Not even close.
You are saying for a 5 to 10 year bet. Let's say that the price (theoretically is going to be $5.00). You park your money in SGH now at 25c with let's say a 20% chance of $5.00 (2000% return) and an 80% chance of $0 (100% loss). Expected Return is 400%
Now let's say Tumble doesn't buy now but buys after the banks confirm support for SGH. He pay's 50c with an 80% chance of $5.00 (1000%) and 20% chance of $0.00 (100% loss). Expected Return is 800%.
Even ignoring statistics if you are willing to take risks you could invest in an oil and gas or a gold junior and make 50 to 100% on far less risk now and then invest in SGH after banks give support (even if that is at 50c) and make the same return. For considerably less risk
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Why I brought SGH, page-16
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Last
$50.50 |
Change
0.140(0.28%) |
Mkt cap ! $20.52B |
Open | High | Low | Value | Volume |
$50.55 | $50.84 | $50.21 | $3.840M | 76.02K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 102 | $50.49 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$50.51 | 111 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 91 | 50.490 |
1 | 50 | 50.480 |
4 | 144 | 50.470 |
4 | 143 | 50.460 |
8 | 203 | 50.450 |
Price($) | Vol. | No. |
---|---|---|
50.510 | 135 | 13 |
50.520 | 142 | 8 |
50.530 | 180 | 5 |
50.540 | 351 | 12 |
50.550 | 438 | 12 |
Last trade - 14.29pm 15/07/2025 (20 minute delay) ? |
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SGH (ASX) Chart |
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HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
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