KAL 7.69% 2.8¢ kalgoorlie gold mining limited

I only hold 5 grand worth...but I am happy to hold. Its...

  1. av
    2,595 Posts.
    I only hold 5 grand worth...but I am happy to hold. Its inevitable that you have to wait a long time as they prove up resources and move to production...and yes many small caps don't survive...but that's the type of stock it is...it has large potential resources relative to is market cap...it may go bust but the chances of a 10 bagger if it does survive are quite good...so you take a punt, get on board when it seems undervalued - which I think it is given recent announcements and fact that last time it was this cheap it had MUCH less going for it - and you ride the volatlity and short-selling that always occur with these types of stocks. If you sell out because you are feeling a little frustrated it more than likely that in the next couple of weeks we get a resource upgrade and it triples in value. If you were in it for the short-term, the time to get out was after the previous peak...not now.
 
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