Dysol out

We have sold all out shares in solar dye developer Dysol Ltd (ASX: DYE). Basically, they continue to spend money on product development, but seem unable to ever get anything to the commercialisation stage. We sold at 21c for a loss on our investment of 59%.

Other long term speculative investments have not fared much better, although Geodynamics has risen in value by 30% since June (from a very low base) and Redflow has increased in value by 45% since our investment in June. We are not sure why Geodynamics is rising. Such investments represent a relatively small portion of our portfolio.