Appreciate your response Rimtalay - informative with a little "sharp" edge to it . I did not remain a long term investor of TTY purely because of market perception at the time of the outcome of the bidding triangle for ConsMin between TTY , Pallinghurst & Palmary . I still thought the fundamentls of TTY were sound but as the share price was "inexplicably" retreating I decided to take a 20 % profit & park my money in CVN for the long term (another fatprophets recommendation !) which has since increased 150% . As for using Fatprophets to make my investment decisions - I don't "need them " either however they are very helpful in providing solid research information which I use in conjunction with other methods of research to make my decisions . You need to remember Rimtalay that not all of us work in investment related industries nor are we perhaps as financially savee as yourself so using research vechiles & seeking knowledge is tantamount to making informed investment decisions . Personally I would have loved the ConsMin takeover to have gone the way of TTY but even with the Noble Group , Deco Metals & Lehman Brothers financing the takeover it seemed ConsMin always viewed it as dubious and/or inadequate . I don't see how you can generalize & call TTY shareholders "stupid" or blame them for the failed takeover when ConsMin was continually recommending to its own shareholders to reject the TTY takeover resulting in the end only a 0.2% acceptance.
I do appreciate your input though and thankyou for your response - intelligent points of view I am always glad to listen to and take on board . I am considering reinvesting long term in TTY as the outlook on the offtake of Australia ironore for the next 3 years is extremely bullish .
What are your thoughts on ALSO investing in companies like GBG , BCI and AGO given their potential revenue in the ensuing years ?
Cheers Wardy
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