This coming from a man who holds a stock that hit highs of $3+ &...

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Pharrell13

1,623 Posts.

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13/06/24

07:38

Post #: 74289013
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Originally posted by Kikker1959: ↑

This is precisely why folk lose money in markets. The level of reading the lay of the land, does not exist and experience in markets is lacking. The quick get rich mentality kicks in and you end up with nothing. LLL, AVZ, FFX etc.

As tabled many times, do not invest in Africa and many reasons for this has been given. Stay on grounds you know and preserve your capital. Judge risk and return correctly and do not rely on some DFS sign off from a 22 year, just out of school uni person.

Sovereign risk in Africa and South America is huge and you can check the price history of all these LIT stocks, they are dead or severely under water.

Here all is lost as is in LLL. You will see very little as consultants, management, Chinese, Taxes etc will bleed it down.
Learn from it and stay down under. Find a good resource, check management and do you DD, don't rely on the guy in the taxi.
AIMO

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This coming from a man who holds a stock that hit highs of $3+ & now closing in on a buck...??

Thanks buddy, but I'll hold out for at least my investment back with LLL. FFX.... I have my doubts.... But I only hold 160,000 shares, so I've already written those off....

Two things are certain on the back of this circus... 1. I will never invest another dollar in Mali.... I think that is probably a given for most FFX/LLL holders. & 2. Both yourself & your trusty sidekick T20 will have an abundance of free time once Finch & Leo wind up...

FFX Price at posting: 20.0¢ Sentiment: None Disclosure: Held
4 Upvote

0 Great analysis

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