Club Mulgoa

Friday, February 18, 2011

SBL

All I know is the EV is very low and it discovered manganese at its tenement. Still the share price remained pretty stagnant for a while. But recently, it started to move. And today, it sprinted.

It goes to show that if you buy something grossly undervalued AND it keeps churning out good news AND few investors want it, buy that company... from idiotic sellers! I have been topping up and topping up and topping up.... Initially with a tinge of regret. The regret was really about wondering why so few people wanted this stock... and I continued to make a loss. Not any more!

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