Long term this company has unlimited potential and I know I won't be selling my shares until I make some serious coin from them.
REMINDS me of a well known investor and an article that many investors can relate to.
ECT is on the cusp of finally delivering the potential that Coldry and Matmor offer.
Right place at the right time .....India ,and 2 major government backed companies in NLC and NMDC stating their intentions to potentially bring the techs to commercial stage.
Long wait for many long term holders lets see what the next few months brings.
Author: Marcus Padley - Marcus Padley is the author of the sharemarket newsletter Marcus Today.
Date: 28/06/2014
Words: 686
Source: AGE
I think everyone who has ever traded in the sharemarket remembers the ones that got away. I, for instance, once held 250,000 Oil Search shares at 50?. I sold them at 60?. They're now worth $9.70.
I also once held 50,000 Zinifex at 200?. I sold them at 240?. They hit $21.60. That's before we get to the 200,000 Davnet at 40?. They went to $6. Or the 300,000 Voicenet at 38?. They hit $3.80.
Hindsight is a wonderful thing when you can look back and say, I had my chances. I held that stock. I could have made a million here and a million there and, most tortuous of all, all you had to do was absolutely nothing.
But my best sharemarket opportunity came when I was working at Barton Capital and we got a visit from the investor relations guy of some crappy resources stock.
It was February 2004. He was a friend - I used to work with him at ABN Amro - so when he asked if he could come in and sell his wares to the broking desk, I made an exception and said yes. Days later, the traders were all over it. The volume was rising, the price had ripped up from 1.2? to 3.3?, and on momentum alone, I personally bought a million shares at 1.6?. Within a month they were 2.6?.
Now, I'm no fool, and as any stock broker will tell you, when you find yourself standing at the desk punching the air in delight, it can only mean one thing, "Sell!" - so I did. It was a holiday in Bali for goodness sake.
Now what was that crappy little resources stock called again? Oh yes. Paladin. I once held a million Paladin shares at 1.6?. They went
to $10.80.
There used to be a bit of a stock broker thing that you needed $5 million to retire. Win $1 million on Tattslotto and it doesn't actually change things; $1 million isn't a heap to a retiree, it represents $50,000 a year of risk-free income, so you need more. But $5 million, that's $250,000 a year.
Bonds used to yield more than they do now, so that was probably enough. Paladin would have been twice that, and it had only cost me $16,000 and all I had to do was absolutely nothing.
They say it's better to regret the things you've done than the things you haven't, and they're right. You only get one shot. To have had your chance at transformation - even if you didn't know it - is a thrilling part of "playing" the sharemarket. Realising that you were once in the box seat is an everlasting reminder that at any moment, you could be again, and what better challenge than knowing that right now, at this very moment, in the pages of this newspaper, the next Paladin is right in front of you, if only you could see it.
So while a compliance-hamstrung advice industry is forced to deliver a monotone sermon about average returns, diversification, spreading risk, safe income, portfolio optimisation, capital protection, asset allocation, expected returns, efficient markets, rational markets, normal distributions, variance, standard deviation, correlated asset classes, and all that other mothering jazz, let's spare a moment for that bit in all of us that doesn't want a normal distribution, that doesn't want the average, or expected returns.
All of us, whether we are allowed to express it or not, are always in the sharemarket in the hope that today could be the day we snag the stock that will return the most unexpected, abnormal, massive return that will make a difference to the rest of our lives.
What we all quietly want is the next Paladin, the transformation, the glory of what is possible, and barring the luck of the casino, the lottery, being born rich or marrying rich, outside building our own business, the sharemarket is the one place that it's on offer to the intellectual.
It is, and remains, the most fascinating financial pursuit of all and, let's face it, if the last organ to pack up is our brains, most of us will be doing it until we're on our deathbeds. Who knows, maybe even longer. Do they have the internet in heaven?
ALL IMO please do own research
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