I can see someone else (on IGNORE?) asking re L/T meaning...
No doubt we are in a v. risky business in all stages including eventual production (quite a few bit the dust last few years, when borrowed a lot and production did not perform or prices dropped off eg in gold and lithium sector).../
How long is L/T ? be prepared for min 10 years (we are not in China where they built a high-rise in 2 weeks, bullet train lines in a year, etc... I am waiting for a railway line from Melbourne to Tullamarine Airport since 1958!!!)
I like Buffett investment advice eg:
I am looking for multi-bags investing early and it takes sometimes much longer than most investors are able to "freeze" their money for a long time...
Be prepared for a few long years before the positive outcome... but when you get lucky the reward/satisfaction is overwhelming...
I had quite a few successes (won't mention failures) eg: NST from 30 C to 90 C and sold too early ...as Man Dir. was selling so did I and missed on follow-up rise up to $17 = 17 bags), IGO (similar multi-bag but sold too (from $0.20 to $3) early after years of holding), DEG, CXO, etc
Examples:
DEG - most posters in 2019 were only complaining ...but last year they hit the Hemi gold (where nobody" expects gold ad it was under 30 m of dirt cover... and most a drilling a few shallow holes and leaving if unsuccessful)... CR at $0.044 was v. unpopular and investors/traders sold off below $0.04... I was loading up at giveaway prices around $0.04 (averaging down), then on first few drills, confirming gold, the DEG took off and become an overnight sensation AFTER 17 YEARS OF DRILLING WITH "average" success...
I sold slowly from 3x to 10x profit but it went up to 40x @top $1.6 (and the next huge CR was a success @$1.2 p/share...
CXO - I was collecting for many long suffering years and at last it took off couple of months ago and having learn a lesson on previous stock I did not sell up to last top of $42 (expecting $1 on start of Lithium production next year.... so it drop ...today reached only $0.18 etc., etc
You can't time the "market" but it is much better to go L/T eg all the way to production end huge dividends like NST is paying ...with an excellent company and smart management than trading and stressing yourself...
IMHO/DYOR
- Forums
- ASX - By Stock
- SRZ
- Cut your losses on this DOG
Cut your losses on this DOG, page-27
-
- There are more pages in this discussion • 2 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 SRZ (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $38.83M |
Open | High | Low | Value | Volume |
2.0¢ | 2.0¢ | 2.0¢ | $12.36K | 618.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 2.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.1¢ | 200000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.020 |
2 | 180000 | 0.019 |
8 | 3299446 | 0.018 |
2 | 495000 | 0.017 |
2 | 230000 | 0.016 |
Price($) | Vol. | No. |
---|---|---|
0.021 | 200000 | 1 |
0.022 | 910829 | 1 |
0.023 | 1390000 | 3 |
0.024 | 2060585 | 8 |
0.025 | 2515133 | 4 |
Last trade - 13.09pm 26/07/2024 (20 minute delay) ? |
Featured News
SRZ (ASX) Chart |