Sacnman and others...I also feel your pain. I stupidly have been...

Sacnman and others...

I also feel your pain. I stupidly have been taking my brokers advice and now have in excess of 500000 of these things in my SMSF (95%) and also in excess of 1000000 personally...I am sitting on tender hooks.

I honestly believe, however, that patience is the key here...I am sitting on some large paperr losses but this could change quickly with the BFS, upgarde to resource etc.

I am sitting this one out for the next 8 - 12 months as I gace done my reasearch, taken some advice, spoken to people (my old man is a an ex GEO and ex General Manager of coak mines at Middlemount and Biloela) and have had him look over the resource and he is impressed...all they have to do it get it out of the ground.

anyway in 8 - 12 months I imagine my finger nails will need a rest from being chewed not stop and I will either be sitting pretty or joining the dole queue - and divorced LOL

Take care all - and best of luck