PIR 0.00% $1.49 papillon resources limited

Reading your nostalgic posts and thought I would add...I have...

  1. 681 Posts.
    lightbulb Created with Sketch. 5
    Reading your nostalgic posts and thought I would add...

    I have been one of the lucky ones that bought when they were still Colonial(CLN). Back then there was no liquidity and the board announced a 7 for 1 share offer with 3.5 attaching options. The entitlement date was set and everyone wanted in, pushing the price to 39c. I had to sell quite a bag of SFR(story was unfolding) to get my bundle. Post entitlement she fell back to settle around 6-7c but slowly the pieces were put in place. There has since been the disappointments such as our first resource failure (Snowdon’s - from memory) and the Mali sovereign risks during the overthrow...But this stock has just kept on giving. I have held PIR, PIRO and PIROA in varying amounts over the years and it has by far been my best stock. Perhaps because I kept it so long??!!

    I am going to keep it for a while longer yet - seems there is a lot more gold to come. Karma will replace the many sandfire shares I sold for a mere 67c!!

    Moral of my story - If you judge it a real winner long term, sit on your hands.
 
watchlist Created with Sketch. Add PIR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.