True Nij, I sold into the rising prices but kept a nice parcel...

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luigi9

216 Posts.

24/11/18

14:59

Post #: 36627649
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Originally posted by Nijiman ↑

Originally posted by Sarg
Hi Luigi
For the understanding of the young bulls out there how many years did you hold Dalrymple etc before they hit paydirt??
I guess not overnight exercises, with most experienced industry players suggesting from time of floating a company it’s often 10 years plus when if ever they get lucky enough to find a significant mineable discovery!.

Peel has been persevering for about 11 years so that’s in line with general expectations, without guarantee so I beleive with three discoveries Wirlong Mallee Bull Wagga Tank Southern Nights (sorta 4) we’ve done incredibly well thus far!!.
This is one reason why I reckon we are too cheap, just 220 million shares on the register is another.
My Mum had a medical appointment recently, afterward went to a Cafe to recuperate, she drove herself to both, alone at the tender age of 96. Likes Peel too.
So there’s hope for us yet Luigi, stay the course sir lol!!.
Sarg
Well i dont know about Luigi Sarg, but i bought Dalrymple in 1993 & added to it regularly over the next 6 years until they discovered the Thunderbox deposit in 1999.

Great price appreciation after that. BUT Dalymple then got taken over by a Lionore Mining scrip bid in 2003. Then essentially went lifeless for another 4 years. Until the nickel price hit $U.S 54,000 ton in 2007 & the crooks who ran Lionore convinced Xstrata to bid on it not long after. I say crooks because they had both Xstrata & Norilsk ( who entered the bidding war ) convinced it was a substantial company. Norilsk eventually won the day with a $6.8B bid. Then about a year after buying it realised it was essentially worthless.

I doubt those Lionore exec's are still alive. A Russian company is not going to forgive such a con job. Anyway so by the time that was over that was a 14 year investment on my part. But a 9000% + return. Those are rare beasts.

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True Nij,
I sold into the rising prices but kept a nice parcel for the closing bid of C$28 (A$31)Sweet!!

PEX Price at posting: 49.5¢ Sentiment: None Disclosure: Held
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Last 12.0¢		Change 0.005(4.35%)		Mkt cap ! $63.91M

Open	High	Low	Value	Volume
12.0¢	12.0¢	12.0¢	$11.65K	97.13K

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No.	Vol.	Price($)
2	50192	12.0¢

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Price($)	Vol.	No.
12.5¢	100000	1

View Market Depth

No.	Vol.	Price($)
1	15656	0.435
1	25000	0.430
1	12000	0.420
3	48000	0.415
2	100500	0.410

Price($)	Vol.	No.
0.450	18788	1
0.455	4859	1
0.460	12349	1
0.465	36629	2
0.470	2000	1

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True Nij, I sold into the rising prices but kept a nice parcel...

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

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

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