calliden exercises call option to purchase arg, page-2

Well my patience has finally gone on this one. I was fortunate enough to be in and out including buying some at low .33 and selling at around .55c and have been in and out a few times. Always had a long term amount as well because believed the company could go places in the long term.

In the latest announcement which has finally made me sell was management's decision to sell completely out of equities because they made a loss of $1.6m. I hardly consider this as a good time to sell out of equities given the current circumstances. Lots of other managers are buying. I would not be surprised to see Calliden wait until the sharemarket recovers then start buying equities again.

Good luck to all those that hold. There is still value in the company.