Unfortunately, karma most likely has not arrived yet for the Admiral. Purported asset losses come from one source only and it ain’t Santa Claus. Sources close to home, say that the white-haired couple can be seen visiting a funship in a new looking Porsche. Perhaps they are on loan from Disney World, I-World, Me-World, 3B World & R&D World …
Still my favourite from the past “near future” pearlers are:
March 2010 ….. “The Company plans to fast track the development of a mine with production expected early in 2011”, MD Mr Robertson, ASX release. Still waiting eight years on and this one:
Dec 2013 ….. “I trust that you will continue the loyalty to Fairstar and that your positive energy will resonate with our business partners to bring an outcome to the complex and valuable negotiations early in the New Year", MD Mr Robertson, ASX release. Still waiting almost five years on.
Belongs in the big dog house, now that would be karma.
Reality check please and put aside the fairy dust, this never-ending story actually ended for everyone else bar the Admiral, five years ago. Good luck with your other share investments …
…………………………………………………………………………………………………….. You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right. ~ Warren Buffett
FAS Price at posting:
0.4¢ Sentiment: None Disclosure: Held