Australia's largest stock trading and investment forum Australia's #1 stock forum

G79

Click for more information

0.00%

2.7¢ goldoz limited

ASX suspension required, page-47

First 47 Last

Share
Profile

Follow
Tcb007

20,139 Posts.

2638

18/11/17

00:32

Post #: 28910231
Share

Originally posted by Cortex408 ↑

There are two types of penny resource stocks on the ASX:
1)Those that try to create value
2)Those that try to create an illusion of value

Creating value is very hard. You have to drill expensive holes in the ground to try to find a valuable resource. The chances of finding something economical are very slim.

Creating an illusion of value is easy, you just have to fool novice mum and dad investors from the bulletin boards. In this case, all it took was some pretty pictures of rubies on the ASX releases, combined with some vague talk of 'special stones' and the punters were convinced that MUS had the goods.

Now these punters are unable to sell because it is against human nature to admit a mistake and sell at a loss. So they'll keep on averaging down and praying for a miracle to give them a chance to get out at break-even.

Expand

Great post!

MUS Price at posting: 3.3¢ Sentiment: Sell Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

ASX Market Open: US Fed keep rates on hold but September cut more likely | August 1

Trimmed CPI figure provokes market jump of 1%, but inflation pressures remain a reality

1CG

One Click Group jumps 4% after ending quarter with $2.4M in cash; $1M in revenue and 150K+ users on board

STX

Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla

MGU

New results confirm Buena Vista's iron grades potential

There are more pages in this discussion • 1 more message in this thread...

First 47 Last

Add G79 (ASX) to my watchlist