SHREWDY, Happy new year mate. You are still a bit of a worry with your attitude to investing you seem to think logic controls the market. ITS FEAR GREED AND MANIPULATION that fixes the prices, once you understand that you will be a much wiser investor. Lets take your NZO for instance its what comes back into your pocket that counts which has very little to do with basic fundamentals. WHOOPEDOO the share price increased by 10% or whatever in 2008 as the market crashed but over a period of four years its done nothing.
Lots of people lost lots of money buying and converting options. They couldnt or wouldnt be told otherwise writing pages of crap about peak oil, when the only thing influencing any commodoty is market manipulation, and market sentiment. You study the company, i study the market, until you understand the difference you wont do any good when the market turns on you.
Study the commodoty price charts, then the company best fitted to take advantage. Know when to hold when to fold know when to walk away know when to run. You were caught with an illiquid share and lost half your stake bleating on about how right it is, and the market got it wrong.
Learn from that, dont do it again, remember its the market that judges rights from wrongs, not you or me bleating on with fundamental crap. Take some TA lessons from PHAEDRUS and forget this fundamental SNOOPY investor type bullsh*t. I doubt very much that i will be back in the market this year, unless the commodoty charts show buy signals so good luck this year mate, feel free to give me a blast now and again. Macdunk