LCL 9.09% 1.2¢ lcl resources limited

Pretty alarming the amount of people who have held for a loss of...

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    Pretty alarming the amount of people who have held for a loss of over 90%.
    I wouldn't blame the company - i'd blame your investment strategy.

    99/100 exploration mobs never make it to mining. Maybe 10% will make long term profits. So anyone who invest in the exploration space should know that time in the market is much more important than timing in the market.

    Regardless of how much people have lost this is actually a very decent risk verse reward at its current stature. After the merger they'll have the current MC in cash for exploration. Given the current nature of gold, anything found should give this a decent boost.

    Maybe i'm biased as my average makes me flat. Couple pips is all i need then free-carry. Don't mind what occurs afterwards, it's free money.

    SF2TH
    Last edited by setfire2thehive: 14/08/19
 
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