u don't run a billion $ business with $30m !, page-6

Ok let's have a cool look at this.

1)You can get something that's worth a $1.00 for 20c........sounds like a good deal.
2) The Soph.InvestI/Insto's would be mad not too buy in!
3) Ansteel wants to keep its shareholding %.
4) The company is producing and selling.
5) Most shareholders have a long term holding......prob not right time to sell out now!
6) More announcements over shipping are coming (good news likely)
7) Going to cause a price rumbling in the near term.
8) Keep an eye out if Directors buy in(Rats leave a sinking ship...but they get on one that's full of food too!)
9) Prob.bad news coming from overseas in the next few weeks.the world at large
10) Probably people that buy at the next lows will make some money.....sorry to long term holders
11)If they go up ...then def sell to cover your latest purchase!
12) I think asset backing is still over 40c at these prices so, anyone buying below that value is hopefully ok.............very long term though.
13) The Soph.Invest/Insto's will prob. Re-rate the shares in their favour to get the new money in......cool hey(self interest at work)
14) I've seen it all before...think of why you bought in in the first place.
(hope it wasn't to get rich quick...we know about those schemes...buy on fundamentals ONLY!)

FINALLY . We all learn by our mistakes....but if you learn from others people mistakes, it probably won't cost you money.
As W.buffet says "sell when people are greedy and buy when people are fearful (This might be one of those times)
Keep calm and carry on!