ASX 0.09% $64.06 asx limited

sub prime is no game, page-7

  1. 5,265 Posts.
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    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
$64.06
Change
0.060(0.09%)
Mkt cap ! $12.42B
Open High Low Value Volume
$63.50 $64.81 $61.89 $35.08M 551.0K

Buyers (Bids)

No. Vol. Price($)
1 1495 $63.99
 

Sellers (Offers)

Price($) Vol. No.
$64.10 1005 1
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