Every now and then someone (or something) steps up to the plate and takes a decent chunk of these shares. The bid side has absolutely nothing to do with what some entity is prepared to pay for them it seems, and hence values them at as a minimum.
It is a bit like my Collections of things, which I have a few.
Sell them?? Never!
Hey I just like to look at them, and dream of what they are worth on the market. Revalue them in light of the current market in each, pat myself on the back and get a warm secure feeling...
Same with SXX. Like SXX Management I like to HAVE and embrace them. THAT is where the scene is man.
Feel like I have part-ownership of land in beautiful Fiji..mmm
Part ownership of some Uranium which China etc really covet, and short-sighted decadent Australia is prepared to flog off no worries mate.
If all those goodies were sold I would only have cash figures in some boring Annual Report..... no warm and fuzzy feeling.
So.... sell them???? NEVER!
Look if I wanted an active profitable company that did things and gave me a buzz every day then I would go for that. I don't ...so I will stick with SXX thank you.
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