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If the is the start of the speculation phase described by the Lassonde curve then a 6x - 10x could happen in short order. I’ve experienced this in practice with many mineral stocks. Have not quite profited from it as much as I should have.
Glad I topped up on the recent takeover speculation. Looks like we may get to a fiver organically. I am more than happy to take both the capital increase and the decent dividend which I reinvest for compound value growth.
I do/have. Had some shockers but I have an appetite for risk I always going to bomb out on some but do well on other.
However, I bought Shell shares for my wife’s ISA at what I thought was a decent price with strong dividends every quarter, what’s not like. Bang they cut the dividend for the first time in decades and the price goes south 30% or more. Thankfully her portfolio is recovering now with a decent spread including some PRE.
None our investments are safe as external factors can cause unexpected results - especially if the Ruskies continue to play silly beggers.
I did not rise to Theo’s bait. He is correct that pretty well everyone is underwater at SDX. I don’t advertise my portfolio - there are some good and bad in there but overall I am significantly up over any period you could choose. Bought in at 25p here about 20 months ago, so even at current pricing I am well ahead, and continue to hold even with Theo and Dumbo completely failing to persuade me otherwise.
All you can gather is that I am not risk adverse and balance my portfolio fairly aggressively.
Oh, opening my advent calendar The first was Dumbpunter saying that it is not possible that Santa lives in Lapland, the second was Charles H say that the elves could not make all those toys in time and on the third one so far Theorist was questioning how reindeer could fly.
So the three wise men journeyed to Saltend where a star arose, and there was peace across the rare earth
So I am looking forward to many more fun advent windows opening before falling into Christmas.
Everyone knows DP is a plonker. What surprises me is why people still rise to the bait and give some oxygen to his rantings.
If this were pre-internet then a duel with him would go something like this.
One fine day in the middle of the night
Two dead men got up to fight
Back to back they faced each other
Drew their swords and shot eac other
These guys have deep pockets so what they are throwing here is trivial. If there is a strategy what is it especially as it would be difficult to drive the price down as we.are buying on the dips and tucking in.
So if someone is playing games I can’t discern the plan. It is also clear that there are LTHs over and above the majors are sitting tight. Just seems marginal plays - don’t know; open a bottle of wine I guess as it is the end of my day.