RXL 0.00% 15.5¢ rox resources limited

sydney 6791 - just goes to prove there are better Companies out...

  1. 94 Posts.
    sydney 6791 - just goes to prove there are better Companies out there.
    e.g. If you brought 1 Million shares on 11th June last year for around .057c in FML these would have cost you $57,000
    if you brought a lesser amount e.g 100,000 shares in a company like RMS @ a cost of .455 on the same day these would have cost you $45,500
    Your shares in FML @ TODAYS DATE WOULD BE $65,000
    Your shares in RMS FOR THE SAME PERIOD WOULD BE WORTH $121,000.
    This of course is hindsight but it is an exercise that i did when I was in Kalgoorlie June of last year.
    I had been in FML since Nov 09 and had seen no real shift in the FML price.
    It was a day traders & shorters dream.
    Unfortunately I had been to the Nov 09 FML AGM and meet the Team from Focus and heard the story, at the time I had 50,000 shares which I increased up to 1,600,000 shares.
    I forgot to stick to a formula which I swear by:-
    Low numbers of shares on issue, Cash in Bank- no debt, Huge Resource - FML formula did not meet the shares on Issue.
    During the time I was with FML I brought 300,000 EKM share @ .105c and needless to say within 3 months of buying these I made a huge profit, lucky I didnt have all my eggs in the one basket.
    It is a lesson that even an old fella still can get caught on.. I no longer own FML and have made nice returns on other stocks since, you can not get married to your stock choices if you hope to make money for lifestyle & living.
 
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Mkt cap ! $63.12M
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15.5¢ 15.5¢ 15.0¢ $45.49K 301.7K

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3 91896 14.5¢
 

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Price($) Vol. No.
15.5¢ 100439 3
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Last trade - 15.18pm 18/07/2024 (20 minute delay) ?
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