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cmk1969

3,636 Posts.

1021

12/03/15

15:06

Post #: 14903373
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Originally posted by hopeful2 ↑

Hi abdm

An interesting comparison which clearly demonstrates that no share purchase is "risk free". Certainly, for those who bought OBJ shares below 2c the risk has been somewhat reduced, as they currently sit on a 400% gain. Although, those who bought at the intraday high of 13.5c a few months ago are sitting on a 40% loss, making BHP's loss look good! However, the question now (and this gets back to your comment on individuals' strategies) is whether buying shares in a company that has had such a spectacular rise, has now got a Market Capitalisation of $135 million, and not the income to support such a high MC is "high risk" or "risk free". I know that that your answer will point to "potential deals" or PDAs in the pipeline, but the fact still remains that at such a high Market Cap, OBJ is a high risk, speculative buy - even their broker agrees.

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ABDM wrote - 'I hope you still had the bucket handy anyway '

Hopefully, I don't also need to get a bucket handy !

OBJ Price at posting: 8.1¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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