Hindsight is 50/50.As someone said you dont go broke making a profit.Out of 10 speculative penny mining stocks ,3 or more will go bust ,one or two if you are lucky will do well and 5 stay the same .Most novice investors loose money on penny mining stocks.
One of the keys is to know when to sell.
Investing in Major producers which pay a dividend if you are a gold bug is the safest way to go ,such as Agnico,Newmont ,Abx .
Once in a generation there will be a major bull market in explorer mining stocks and it is wild and crazy .the last one was 25-30 years ago.
Many small mining executives of penny explorer stocks can be described as “a liar in a hole in the ground”.
If you hang on too long you can easily loose most/all of your money ,just ask the investors in Bre-X.
GOR has the potential to do well as it has cash flow and assets .It just needs to change its current course in a gold bull market .Managements often have great difficulty doing that as they enjoy the gravy train of steady income ,getting stock options etc.
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Hindsight is 50/50.As someone said you dont go broke making a...
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Last
$1.64 |
Change
0.010(0.62%) |
Mkt cap ! $1.771B |
Open | High | Low | Value | Volume |
$1.61 | $1.64 | $1.58 | $6.977M | 4.319M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3058 | $1.63 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.64 | 82265 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3058 | 1.630 |
1 | 25901 | 1.620 |
8 | 138454 | 1.615 |
8 | 84552 | 1.610 |
4 | 85660 | 1.605 |
Price($) | Vol. | No. |
---|---|---|
1.635 | 82265 | 7 |
1.640 | 103086 | 5 |
1.645 | 70630 | 3 |
1.650 | 62721 | 4 |
1.655 | 6971 | 1 |
Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
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GOR (ASX) Chart |