OK , what to do now . 35 years of buying mining stock has taught me a few things . i already missed the boat to sell. So i hold . I last bought 2000 at 175 - i have bought continuously from 70 cents . It's good for those who sold at 175 & good for those who went short . But i will hold . I don't short stock & i don't use borrowed money . I have stopped buying - not that i have much to buy with to be honest . Already sold the other specers a month ago thank goodness - because i could buy them back 30 per cent less now . I did as much work on Gold Road as one could reasonably do . The fact that they could pay 38 million after about 5 months production says a lot .Sure the funds will trade around with it , it's nothing special to them , just a trading opportunity . GOR hasn't spun you any BS pump up reports , just stated the facts , this is how it should be . Presently if you have any funds available , GOR is a company with first rate management , who have the runs on the board . Given the overall political / economic / biological environment , i don't think gold is a bad bet .
OK , so 175 is a nice price , but 125 isn't that bad given the overall situation . Sure , it is difficult to hold a position under constant pressure . I remember many years ago , Ashton Mining was recommended to me , buy a leading stock broker - it took a few years to establish it's credentials , it had it's up & downs & market falls - it turned into a 5 bagger .I believe Gold Road to be a very promising stock - why throw it out when the overall market is down . In short , don't use borrowed money & don't panic out of a good position , good stock will reward in the long run . sit tight. All learnt the painful way. ho0pe this helps .
- Forums
- ASX - By Stock
- GOR? On? Out? when?
OK , what to do now . 35 years of buying mining stock has taught...
-
-
- There are more pages in this discussion • 166 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 GOR (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.74 |
Change
0.035(2.05%) |
Mkt cap ! $1.885B |
Open | High | Low | Value | Volume |
$1.74 | $1.79 | $1.71 | $13.27M | 7.623M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 29336 | $1.73 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.74 | 66313 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 29336 | 1.730 |
3 | 41869 | 1.725 |
4 | 116388 | 1.720 |
2 | 18983 | 1.715 |
1 | 5373 | 1.710 |
Price($) | Vol. | No. |
---|---|---|
1.740 | 66313 | 1 |
1.745 | 28367 | 2 |
1.750 | 171684 | 8 |
1.755 | 99037 | 5 |
1.760 | 39015 | 2 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
Featured News
GOR (ASX) Chart |