OXR oxiana limited

subjectivity of a new big miner

  1. 45 Posts.
    Just a question to see what other think - there is a high pshycological cost of forking out tens of thousands of dollars for only a few hundred shares as far as new, novice, mum and dad investors, and even those with a 1-2 years trading exp like myself. I know its all about how many shares are on issue and cap but IMHO it will play a part in OXR share price increase.

    From my memory, whenever you have a big miner/company who is cheap (per share eg. <$9), like BHP Billiton was when it emerged several years ago, FMG, and FMG after the 10x consolidation or whatever you call it, Alinta, TLS and TLS2, woodside, caltex etc etc) it always ends up increasing in share price significantly because of the APPARENT CHEAP ENTRY COST. To use a relevant analagy, a 2 bedroom unit yielding the same as a million dollar house costs 45% of that of the house when fundamentals say it should only be worth 30%. People buy the best asset they can and buying if you cant own 1000 rio or bhp shares, who would you buy next? Go Prominant Hill!
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

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