I remember investing in ADY a couple of years ago when it became the darling of the market because of their resources and how management could do no wrong. Then when it came to building their plant things were taking longer than projected, costing was blowing out and after delay upon delay the share price continued to drop and remained subdued for nearly over one year. People were touting that management were crap, didn't know what they were doing, project wasn't viable, resource was crap etc.
Then finally things came together and they were up and running and the share price was re-rate from a mid 8c to, at one stage , 67c.
My biggest regret was obviously selling at the low because of impatience and what people were saying on hotcopper when i should have been accummulating( blood in the streets kind of thing). I know it's easy to say but i do truly believe in the saying "It's time in the market not the timing of the market". For some reason it's seems similar now with Compass. Everyone bagging management and the continued delays and cost overruns.
- Forums
- ASX - By Stock
- CMR
- trend reminds me of ady
trend reminds me of ady
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CMR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online