The market has degenerated from a shared long term wealth creator to a mechanism for transfer of wealth, at least at the small cap end. You win, someone else loses. The directors always win. The bots are busy botting away, making profits at whose expense? Treat every small cap like a ponzi scheme and maybe you'll be fine. Only rarely do you get a long term wealth generator at the small end these days, like a Sandfire.
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The market has degenerated from a shared long term wealth...
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Ron Miller, Non-Executive Director
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