PGO 5.62% 8.4¢ pacgold limited

Thanks @Wack, appreciate the level of effort in contacting the...

  1. 444 Posts.
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    Thanks @Wack, appreciate the level of effort in contacting the company and having an honest yarn with them. I've done some solid review of my personal investing – given the close of the fin year and all – and the 'patience' part has really been illuminated. An example: I held BBX from $0.019 and sold only enough to cover my initial investment (to free-carry) when it spiked to $0.19, a straight-up 10-bagger. In fact, I went on to average up when it came back to $0.09. It was a very similar timeframe and set-up to my position in PGO. With respect to BBX, I eventually grew tired of waiting for the company to dial in their extraction methods and ended up selling my whole position at a small loss – not dissimilar to the recent sell-down of PGO as holder grow tired of the wait. Nine months on and BBX hit $0.31 today. Yeah, cop that. I won't deny that hurts.

    Obviously PGO is a completely different company, in a different part of the world. But as per your earlier post, patience can prove the difference.

    Food for thought at the very least.

    – Alby
    Last edited by AlbyTangles: 09/06/17
 
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