I had money in Crypto before mining shar Bill. The ABC business...

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PaydirtMax

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29/10/24

02:11

Post #: 76343670
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Originally posted by bungalowbill: ↑

I am 71 years old. In the early 1990s, my brother-in-law floated a gold mining Company around Kalgoorlie. His father was a well-known prospector with some highly prospective leases. My brother-in-law died of skin cancer - a salutary lesson. I can't remember how many million the float was but it was around 6 million- it was a hot market .I didn't like him much, so I treated it as a golden opportunity to make some money I sold them on the open & doubled my money. My sister-in-law used to tell me when they would go up & when they would go quiet, which was around when the news was released to the market . My brother-in-law went bankrupt- he thought he was going to get rich
After piddling around for a couple of years a market crash occurred & it was all forgotten about as it was just another casualty of the market collapse. He had used a significant part of company funds to invest in another company, which in turn got itself into trouble. He thought he was a very big wheel around town. They treated the company's money like it was theirs.
That's why nothing surprises me here. If everyone knew the level of supervision of these companies, there would be a lot fewer people investing their money in them. When you have someone driving around in a brand new expensive Ute. and they do stuff all, it certainly doesn't set a good example.
True enough I got suckered into this, but it became clear to me very quickly, what was going on & there are about 4 others here, who were on to it early on.
There is another company, that they may be linked with, starting with the letter E, , that I will be keeping a close eye on. This is a multi-generational activity, so go in lightly.

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I had money in Crypto before mining shar Bill. The ABC business show did a story on my investment and i was on the 7pm news twice about it being high risk investment. Small mining companies is still heaps better than crypto. I like high risk high return investment. It is super exciting when they get a big pump. Mr John Hancock joined the board of one of mine . Good fun everyone was so excited. I have picked some dud shares that I got rid of and move on.

CLZ Price at posting: 0.1¢ Sentiment: None Disclosure: Held
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