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

LNG

0.00%

4.3¢ liquefied natural gas limited

Poss, Not only did sbm go through a tough time with regards to...

First 73 Last

Share
Profile

Follow
Justace

2,458 Posts.

109

29/10/15

17:31

Post #: 16285325
Share

Originally posted by possum2 ↑

nbz,

Have a look at how WPL has traded today. LNG is not alone when talking about share price movements.
One would have thought it would have been logical for LNG to be higher today. One would also have thought that WPL would have been higher today. They mirrored each other which is often the case.

Sentiment plays an important part in the scheme of things.

I urge you to look at the recent history of SBM. The gold sector was going through a period of doom and gloom and SBM got sold down to 11c per share in January of this year.
Investors and analysts were all singing the same tune . That SBM would not be able to make money with the gold price at these levels and it subsequently got sold down drastically.

Today it trades at 1.38 as I speak. The interest in gold stocks has reignited that sector of the market.
Suddenly we are seeing huge gains to be made by companies reporting good drill results and thus being rewarded for their efforts. 12 months ago no one cared about anything to do with gold.

It can change quickly.

SBM still annoys me as an opportunity lost. I knew they would come good. I didn't take advantage of it.
NCM dropped below 9 dollars a year ago. They were over 15 dollars 2 weeks ago. Another opportunity lost.

Our market is now down 72 points and that has also not helped our cause.

Expand

Poss,

Not only did sbm go through a tough time with regards to gold price slumping - a big blow dumped heaps of rain over the Solomon's washing it almost away. They had a change of CEO and got the hell out of the Solomon's before the natives came after them.

Unlike LNG, I sold them before they started to make some large gains, an opportunity gone begging, but hey, hasn't blackmoores gone mad.

LNG Price at posting: $1.47 Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

Revolutionary inverter technology leads the clean energy charge

Exploring the causes and potential solutions to Australia's housing crisis

Emerald & Azure score Digger & Dealer awards

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

PV1

Provaris tells ASX non-binding MOUs are still material to share prices in somewhat fiery compliance response