IGR 0.00% 50.0¢ integra mining limited

official opening of randalls mine, page-18

  1. 4,367 Posts.
    lightbulb Created with Sketch. 2703
    So you put all your money on the one bet and it came home and therefore you think that was a clever thing to do.

    I disagree.

    Assuming you totally want to ignore the laws of probability - which you have by applying your logic - you should have bought the winning ticket in the recent Euromillions lottery. For perhaps a 10 euro outlay you would have won 129 million euros. The best that Integra is likely to offer you is a ten or twenty bagger but by buying the winning ticket in that lottery you would have had yourself a ten million bagger. Using your logic by buying Integra shares rather than the winning lottery ticket you've had a massive fail.

    Of course if you were willing to accept that the laws of probability exist you would realise that you've had a lucky break. For everyone that went all in on a single stock perhaps 20% win, 60% do no better than average, and 20% lose everything. Sort of like playing russian roulette with your life savings but hey as long as you keep winning then you are the smartest kid in the class.
 
watchlist Created with Sketch. Add IGR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.