$2000 to $500,000 with penny miners.

*High risk* 6k play?
1k each way on cxx, psc, bgs, bar, azs, cdv.
Theres so many to choose from with explosive upside potential..

Could just as easily choose pio, adv, haw, wkt, cul, mth. I think the first group has more upside.

Big punt? 6k cxx and into the bottom drawer. I reckon there's 10 bags in it yet.
 
I am the OP and i have posted what i am buying. I am of the opinion that any gold, silver miner that, 1. had a volume spike in Dec Jan. 2. any company that is currently lower than say 30c.. Will provide breathtaking returns. I dont think it is rocket science, just mathematics. When 1% of investment money heads in to the PM markets the price will have to go 10x higher minimum. The lower the price entry the better, simple. olifrated , keep us posted on the project and what you decide on, or at least how you analyse things. Thanks for dropping in.
 
Kramer Thanks fo that . I like PSC a lot. if i slip a bit more cash in i might get a small parcel. CXX may do well, however my enthusiasm is tempered by the global slow down. We have China supplying over 50% of the worlds steel and the demand is dropping off. US has introduced crazy tariffs on steel imports from China so the US consumer will be facing an unnaturally high price for steel, meaning higher costs and hence lower sales and exports. If the global economy suddenly burst in to life, CXX may well be a ripper. I think it was Jessie Livermore that said , buy the most hated stock in the most hated market then wait. Penny silver and gold miners fit that bill.
 
For everyone who remembers the days of CCU, their Cobar mine was sold to BOK who renamed the mine "Manuka". They spent a bit of $$ refurbishing it, got to first silver pour but that mine must be jinxed because BOK recently went under. Not sure if was due to management or because of similar problems CCU had with recovery. Anyway, it will be interesting to see who ends up with it.
 
another group of companies that should do well if gold and silver fly's would be Niteon, and companies that make portable spectron analyzers. Every man and his dog will be roaming the planet looking for the motherload.
 
ARU 4,300 AUD 0.049 29/04/2016 0.050 0.001 4.30 215.00 Buy Sell
AZS 13,500 AUD 0.045 06/05/2016 0.042 0.001 -40.50 567.00 13/05/2016 12:26:21 PM Buy Sell
EXU 16,200 AUD 0.038 28/04/2016 0.054 0.000 259.20 874.80 Buy Sell
Fridays close AZS is not a team player, lol EXU up $259 so up $223 minus $80 commission.
 
I've had a few convo's with peeps lately aboout PSC - looked at it - Li grades look really good BUT... it's ZIMBABWE...

Over the last 40 years Mugabe's shadow has cast long over central Africa - tbh I'm not sure how such an economic basket case of a country has survived.

Anyhow, long & short of it - I'm not going to buy any PSC - happy holding a rag-tag bunch of ne'erdowells BGS, PIO, SYA, VRC, LRSO, MTH for now... and proactively tweaking holdings as I go...

The only other thing to say was my foray into DKO was appallingly timed - lost about $1400 there - made up elsewhere ;)
 
I figured that PSC would have to do well before Mugabe came along and took it, so jumped in today with some profit from PIO, aaannnd now PIO look like smashing it, never mind, still got most of my PIO so hoping that PSC will start getting some decent announcements out to get the SP up.
 
i see them opening up a processing plant in Zimbabwe which will value add to the ore that PSC produces. This is good. I managed to top up PSC on the close to total 1m holding after dumping VMC to the bot @ 20c.

watched the rocket under BGS get to 0.42c , fizzle and back off to 0.34.

PIO very exciting. i'll be looking to lock in some profits and free carry @11c when we get there.

got my fill of cxx today at 0.29, will accumulate when i can.
 
@Kramer
BGS will still fly even more, there is some serious amounts of lithium ore in the ground and a very keen Gov't on side there, I expect management will be posting some updates before the full results are in and might even come up with the holy grail of a gold deal at Morila or another acquisition on the lithium front in the meantime, I'm looking at $ signs there before I sell.
PSC are quite interesting, a whole lot of historical results and the country was/is? a producer so I'm thinking it wouldn't take too much to get back in the game, Will be watching the news alerts for any trouble and splitting at the mere whiff of it though. I do think the Company is on pretty solid ground though, and they also have gold as well. I might get some more if PIO prove up well, but for now am just dipping my toes.

@Wy So Lo
WSL, M8 a Tip from me, Sell ARU and AZS and put it into PSC, should give you about $740 after fees which would be about 43,000 shares. Wait till it doubles and then sell half and put it into ADV, If it hasn't doubled before then.
You might even pick up PIO cheap instead of PSC if you hurry and get in before the hordes swarm in as well.

If you want to turn 2000 into a half mill you have to follow the market not fight it. Gold and Silver will have it's bull run again but it is not now and in my mind anyway you will not do it by sitting and waiting , nor by buying in at 4 and 5 , you need to get in at the .001-5's and 1's or 2's on under appreciated Goldies and Silvers that the hordes have not found yet, and then ride them up. Company's that have the resources in the ground but are on maintenance or are cashed up and exploring ground with historic good grades that are shallow. A lot of gold that was found 30-50 years back at 1-5 gm a ton was considered uneconomical back then and forgotten about, now days 1.5-3 gm shallow ground is great.

But look at the lithium shares M8, your $2000 back at the beginning of this thread could of got you BGS @ 13C, = over $5000 today after a 5c fall, PLS @ 37c = over $4000 today, DKO @ 8c = $3500 today after a high of 26.5c , PIO @ .013 = $9800 today or even multiples of all if you rolled over the profit from one to another. These are not all the highs even, just today's prices compared to the start of this thread.

I'm not doing this to give you a hard time at all, I would love to see you make a half million off of 2 grand I really really would. Just, I have been there a few years back buying PM company's willy nilly at what I thought was the bottom, with a lot more than 2 grand and lost a fair bit waiting for them to come good. And lost a bit on just buying and selling on fees alone, just your $80 on fees if put it into PIO would of gained you well over $200 profit by now which is probably more than your overall profit so far.

Give it some thought, there is plenty of good info here from people that have lost heaps more than your starting amount, and as a result, who are more than happy to share their information with us all. SS has some great people who give some great tips and back it up with their own hard earned.

Best of luck to you. :)
 
Got back into the game mid February.

Now have small parcels in 5 companies that were mentioned on SS.

Time for me to access some of the profit and play into a couple of more companies.

Thanks goes to SS Members for some solid research and smart tactics.
 
Trading halt question?

How long do they last?

Was going to dip my toes into CUL today and noticed they have a halt on them.

I know PIO also has a halt, which means good news ( I hope ).

Comments ?
 
Cheers southerncross,

Cul- trading halt regards a cap raise... As for duration just read their statement but a day or so to put it together. It might be a cap raise from sophisticated investors. If its open to retail i'll take it up.

Bgs- holding firm on this one, as are most holders. An excellent entry point for those that are looking to join the party.

Psc- i averaged up a little to 1c overall. Still filthy cheap.
 
ARU 4,300 AUD 0.049 29/04/2016 0.047 0.000 -8.60 202.10 18/05/2016 11:16:11 AM Buy Sell
AZS 13,500 AUD 0.045 06/05/2016 0.044 0.000 -13.50 594.00 18/05/2016 10:02:24 AM Buy Sell
EXU 16,200 AUD 0.038 28/04/2016 0.070 0.009 518.40 1,134.00 Buy Sell
Scrooged, don't confuse brains with a bull marked. Or said another way, a lucky man on the right side of the market, may consider himself smart, rather than just lucky. The interesting thing here is, two months ago i had no intention of setting up an account. I was happy to sit tight and await silvers awakening, sitting on a stash, now i am thinking about increasing my exposure. I am of the opinion that the silver microcaps wil make the best gold juniors look like pathetic losers, once the public wake up to the fact that there is NO increase in supply, until the secondary miners become primary miners due to the 20 fold price rise.
 
Southerncross I just re read your above post an advice. I have slipped an email to psc and await there response. You are totally correct and i thank you for the heads up, i am not sure how i glanced over your post. The company looks fine and the chart is excellent and your assessment is smack in the middle of my vision for this project, and is deeply appreciated.
 
Wy So Lo said:
Scrooged, don't confuse brains with a bull marked. Or said another way, a lucky man on the right side of the market, may consider himself smart, rather than just lucky. The interesting thing here is, two months ago i had no intention of setting up an account.

I dunno. You've picked 3 stocks, 2 of which were in the black 2 days ago and the other possibly @100% profit by months end. Good call if you ask me. :)


Edit: bit of excitement about EXU, you could be onto a good one there mate.
 
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