GPR

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2.6¢ geopacific resources ltd

don’t forget to remind him it’s down 8 percent and you can now...

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RinaAkira

171 Posts.

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04/04/23

10:16

Post #: 67121814
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Originally posted by goldnerd: ↑

I think @RinaAkira is making the point that junior mining companies including Geopacific are incredibly risky speculations where more often than not the outcome is unfavourable for shareholders. I have data that fully validates this point of view. I follow close to 200 junior mining companies and over 50% of them destroy value (its a fact). The median for my list is actually -1.3% (so 50% of the list destroy 1.3% of value or more over time). The average value added over this list of companies however is presently 79% thanks to a number of outliers (predominantly lithium companies but not exclusively). What this tells you is this sector has the potential for strong returns over a handful of companies which can more than adequately make up for the numerous losers. This sector has an asymmetrical nature which is what appeals to speculators. I have found some of these best candidates fall in the sub 15 million dollar Market Cap category, hence my interest in Geopacific.

For people who are looking to put next months mortgage payment (or any money they can't afford to lose) into a company like this, I would agree that's not a good move. On the other hand most people who participate in this space have made and lost enough money to appreciate the risks associated with these plays. I have personally weighed up what I consider to be the risk and reward and am prepared to roll the dice and will fully accept the outcome. A favourable outcome for me is a share price north of $0.06 a share. An unfavourable outcome is if the share price declines below $0.01. My entry level is $0.02.

Chances are @RinaAkira will be right and I am perfectly at peace with that. I will move on to the next play.

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don’t forget to remind him it’s down 8 percent and you can now buy well over a million at 2.5 .

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GPR Price at posting: 2.4¢ Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 2.6¢		Change 0.000(0.00%)		Mkt cap ! $27.26M

Open	High	Low	Value	Volume
2.7¢	2.8¢	2.6¢	$42.82K	1.587M

Buyers (Bids)

No.	Vol.	Price($)
2	201700	2.6¢

Sellers (Offers)

Price($)	Vol.	No.
2.7¢	445094	1

View Market Depth

No.	Vol.	Price($)
2	201700	0.026
2	620000	0.025
1	500000	0.024
2	246648	0.023
1	50000	0.022

Price($)	Vol.	No.
0.027	445094	1
0.029	938309	3
0.030	151800	2
0.031	100000	1
0.032	161291	1

Last trade - 14.39pm 30/08/2024 (20 minute delay)

GPR (ASX) Chart

don’t forget to remind him it’s down 8 percent and you can now...

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don’t forget to remind him it’s down 8 percent and you can now...

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