Instead of averaging down I cashed a few in at a small loss and...

  1. 307 Posts.
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    Instead of averaging down I cashed a few in at a small loss and bought 30x Australian Gold Kangaroo 1oz gold coins @ $1,100 each=$33k yesterday they were worth around $2,265 each=$67k+. With all the world turmoil and the stock market rising off the scale PHYSICAL! gold's future looks bright and tipped to rise this year.
    We all buy stocks that lose us money and gold miners are probably the biggest losers for most, chasing the big and quick profits. It's nice to have a potential big money stock as long as the porfolio is basically solid in other areas.
    Since PRX have gone from being a potential gold producer (ABU) to being an exploration company only, we need to ask what is the upside for the small shareholder should they make a big find? Or, will all the big boys step in for silly money?
    I still hold a substantial amount of shares that now owe me nothing after making profit on them in the early years 2007. I would like them to come good after being part of the journey for the past 13 years and hope for all current holders that they can get some money back but I have written them off with little upside evident at present. All just my 2c of course DYOR.
 
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Last
0.2¢
Change
0.000(0.00%)
Mkt cap ! $6.350M
Open High Low Value Volume
0.2¢ 0.2¢ 0.2¢ $925 462.3K

Buyers (Bids)

No. Vol. Price($)
49 228425250 0.1¢
 

Sellers (Offers)

Price($) Vol. No.
0.2¢ 14472415 13
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Last trade - 15.09pm 20/06/2025 (20 minute delay) ?
PRX (ASX) Chart
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