CST 7.23% 7.7¢ castile resources ltd

italian guidelines, page-7

  1. Eby
    10 Posts.

    Lopez,

    Let's get real

    The smart money is buying now and over the next year, all you CST apologists that have been providing the entertainment for the last 6 or 7 years (yes I've been watching all that time) were the best part of a decade too early. 9 out 10 people that have been in the market during that time have made good money but for those of you that didn't buy the float it has been,in real terms,a major loss making exercise. The problem was that all you peaceniks talked it up and up and up until it got so high it could only go one way and now when it's propects are good no one wants to touch it

    Years ago on OzeStock I dared to challenge the mantra that CST would be churning 9 digit profits in no time at all but love is blind and no one wanted to hear anything other than how bright the future was and when it didn't happen there was always another excuse

    It's been so long now that it would be no suprise if most of the shares that have been sold over the last year or so were long term holders looking for better returns elsewhere in the market and they probably played safe bought the banks and lost out for a second time

    There seems to be a concensus among you CST fans that profit is somehow going to leap from $2m this year to $10m next year,it just won't happen. As I said at the start, get real. $6m profit at best, Which means a share price of somewhere in the region of $2.80 to $3.50 which for those of us buying now represents an excellent return but you long term cheerleaders will need a much higher share price to make up the lost ground

    I'll head back to my cave now



 
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