IDC indochine mining limited

PIR is a good stockBut for some of us it's all about...

  1. 683 Posts.
    PIR is a good stock
    But for some of us it's all about leverage.
    Today, a million shares in PIR is going to cost me $1,200.000.
    Likewise, a million shares in IDC is going to cost me $80,000.
    Yes I will have a trade-able stock in PIR worth 1.2 million if I take.
    In one or two years time PIR might be around $2.50
    Excellent, I have a taxable capital gain of $1,300,000.
    The same $1,200,000 in IDC stock gives me 15,000,000 shares.
    Even if IDC shares went to a humble .25 cents in two years (assuming I got in at todays price) I have a (very derisked) taxable capital gain of $2,550,000.
    If IDC went to 50 cents I would have a taxable capital gain of about $5,800,000.
    PIR does not offer this leverage anymore, great company and assets it has notwithstanding.
    I see it not so much as getting ahead of ourselves, rather, it is us as investors who need to get ahead of the stock.

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.