RE:RE:RE:RE:RE:RE:AGM tomorrow should be a nothin' burgerI am with Flamingo on this one, but I am very conscious of my personal circumstances - I only had a relatively modest holding pre-COVID, and sold early on as it was clear a recovery would be lengthy, if ever. I started to buy back in post-vaccine trials in early December at something like $2.35 and never looked back. I didn't have a six-figure sum that went down the tubes and if the Fowler steal had been successful, I would simply have made less profit, not a massive loss. I've now made multiple tens of thousands on the investment, with hopefully more tens to come, so it's pretty easy for me to be forgiving! If I was still around break-even, it would be much different.
Having said that Fowler really has got off the hook with COVID meaning people couldn't be physically there at the AGM, so he could see the anger of some shareholders. I hope communication improves but the reality is that these types of investments are very opaque unless management wants to be open. We will have to wait and see if anything really changes.
I do wonder what the balance of investors are now, in terms of me (new investor making a bundle) and Rob (old investor breaking even or a bit better/worse). With half the shares owned by SIR, Fowler and Irvine, there might not be a lot of Robs. I also wonder how many are long-term holders or will flip at some point - could be fairly volatile for the next little while.
Anyway, the hope is that old investors AND new will do very well over the next 12-18 months!
flamingogold wrote: I am happy if we get more clarity right out of the gate, but for now after 18 months of edge of the cliff trading, I am willing to accept the peace and a focus on getting our divs restarted.