BSE 3.64% 28.5¢ base resources limited

yes its a good return over nearly 5 years. however the journey...

  1. 5,879 Posts.
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    yes its a good return over nearly 5 years. however the journey has only just begun.
    As Long Tony and i believe there is no reason why this wont be a $1 billion company potentially next year and $3 bill or more over the next 3-10 years with large dividends.
    In a discussion between warren buffet and Jeff Bezos.... "Jeff Bezos, founder, chairman, CEO, and president of Amazon is the richest man in the world. Once in a meeting with Warren Buffett, he asked America’s most prolific investor, your investment thesis is so simple. You’re the second richest guy in the world, and it’s so simple. Why doesn’t everyone just copy you?”Warren Buffett responded Jeff by saying, “Because nobody wants to get rich slow.”

    Eg 1,000,000 BSE shares bought now at 30c ($300,000) could be giving you a return of $100,000 - $150,000 pa in 4-5 years.
    If that $300,000 is in your self managed super then the income is tax free after 60 yrs of age if you are taking it as a pension. Thats one hell of an investment and will make you rich slowly.
    Last edited by contraindicator: 16/09/20
 
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