free carried because of a secondary parcel we have that we have traded numerous times.
Remember ESG has topped the $1 mark a couple of times during that period which has allowed a number of people to take profits and then buy back in.
I would never brand ESG as a spec share. Not really even when I bought into them 7 years ago. They had too much going for them and for me it was the right place to put my money after getting out of SGL. A year ago I got into another stock that reminds me of ESG (EGO) and for the same reason am holding onto that one, now in 5 years time is someone going to question me how I own 8 m shares. Each to their own DB, just worry about your own shares.
The important thing here is that the people on the ESG sight have seen now that we are not a minority if it comes down to a vote. I can also guarantee that we know people that are not on HC that will also put their holdings to a No vote if need be.
To all the people that bought in recently I truly believe that there is still a good profit to be made. If however the upgrades are as good as we think, then there is a chance for a great profit even at these levels.
I would love to have seen ESG build themselves into a producer and lived of the dividends, but I still have confidence that I will see my minimum of a $1.50 and who knows people have talked about $3 (as my mum says from their lips to Gods ears)
Anyway, it does not matter the size of one?s portfolio as long as we achieve all what we have set out to do, some maybe happy with 10% others are hoping for a lot more, at the end of the day as long as it is a profit and a better return than the banks (Hopefully a substantial profit *8-}).
Good Luck All
Kind Regards Bobby
ESG Price at posting:
86.0¢ Sentiment: Buy Disclosure: Held
