So Lady Annie IPO is a flop and we can say good-bye to the 10c dividend - it's gone for now. We have lost the 10c in value off the share price due to the flop; however the mine is still intact and will make money - who is to say a private sale is out of the question? OK, we don't get the IPO value and we drop 10% - 15% on a private sale, so what's the problem? We will pick that up on NIP alone let alone the other gems. If you are purchasing a stock worth twice in value plus, what's the problem? Yes, I am a mug - I paid .445c - had I been smart I would have purchased at .40c, but am I concerned - no, because I think it's more likley to get nearer to it's true value than the .32c suggested by some.
May the ayin force be with you.
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