RE:Neptune3Re: EFR
A most amazing Odyssey for this company, spun out, as it was, from DML. That journey, as if on a roller coaster, with all its twists and turns finally hit the straightaway and EFR was shot clear into the New York market. One helldammer of a ride and that’s no understatement!!!! As soon as that stock began trading on the “big board” it took a swan dive into what looked like an empty pool. It crashed from about $7.50 right down to $4.75 all in a matter of 2 or 3 days. I put in an order to buy 100 shares (to add to my total) at $5.15 and actually got filled at $5.14. I didn’t do that out of any conviction that the stock was a screaming buy. No, it was an act of defiance, - thinking that I would rather jump into the pit than have someone push me. I hope you can see the humor in that. Now look at EFR. It has recently developed a love affair with the $11.00 figure. Sometimes the sums of the parts are greater than the whole. Such was the case of EFR severed from DML and set free in the U.S. That was just one thing that the DML board accomplished, the metrics of which the average retail investor could never have hoped to fathom. And the Board didn’t sell it and give out the money in bonuses but they deeded those shares to we the people, those of us that held on in post Fukishima and who believe in this industry. Yeah sure, in hindsight maybe those assets were worthless at the time but I prefer to think that the DML board took the moral high ground on behalf of their shareholders.
I hope that many of you still retain those shares and I’m happy to hear that they are in your portfolio Neptune.