Wigram Ventracor crashed because it has no earning’s, it may never have any. Share prices rise over the long term because of earnings’ RDF will not crash it has huge earning’s growth which will drive the share price.
I would much rather put my money into RDF at 1.86 than Ventracor at 1.70. You might find that your 90,000 turns back into 30,000. The lesson of the tech wreck was “don’t buy shares such as Ventracor as it may turn out to be pure hype. Buy stocks with earnings. Just because a stock has increased 4 fold in 12 months does not make it a bad investment. It just means investors did not understand the true value of the stock. Have you heard of Toll, Flight Centre, City Pacific. They just keep going up because earnings are going up.
Also 12 months ago you could have used a dartboard and you would have had a good chance of tripling your money. Circumstances are now very different. Anyone who can double there money in the next 12 months will have to be exceptional
RDF Price at posting:
0.0¢ Sentiment: None Disclosure: Held
