Which ASX listed gold miners have you invested in?

wrcmad said:
]That is now a 70% return in 10 weeks (365%pa equivalent) RISK FREE.
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116% here though it wouldn’t be called risk free in my circumstance as I’ve held these shares for about a year or more speculating both a higher POG and a takeover.

Not even PM's have a risk:reward ratio like that.
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Yep, a solid case for if you’re “into” PMs then you should at least consider diversifying into gold/silver stocks. Even an ETF like GDX. Especially as you’re already likely to have an understanding of the fundamentals of the market. Unless of course you read too much Schiff or Bix Weir. :p
 
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mmm....shiney! said:
116% here though it wouldn’t be called risk free in my circumstance as I’ve held these shares for about a year or more speculating both a higher POG and a takeover.
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My initial stake was bought at 44.5c, so it's at 125% same as you.
However, I tripled-down at 59c (HERE) after Shandong's first bid of 60c, because it became risk-free. So these additional two stakes are at 70% and have never had any risk.
 
Ivykoin said:
At what stage do you freecarry or is it a straight trade with the specs?
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Depends on the stock with specs. Most I straight-trade.
SBR I will offload as a straight-trade.
OAR I am now free-carrying 1/3 of my initial parcel - so I have my original stake, +100% profit + a tidy parcel of shares which I think are worth the punt on good drill-results.
 
wrcmad said:
Just an idea I acted on.... on Fri morning I tripled up on CDV at $0.59. This is a move straight out of Rene Rivkin's playbook from back in the day when I used to read his Rivkin report.
The timeline for T/O better offers is 2 weeks. There are several possible contenders for a counter-offer, and predictions are a final outcome of 70-90c.
The current floor price is 60c, so there is no risk.
Worst case scenario in the absence of another bid is 60c, or 1.7% return on my 59c.
If another bid only comes in at 70c, then return is 18.5%.
At 90c, return is 52.5%.
Depending on how long this takes to play out will determine final annualised returns. But if it is only 2 weeks, then annualised returns like this for ZERO risk are hard to beat.
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Well, looky what we have here.
Every order under $1.12 pulled after close.
There are virtually no sellers left.
This is a sure sign of something better coming. :):);)
.
cdv11.jpg
 
I’ve sold my stake in CDV. My objectives have been achieved, I’ll leave others to take some profit.

will probably use some of the profit on buying a stock I intend to hold long term that has been smashed because of world events and hasn’t recovered so I’m going to double-down on it. Will substantially reduce my DCA.
 
mmm....shiney! said:
I’ve sold my stake in CDV. My objectives have been achieved, I’ll leave others to take some profit.

will probably use some of the profit on buying a stock I intend to hold long term that has been smashed because of world events and hasn’t recovered so I’m going to double-down on it. Will substantially reduce my DCA.
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What did you have in mind?
 
slavaja said:
What did you have in mind?
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Phoslock Environmental Technologies.

Its share price has been obliterated this year what with Covid and the floods in China. I averaged just over $1 per share as I bought in about July last year before it's high of 1.40 odd (with another tranche in December I think at about 0.73) but since then I've had my arse handed to me on a plate. Fortunately about half of the shares I own in PET were financed through profit taking a nice little earner last year so it's not as bad as it looked on paper. I bought more today at 0.23c so I've now got my average share price down to just over 0.50c/share which in light of the history of the share price and the potential demand for the technology as a solution to cleaning polluted waterways offers me some hope of making a profit. I don't normally double-down, I normally just dump and cut my losses. And cry for a little bit. Then have a scotch or bourbon.

It is a planned long-term hold for me. Hopefully things will turn around. :)

Screen Shot 2020-09-09 at 5.35.38 pm.png

From Tradingview:

Phoslock Environmental Technologies Ltd. is a global water technology company which engages in the manufacture and sale of environmental solutions. It operates through the following geographical segments: Australia and New Zealand; Europe and United Kingdom; U.S. and Canada; and Brazil and China. The firm manufactures a modified clay product which removes phosphorus from the water column and sediment pore water of water bodies.
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Sorry that it's not gold related and a bit OT.
 
mmm....shiney! said:
Phoslock Environmental Technologies.

Its share price has been obliterated this year what with Covid and the floods in China. I averaged just over $1 per share as I bought in about July last year before it's high of 1.40 odd (with another tranche in December I think at about 0.73) but since then I've had my arse handed to me on a plate. Fortunately about half of the shares I own in PET were financed through profit taking a nice little earner last year so it's not as bad as it looked on paper. I bought more today at 0.23c so I've now got my average share price down to just over 0.50c/share which in light of the history of the share price and the potential demand for the technology as a solution to cleaning polluted waterways offers me some hope of making a profit. I don't normally double-down, I normally just dump and cut my losses. And cry for a little bit. Then have a scotch or bourbon.

It is a planned long-term hold for me. Hopefully things will turn around. :)

View attachment 45073

From Tradingview:



Sorry that it's not gold related and a bit OT.
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Someone bought 2m shares at 81c. That's gotta hurt.
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