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clock Created with Sketch. 16/05/20
10:43
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Originally posted by Othala:
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I agree with most of what youre saying. Rampers often cost people money like myself early on. I made similar mistakes myself in the past. Problem was I over invested for where they were currently at and sometimes too late in the speculative phase and after the fact. Likewise too Ive seen downrampers cost people money too, selling out at a bad time or not buying into a stock that turned very bullish.
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it’s all about capex and financing. In the entire history of the asx about 3 our of every 2000 listed explorers transition to actually mining. The rest ‘explore’ for cheap drilling rigs and cap raises, get bought out by foreigners who can mine with cheap labour or Phoenix then rinse repeat.
(20min delay)