I have been very successful over that last year making 600k profit. Thought I might share some simple secrets.
TRANSITIONAL MINING STOCK
Firstly I operate on the assumption that other people are more intelligent than myself. For example when a company has loan approval for 70million to start mining thats when i jump in and buy. I presume the banks will not lend $70 million or even $2 billion to a company without good research. This has worked and given me profits of 200% plus.
SPECULATIVE
If I invest in speculative stock, I try to find stock that has a resource value that is equil to its market cap. In other words the value in the share price is backed by a resource. This tends to reduce the volitility of the share price and allow me to exit without a loss.
Good manangement. A good area and ground. An understanding of future metal prices and the cost of mining if the resource is large. eg how deep is it, infrastructure transport.
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Last
$63.15 |
Change
-0.850(1.33%) |
Mkt cap ! $12.33B |
Open | High | Low | Value | Volume |
$63.50 | $64.81 | $61.89 | $21.34M | 336.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 15 | $63.15 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$63.16 | 342 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 80 | 63.250 |
5 | 30 | 63.240 |
10 | 331 | 63.230 |
3 | 125 | 63.220 |
10 | 205 | 63.210 |
Price($) | Vol. | No. |
---|---|---|
63.280 | 175 | 14 |
63.300 | 25 | 1 |
63.320 | 63 | 3 |
63.330 | 25 | 1 |
63.340 | 69 | 3 |
Last trade - 15.14pm 16/08/2024 (20 minute delay) ? |
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