MRE 0.00% 87.0¢ minara resources limited

Dear ZinzanThank you for your kind comments, but there are a...

  1. Eos
    394 Posts.
    Dear Zinzan

    Thank you for your kind comments, but there are a number of others who also provide some terrific comments.

    Certainly, it does not hurt to set a target and live by it - nobody has gone broke yet taking a profit. The other strategy is to gradually enter and to gradually exit - I tend to follow this approach but also to increase exposure in proportion to my understanding and buy in of the business plan.

    Minara is a stock I have put my mother in to for all the reasons I have set down in my previous posts.

    As the Goldman's report of 6 October suggests, Minara is inexpensive. The case for further significant upside rests in the fact that the the Australian funds have not really bought in yet - the overseas funds have been far more objective in looking at the current PE of 6. In hindsight, it was less than 3 in May without debt - not exactly bad in a minerals boom!

    Good luck with your future investing.

    Regards Eos
 
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