Member Info for DGR1980

grzesiek - lovely of you to pop up on a red day after 4 months away from the board to provide us with all your negativity, especially given all the major indexes are red today

Indeed they are.

Red day - Check
Stevomining on here posting huge chunks of text which say the same thing every time - Check
Other posters with minimal UFO posts giving price predictions 25-50% lower than current price - Check

Quant - A single days rise or fall is irrelevant

I sold about half at 3p, but then put it all back in again when we slid back to 1.5p thinking it wouldn't go further

Damo - There were a lot of rockets and BOOMs going on when it went from 0.72p to 3.2p in the space of a week. There were also a lot of people who are heavily down because of the spike

Max - 3.2p was the max it got to then. I remember because i got slated by Napth for pulling out some cash at 3p when i was 400% up.
The thing to keep in mind is that at that point we were heavily focused on the mexican mines and lizzy hills, so only on silver regions. Since then we've moved to be more iron ore focused

Interestingly there is now an article on the HL news section about how landlords are snapping up cheap properties

Couple of red days and Stevomining is back.

Some things can be predicted exactly

I'm with Shaun on this. I don't want a takeover any time soon. I'd rather we got big

Smiller - It could happen I agree, however we're now 2 1/2 weeks from Christmas, and things will naturally be slowing down as people have time off.

I'm not anticipating anything major until early january when there is a decent period without public holidays for a good sp run.

I may be wrong, in which case i'll be delighted, but as i'm not anticipating anything i'm not going to be disappointed if we don't hear anything

stevebt - Thats approx 140% up from here in three weeks.

Would be nice if it did happen, but i think that might be optimistic as i don't see much news before January now

I'm not sure we'll see much upward movement from here until we've had the next trading update

I can see a takeover bid in 12-18 months when more tenements are firmed up

Smiller - thats fair. Personally i don't think i'll ever trust myself enough to buy past about 30% of my portfolio in any one share. I have enough fails in the past for companies that looked to have everything going for them, that theres always that nagging feeling in the background.

That said i will hold to a much higher portfolio percentage if the sp rises.

smiller - So you're looking at 20+ years for a couple of complete market cycles, or when you lucked into a share which let you retire?

smiller - At what point can you say you know what you're doing though? How many market cycles do you need to have been through to understand that?

stevebt - and thats why diversifying a bit is a good thing. That said UFO is likely to do more than 3-4 bags in the next year or two

smiller - I think you can do both. It may take a little longer than if you have the luck to hit early and hold on through the shenanigans.

Personally I have a decent sized holding in GGP and UFO, both of which i think can offer the multi bags over time, and a third chunk which is in divi payers. That way if one of my potential big wins doesn't pan out i don't lose everything. If they do pan out, then i can take profit out and start looking for the next big win from a bigger starting point. Yes i'm not going to be able to retire overnight, but i'm also not going to wipe myself out overnight either.

This is how i ended up still having a reasonable amount in GGP when the SXX debacle happened

Chrisat - The cynic in me would suggest Tacit is looking for people to buy the slices he is trying to sell at various points when it rises

Seems i'm one of the few here from a value investing point of view. I'll be continuing to build up a nice little holding as long as my average stays below 100p.

If it goes lower again, i don't care, i'll just be adding more. While my average remains below 100p i'm looking at a 9% yielf on my buy price