Here We Are Again30 Jan 2025 17:49
I've been stupid enough to be in this share since January 2008. I paid the princely average of 34.7p per share. Aha, some of you newbies might think, you've actually got a near five-bagger there! But alas as most of you know, in company with the long term holders, I've had the benefit of a share destruction (sorry, I mean restructure) in which my original shares lost 99% of their value. So instead it's become a massive loss. Anyway, the main point of posting now is to sigh. Sigh because I have genuinely lost count of how many times we have come to today's "cause of optimism" where news that could be positive, never turns out to be so. Of course I hope I am wrong. I want to be wrong! But this share, and let's say, the "context" of the investment has *never failed to disappoint*. I spent some time learning all the fundamentals here. Know the fundamentals, do your own research, right? Well I did. That's why I invested here at all. And can I say that fundamentals mean f-all when you're dealing with people who put their own agendas, corruption and general bl-dy mindedness ahead of the logic of the resources they have. After all, the people doing the "negotiations", the people keeping the pipeline shut, the people who think they will lose face if they actually agree anything aren't financially suffering personally as a result. So will anything be agreed. Ever? Perhaps. But if there is progress, for me it will be a surprise. I'm that cynical. But is it cynical to reflect what has happened so many times (or failed to happen). As I said, hope I'm wrong.