WMC 0.00% 20.5¢ wiluna mining corporation limited.

Gold Turnaround Story of 2018, page-1339

  1. 4,596 Posts.
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    Unfortunately mining doesn't work like that. That in itself is good news because if you put the effort into understanding how it does (over many years), you can make money based on market inefficiencies (not random luck). Miners on the ASX have a lot of retail punters, most of whom are just in it to get rich quick. Analysis is generally limited to a tip from a mate, reading the garbage presented by glossy "investment" tip sheets (much of which gets spewed up on here presented as "fact"), or wherever, but the reality is 99% have absolutely no understanding of the deposit, the mine plan, the quality of management, how the company is run, how it trades (the list goes on), nor do they put in the effort to learn. Unfortunately it's these people that end up paying the wages of institutional money, insiders and professional traders.
    Last edited by CaptainGrumpy: 22/03/18
 
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Currently unlisted public company.

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