RE: I’m out19 Jun 2019 13:31
3 years. No I won’t be re-entering, sticking to tracker funds now which have done well for me so far.
Financially the company is in great shape. Lots of cash in the bank vs mcap. So it isn’t going bust anytime soon. But with the Slovenian Government so easily swayed by the environmentalists, we are just never going to get the well stimulation permits. We’ve tried for years and I hung on because I always thought they would see sense. Ultimately litigation is a costly business and there is no guarantee of success even with a strong case. There are also lots of risks associated with moving out of a well-known project into a new country. We don’t even though what the new projects (if any) the BOD is eyeing up. I’m afraid it’s reached the point where the unknowns and risks of staying invested here outweigh any possible reward. The investment case for me no longer exists so it was an easy decision to sell.
I’ve learned a lot out of being invested here so it’s not been a wasted experience and I will now be able to sleep a little bit easier at night.