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[Balance]

Finished at $0.27 yesterday. So Im happy with an 8% overall gain so far. Story is still a potentially good one. Next update will be telling. Apart from the risk that this is still a bit of a Penny Dreadful, there is also the very low liquidity. I'm going to find it hard to exit my position if things don't go as I hope.

Very hard indeed to get out as TAM found - without slamming the sp to bargain basement levels.

Which is what gives me confidence with this investment - the investors (Irvin Kessler - 25m shares and Ranjan Tandon - 84m shares) who bought off and took TAM out would have done their homework, well aware of that risk.

In for the ride - RBC's sister company, Tenon and the 200% return it gave some of us - gives me confidence that stocks which are ignored by the market can deliver huge returns when they come good - because the market in NZ is notoriously bad at pricing turnaround stories.

Best example in the last year? Serko - 950% return from its low point last year. How can a market get it that wrong?

[Biscuit]

Just bought a small parcel this morning while I look some more at this one and see if the turn around is real. Not a very active market for a reasonably sized company.

[minimoke]

Just bought a small parcel this morning while I look some more at this one and see if the turn around is real. Not a very active market for a reasonably sized company.

Thank You. Just gave me a 1.9% increase in holding value on that trade

[Biscuit]

Thank You. Just gave me a 1.9% increase in holding value on that trade

No worries, happy to do it.

[minimoke]

No worries, happy to do it.

Easy come, easy go. dropped down now to my break even point.

[Biscuit]

Easy come, easy go. dropped down now to my break even point.

The lower it goes the better as far as I'm concerned at this point, no hurry yet.

[sb9]

Sellers not budging at the moment, getting close to announcement date perhaps....

[minimoke]

Sellers not budging at the moment, getting close to announcement date perhaps....

Another little tickle along with an 8% rise to $0.27 (I could do with all the good news I can get at the moment!)

[BigBob]

Another little tickle along with an 8% rise to $0.27 (I could do with all the good news I can get at the moment!)

Bit more than a tickle... at 30c now on low volume, but still.... a leak somewhere...?

[t.rexjr]

Bit more than a tickle... at 30c now on low volume, but still.... a leak somewhere...?

Sheepers there's some action afoot!