Ann: Gubong Project - Bluebird Merchant Ventures RNS Released, page-24

First 24 Last

Share
Profile

Follow
brinvestor

60 Posts.

12/02/18

15:54

Post #: 30999091
Share

Originally posted by poolhustla81 ↑

Full disclosure...over the last few weeks I have been offloading most of my SAU position. I moved most of the funds into BBUS and a few other goldies which has worked out pretty well so far. I hold around 10-15% of what I once held and most have been sold at a loss unfortunately. My reasons for this are as follows:

The Cannon sale - I feel we sold the proven asset for a good sum, however any potential upside to the resource or the gold price has been sold for a song. Sure this helps our cash flow short term, however what about long term growth for the company?

The Stockmarket in general - We are due a major correction, I feel the last couple of down days in the US are just an entree for what is to come. If that happens, marginal/underperforming investments will be sold off quickly regardless of FA.

Volume risk - With no depth on the buy side I was starting to worry how I would ever exit my position if something went wrong.

Unloved/Unappreciated SK assets - Unfortunately the market is uninspired by our SK assets, I am not sure why but my guess is because it is outside the "norm" plus the proximity to a potential war zone. The market hardly reacts to any SK news.

Anyway, those are my 4 major reasons for selling down. I still want SAU to succeed and believe it can possibly do so, but we need luck on a few fronts IMO and relying on luck + a volume shortage were a bit too much risk for me to bear.

Good luck all. Cheers

Expand

I think you sold some of your shares to me today
The first two reasons you gave don't worry me. Now, the volume risk is a problem, but I have no need to sell anytime soon. I can hold my position pretty much forever, unless something catastrophic happens in my life... The war thing does not worry me much either. If SK and Japan are destroyed in a nuclear exchange with NK, the world will be a lot of trouble, and SAU will be the least of our worries. It might even go up when gold prices triple...

Good luck to you as well.

SAU Price at posting: 25.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

HotCopper Highlights: Your most watched stocks for Week 47, 2024

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

There are more pages in this discussion • 49 more messages in this thread...

First 24 Last

Add SAU (ASX) to my watchlist

Ann: Gubong Project - Bluebird Merchant Ventures RNS Released, page-24

Top Stories

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

Scientific conference spotlights PYC's work on blindness disease treatment

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

HotCopper Highlights: Your most watched stocks for Week 47, 2024

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Sales growth pushes Lovisa's fortunes (and shares) upwards

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects