Ann: Shareholder Update Q3 2018, page-53

Exactly, he is talking total nonsense apart from risk mitigation - which is personal decision based on appetite for risk weighted against assessed potential reward.

His risk appetite is obviously not great and as long as he gets out before readout, is almost certainly assured a handsome profit.

On the other hand any who go in balls and all and risk a virtually binary event will be the greatest winners/losers dependent on the result.

Same applies to any strategy in between these extremes. It all boils down to the greater the risk undertaken the greater the reward/loss outcome.

Simples.

And I won't accept that those who decide to risk all are 'dreaming'. IMO, this is as good a value bet as you will encounter on the ASX. These are few and far between, but obviously not a certainty. To each their own.