TPD
A chart update - there are headwinds at every pip - but there is potential and mining minows are prone to hyperbolic moves both positive and negative.
I wish you all the best with your investments - but urge you not to ruminate on daily fluctuations..put the shares in a bottom drawer and only check so often.Particularly, junior miners which are riskier ventures, especially in the developmental phases.
Juniors tend to have little capital, short histories, and high hopes for huge returns in the future. A junior company is essentially a smaller or newer company that is developing or seeking to develop a natural resource deposit or field.For the juniors, there are three possible fates.
- Most common is a failure, which leaves a hole in everyone's pocket, including that of the banks and investors.
- The second fate occurs when a junior has enough success to justify a major paying a decent premium to gobble it up, leading to decent returns all around.
- The third and most rare fate, a junior finds a large deposit of a mineral that the market wants a lot of; it is a magical combination of the right deposit at the right time. When this happens, juniors can return more in a few days than a major will return in years.
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