Ann: Withdrawal from Kakapo Farmin, Taranaki Basi, page-11

re: Ann: Withdrawal from Kakapo Farmin, Taran... Hope you are right about the 7¢.....but would be only 100% gain for me. Not that I have a lot. The Philippines is a cancer to resource investment so didn't sink a lot of money into this one - been there, done that, lost heaps on Lafayette. But still several thousand underwater with RAI and would like to see it prosper...probably in Indonesia...Hope they do better than MEO in that area..
I hate to pull the 'sell' trigger sometimes. Got lucky in the last year and have pulled out of a few just before the bad news hit....but I tend to hold and ride out the rough periods...and wait. That from some experience of getting out way too early....Oxiana was one (now Oz Minerals)...had half a million shares...sold for a couple cents and a small profit....The former incarnation of CDU, can't remember the name....but will never forget the 200,000 I sold at 14¢.....Sometimes it pays to hang around, grit your teeth, and wait....sometimes it doesn't. To know which direction to jump is the obviously the key to small cap investments....Hold them or fold them...