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69.0¢ drillsearch energy limited

Bigger mistakes are made by people who choose to hang on to...

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g12m0

1,632 Posts.

52

25/11/15

10:38

Post #: 16471869
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Originally posted by Autosime ↑

Barney
Do not make the mistake and think very wealthy individuals or large business don't make mistakes. Happens all the time - BHP multi billion dollar move into shale , A Healy ( multi millionaire and successful gold investor ) purchase into NAV only to see them head into bankruptcy 2 years later. Turnbull buying into LYC in the 60s .
SVW have without question made a big mistake buying in at 1.20. This is in my view not up for debate , even if you think LT they will do well , waiting a few more months would have resulted in them spending less than half the money

barney , when investing in the share market , ones views and valuations must be as dynamic as the underlying facts. Stock valuations are not static, so when oil moves from 70 to 45 as is the case with the Svw purchase and now , ones valuations must also change

eshmun - I will take the corner office , which one do you want ?

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Bigger mistakes are made by people who choose to hang on to their day jobs!
People like Kerry Stokes know what value is, far better than most of us.

DLS Price at posting: 66.0¢ Sentiment: Sell Disclosure: Held
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