you are an antagonist, so I thought I would just call you out.
not much of a fishing trip was it 3.57pm to 4.17 pm
What a great thread...kiwis are great at making the stuff...but ..in my opinion...hopeless at keeping it.
You could be describing just about any company in NZ at the moment and with our stupid border rules continuing, the hurt will continue to be magnified. Absolutely crazy !
But like Percy said, this is 4 years old and he's just updating, not starting now ! In the scheme of things, PAZ's current issues are indeed slowing things down but will be just a small dot in history looking back, for those with enough patience :-)
Happy Easter all.
The complete paucity of liquidity means you could never have invested $1m four years ago, (even if you had that much spare investable funds back then), without radically affecting the price so that invalidates your theoretical conceptual percentage gains. The point of this thread was to identify which companies you can totally trust as a safe investment for a decade that you really could have invested $1m in. To do that you need $1m in cash and the liquidity to create a position without dramatically affecting the share price. PAZ has never had the liquidity to do that. Few, if anyone, took the intent of the thread seriously which is why quite some time back I tried to cancel this thread twice.
I'll leave others to work out for themselves why you dug up this very old thread. Its seems obvious to me.
What you suggest is true Iceman but the risks should be crystal clear for any company currently trying to double their workforce. My contention is that labour shortages are chronic, will be severely enduring and there are real implications for serious ongoing pay rate increases and serious implications for future eps growth. Each to their own, I'd rather invest in a reliable GARP, (growth at a reasonable price) stock that's going to give me reliable growth and income as well as decent liquidity.
Yes under $1mil,yet a very considerable amount.
Others did manage to buy between 500,000 and just over 6mil shares at the 7 cents level.[I bought somewhere in between.]
Liquidity on Unlisted has been surprisingly good.I also managed to build a substantial holding in SFF for both myself and my wife in under 18 months.
Both PAZ and SFF are held in our long term portfolios.
My point is no matter where a company is listed, so long as you do your research and buy for the long term you will do well.
A case in point I held Ebos for 27 years.
So far my PAZ and SFF holdings have been incredibly successful.
We also hold GNE,HGH,and SPK in our long term portfolios,and have added SEK this year.
All the above holdings I expect we will be holding in 10 years time.
I saw the point of this thread clearly,so acted accordingly.
I have never had cause to change my mind .
ps.I look forward to posting on this thread in a year or two's time...loli