RE: If you don't like a thread - just swear on it to get it removed....14 Aug 2024 19:53
I think Rich turd does not understand the concept of averaging down. I sold out after the war around 14-14.5p, I then stayed out of this dog for over 2 years and bought the same million back at 2.5p to trade out, therefore taking my average break even price from about 25p to 10p.
Now with EUA there are pump and dumps galore and it felt the risk was worth it and in hind sight 7.5p would not have been a bad exit point.
However I felt at the time there was another last pump to 10p possible but had not foreseen the company unable to do simple maths of
Cash Balance = sum of assets( sand, table cloths, shinny nuggets, sheds, rusty diggers) - expenses(the directors lifestyle cash)
Calculators all round