GTE

Bought it a long time ago for less than 10c a share. And throw in some options, bought at 0.1c a piece, then you can see that GTE has been one of my better performing stocks.

Better still, I bought at IPO, got in specie distributions, bought all the entitlements and topped up when hardly anyone wanted the shares. At 53c now, I have made a huge profit from GTE. All this paper gain without any JORC-compliant resource. But there is great expectation. It means it can drop to nothing overnight, too.

I got some GTE free after the IPO. It was spun off another share of mine, URA. URA is almost dead but looked like there was a second life until the Japanese decided to cook a few nuclear power plant with salt water and pump failure. While URA is a net loss, the profit from GTE has more than covered for it.