Not even close.
You are saying for a 5 to 10 year bet. Let's say that the price (theoretically is going to be $5.00). You park your money in SGH now at 25c with let's say a 20% chance of $5.00 (2000% return) and an 80% chance of $0 (100% loss). Expected Return is 400%
Now let's say Tumble doesn't buy now but buys after the banks confirm support for SGH. He pay's 50c with an 80% chance of $5.00 (1000%) and 20% chance of $0.00 (100% loss). Expected Return is 800%.
Even ignoring statistics if you are willing to take risks you could invest in an oil and gas or a gold junior and make 50 to 100% on far less risk now and then invest in SGH after banks give support (even if that is at 50c) and make the same return. For considerably less risk
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Why I brought SGH, page-16
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Last
$50.77 |
Change
0.100(0.20%) |
Mkt cap ! $20.66B |
Open | High | Low | Value | Volume |
$50.48 | $50.80 | $50.01 | $16.23M | 321.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2035 | $50.48 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$50.80 | 1523 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 105 | 50.050 |
1 | 445 | 50.010 |
6 | 1915 | 50.000 |
1 | 1 | 49.900 |
1 | 800 | 49.750 |
Price($) | Vol. | No. |
---|---|---|
50.820 | 983 | 1 |
51.000 | 210 | 1 |
51.080 | 978 | 1 |
51.740 | 390 | 1 |
51.950 | 210 | 1 |
Last trade - 16.10pm 11/07/2025 (20 minute delay) ? |
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VMM
VIRIDIS MINING AND MINERALS LIMITED
Rafael Moreno, CEO
Rafael Moreno
CEO
SPONSORED BY The Market Online