Ann: Market Update, page-33

Hi Dreamerof

Don't mention Iron Ore. I started buying Atlas at 97c in jan 14 and accumulated as the price dropped I sold for 1.8c in Dec 15. That was a good lesson in looking deeper into the historic charts. They shouldn't big digging up that low grade ore.

I should have put the dough into FMG. The low cost producers are the only ones who will survive.

I'm hoping VMT might fare as well as ALU or SBM both of which got trashed like VMT and were trading well below the underlying value because of short term poor performance.

Altium doubled 6 times going from 6c to $2 in 2 yrs from June 11 to June 13 .
I sold at 90c because IMO it was way over priced.
Its been in the slow lane since only rising from $2 to $8 over the next 4 years. Unbelievable there's no where near that sort of value they are trading at 8 X sales and 32x earnings

I bought SBM for 10c in Jan 15 when I reckoned they could be worth 27c . Sold 60% when thy hit 84c sold 30% when they hit $1.50 and sold my last 10% when they hit $2.50. They of course went on to hit $3.50 in July 16 which is 10 times earnings. Unless they can prove up some decent reserves they will crash like a meteor.

Crazy market

Get a bit of that hype behind VMT and the sky is the limit.

The 5.3c buying opportunity disappeared when the QTY update was released If the accounts show the margins have rebounded the current buying opportunity might evaporate just as suddenly.

Better increase the price on my buy bid tomorrow.