I just sold my small holding for a 66.7% loss. I'm thankful I only had a small investment. I've learnt 5 important lessons re gold companies.
- Quality Management with a track record of delivering value to the shareholders' investment in the coy.
- A good resource base.
- Sufficient capital to enhance / develop #2
- SP must in a Weinstein stage 2 uptrend.
- Tenements must be in a Tier 1 location.
Unfortunately ANL (ASX code easy to remember as sounds like anal) only ticked #2. ANL was my first goldie I invested in and my worsest. I've since invested in others which meet 4 to 5 of the criteria I've listed above. These have yielded a 70% return on capital invested so far. So the cost of lessons learnt have been worthwhile.
CHN, DEG, EVN, GOR, MHC, MZZ, NML, RED, RMX, RXL & TSO
GLTA, I hope that your patience is rewarded but sometimes it is prudent to cut your losses and invest your capital elsewhere. A seasoned share investor, with over 50 years trading experience, recently advised me to have a shop keeper mentality. 20% of your stock produces 80% of your profits. Keep deleting those 80% stock lines that produce little or no profits.
- Forums
- ASX - By Stock
- ANL
- Ann: Capital Raise to Fund Major Exploration Program
Ann: Capital Raise to Fund Major Exploration Program, page-17
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ANL (ASX) to my watchlist
|
|||||
Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $25.74M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
ANL (ASX) Chart |
Day chart unavailable