Are your millions in Coal black-swan proof? What happens if a new energy source is discovered that makes sentiment in coal/fuel crash? Hope you also have millions invested in other areas to spread the risk a bit...
Yes, you make a good point..nothing is guaranteed...High risk = High return...At the moment, most coal mines are battling to meet the demand, so I am hopeful that the demand will ensure the profitability of CZA...The next six months will be critical. If mining at Vele goes according to plan, the share price should improve dramatically...My investment in CZA is about 10% of my total portfolio, so if goes becomes obsolete, I will survive, but will not be happy !!!
Hi Werner, i'm looking forward to winning Simons old empty ball point pen! U really put in a great deal of work and effort in both the competition and your website ... www.valueinvestorsa.com... thanks
The only stock I have been holding long-term is STX40. I am on a monthly stop order since August 2005. My time horizon is 25 years. I know this is low risk, low return but I'm happy to use it for retirement.