Hi Barral
My positive posts on a number of companies over the years have generally attracted more animosity than affirmation.
This is a very long play for me. I have been in it for 8 years and will likely be holding all or some in another 8 years. I bought my first tranche in July 2010 for 0.04 and by Jan 2011 they were 0.22. That is a 1100% annualized gain.
If I was a short term trader I would have sold then but I had no crystal ball. Over time I added as the company expanded and added intrinsic value. I did top up over a million at 0.025. I should have bought more but I didn't have a crystal ball. I have added more this year in the 0.08s as I cant find a better low risk value in juniors.
I convinced a relative to buy 1.2 mill at 0.025 so at 0.09 he is very happy. He may sell and that is his prerogative. He has a more medium term view.
Traders who have picked the highs and lows over ten years will have done well. I cant consistently pick highs and lows so I look at fundamentals of shares and go long and sell all or part when they look fully priced.
I apologize if my metaphor was too molten in my last post and I flew over the cuckoos nest but I was trying to make the point that both holders and sellers and short and long term investors can from time to time grossly misprice a stock.
I understand the profound frustration that holders have with the company's past errors but we all make mistakes. I should have bought more at 0.04 and sold out at 0.22. Then I should have bought 10 mill at 0.025, which I had the funds for and sold at 0.15. Then I should have bought back in at 0.08 and be waiting for the next uplift. But like NM and the board I don't have a crystal ball. DGR owes me 0.06 and I've had a dividend so I am still ahead and do anticipate a rerating in the next year.
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Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.61M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 1.0¢ | $1.588K | 158.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 185236 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 1983333 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 28219 | 0.130 |
3 | 250000 | 0.125 |
3 | 1020491 | 0.120 |
1 | 500000 | 0.115 |
3 | 99220 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 65000 | 1 |
0.140 | 393111 | 1 |
0.145 | 295471 | 3 |
0.150 | 95000 | 2 |
0.160 | 47375 | 3 |
Last trade - 14.51pm 29/11/2024 (20 minute delay) ? |
DGR (ASX) Chart |