FMX when gold was near its bear market lows around 13 years ago and markets were strong, I found a gold stock paying a 10% FF yield.
Hill 50 gold. I bought despite the worst bear market for gold because that company had strong margins and profits DESPITE the weak POG.
I see that as being very likely for ABU as well. Unfortunately for me Hill 50 got taken over within 6 months. I doubled my money and made a killing on the options.
Unfortunate because I would have made a hell of a lot more money from that bear market low without the takeover.
Stocks can perform in weak sectors when they have strong margins when most others have poor margins.
In markets like this timing is impossible but I disagree that ABU's sp will not perform once the cash flows simply because of the sector its in.
- Forums
- ASX - By Stock
- ann: trial mining update
FMX when gold was near its bear market lows around 13 years ago...
-
- There are more pages in this discussion • 63 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 PRX (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.235M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $500 | 250K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
22 | 77523422 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 6017920 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
22 | 77523422 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 6017920 | 3 |
0.003 | 21999556 | 18 |
0.004 | 4755526 | 6 |
0.005 | 889000 | 1 |
0.010 | 1240000 | 2 |
Last trade - 11.02am 01/10/2024 (20 minute delay) ? |
Featured News
PRX (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online