Spyglass Resources Corp SGLRF

Value Investing

[qwqw]

The method I use for investing is similar to the one I use for buying groceries.
Canned soup for example.I only buy it when it's on special and then I load up.
Sometimes another store may have a better deal,I  load up some more aka
average down.
Not a good strategy to use when a company has high debt.
Most investors assume high return = high risk and most of the time that is true.
But with the rare gems like Insignia, low risk = high  potential returns.

In 1999, I found an O&G company called Cavell Energy.O&G was out of favor at the time,what else is new. It had decent #s, Nav was 60 cents,  low debt ,etc.I started buying at 18 cents, it finally bottomed during Dec at 8 cents????? I wasn't too happy about the low but took advantage of it by loading up.
When the dust settled 25% (normally I try to limit it to 10%) of my portfolio was in Cavell.But like they say if you like it at 18 you'll love it at 8 (or hate it).The stock was beaten up not because the company
was going under,but good old tax loss selling.
It was bought by a Trust a few  years later for $2.55 Danke schoen
Was there higher risk buying it at 8 cents than 18? The risk was similar
As long as the company is healthy your risk is the about the same.
But obviously your potential return is?