Australia's largest stock trading and investment forum Australia's #1 stock forum

RLK

Click for more information

0.00%

$1.80 rolek resources ltd

http://macigindaba.com/2014/11/28/peter-cunningham-director-otjoz...

First 20 Last

Share
Profile

Follow
terryl

2,950 Posts.

117

29/11/14

19:33

Post #: 14378555
Share

Originally posted by mc117 ↑

Hey Strauss, with 12k posts I'd assume you knew everything about baggers.

I bought some at .4c and sold my last parcel at 3c, so that looks like a 7.5 bagger. But I also bought some for 14c in 2010. Overall I made a return of 20% on the max outlay over a max period of 4 years or 5%pa. Not one of my best investments!

At their lowest, they had so little cash and were doing so little they nearly lost the tenement with the manganese. Holding then was most risky. After they were granted back the tenement, I believed the risk was mitigated by the AGO half ownership. AGO drip fed them enough to stay afloat. When AGO sold out to a group promising to speed things up, I expected a move but was surprised how far it went.

New investors are cautioned to look at the funding structure and do their calculations carefully before betting the farm.

Expand

http://macigindaba.com/2014/11/28/peter-cunningham-director-otjozondu-mining/

SRR Price at posting: 2.8¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

AUG

Augustus sees imperial share rise on high-grade Cu and gold results at Ti-Tree

RNU

Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some

TX3

Canadian fieldwork yields multiple pegmatites for Trinex

TLX

Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

There are more pages in this discussion • 6 more messages in this thread...

First 20 Last

Add RLK (ASX) to my watchlist