SBL signature metals limited

keeping things in perspective

  1. 166 Posts.
    my daily portfolio changes have been bathed in a sea of red over last few days and so too the asx.

    SBL is still the same company I invested in and they will be refining gold and digging the stuff up in the near future or already.

    Gold is a safe haven and those that go there will get their $10/$20... movements per ounce, however for every ounce we dig up and refine, we get that as well as the profits, $600-$700.00. the stuff we have is worth its weight in gold, it isn't consumables, it isn't uranium, it isn't coal, it is GOLD, a safe commodity even in the toughest of times.

    No dig at PEN, but our paper loss, about 10% from what it was to be after the cap raising announcement, their loss about 40-50%, they are suffering through no fault of their own and a market that loses reason on adverse publicity.

    Lets not lose our head nor our money.

 
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