"With IVF women in their 60's can have children."
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Hello once again LadyinRed,
Now, just in case you happen to fall in the age bracket you have mentioned above, let me first apologise for any disrespect I may have shown towards you in my previous posts, and second, I would strongly recommend you don't go down the path of having children in your 60s. I have three young children in my mid 40s and it has been an unmitigated disaster on both my body and my mind. I would be more than happy to loan you my children on a short-term basis if you need to experience the joys and pain of parenthood. Mostly, it would be pain.
As for my disclosure, that's MY circumstance at this time. I'm fully and aggressively invested in this stock. It accounts for a full 10% of my portfolio, and that's after the recent price falls.
I think you'll find that's between 3 and 5X what your average, "I'll make 10%p.a., pre-tax and before fees, if your lucky" Fund Manager would recommend as a portfolio weighting in an highly speculative stock, as this is.
The reason I can justify an aggressive approach is because:
1) I have a good 20yrs to retirement so I can afford to take some chances, and
2) I have had a good run over the last three years with NST, S32 and BKL so I'm more than happy to put some of that on the line to give myself an opportunity for potentially life-changing returns.
The reason I won't invest more at this time is because:
1) No investment is full-proof and you would be reckless to put all your eggs in one basket, as they say; and
2) At the end of the day, I don't consider the money I invest as mine, it's ultimately for those same aforementioned pain-inducing kids. Though I am a risk taker, I do have my limits and I do like to keep up some semblance of 'money management'.
Having said all that, if the price continues to fall, I may find myself doing the hagetaka shuffle and selling some household goods/appliances/furniture/little people on eBay to buy more stock.
Now, I'm going to make this my last post to you because I know it can be upsetting to other holders of the stock when forums get taken over by people not discussing issues relating to the stock itself.
To other people reading this post, I would sincerely suggest that you do your own research and that you invest according to your own situation and risk tolerance.
To the LadyinRed - passionate, fiery, full of life, adventurous - I would suggest you join us on this little voyage. Take a chance, show some faith, expect greatness. I certainly wouldn't suggest you invest 10% of your Portfolio, maybe 5% will be enough to give you the ride of your life. What better time to invest than after a setback. Consider buying in 2 tranches just in case the Share Price is further compromised.
Up until a couple of weeks ago this stock was one of the hottest in the mining sector. Many were complaining that they'd missed the boat. It's had a setback, and that's ok. That's part and parcel of investing, not only in this space.
One of the real attractions of this Company is that it has many chances to come good - Polar Bear, Norcott, Sweden, Finland. I'm guessing most of us will be holding on to see what's under those 'moose pastures' in Sweden as those seemed to be the assets which most excited Management.
I wish you all the best LadyinRed and I sincerely hope you join us.
Kind regards,
Proctalgia Fugax.
S2R Price at posting:
50.0¢ Sentiment: Hold Disclosure: Held
