Bottom Drawer for Another 4 Years7 Nov 2018 09:24
Well I think I'm just about over Fridays bombshell. I've been through the ringer here a few times, holding for around 4 years. I still have belief in LCs ability to deliver but his communication with the market is terrifyingly bad and has not improved whilst I've been a holder. We've been strung along for far too long and talk of special relationships and expeditious delivery is fantasy talk as has been proven recently.
As for the Tanz Gov/Tanesco... they clearly don't have a clue what they want or how to get there. They are damaging themselves, their economy and their people and the sooner they get their act together the better for all. I have no idea what happens next in the story of Kibo and will find it hard to trust anything LC has to say moving forward - it may be the truth at the time but whats to stop the goalposts moving again?
I retain my core holding here, pretty low avg (before we slid into the depths of despair!) so am confident that I will still see a return on my investment...some day. I've learned some valuable lessons along the way so the experience has been a worthwhile one. Interesting to see some uber-bulls have finally got the blinkers off and are reading the situation for what it is. I have empathy for those who were topping up every other week in the 4's and 5's - to see the SP dip into the 1's was not a pleasant experience. GL to holders moving forward, maybe 2019 will be the year!