Penny Stocking - Gold Rush/Empty Promise? (6)
Penny stocks are some of the rickiest investments you can make. I would stay far away from penny stocks if I were you. Don't be fooled by the math used to promote them. It's all pie in the sky.
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Blain69: For the last six months or so I've learn what I could off line and have done a short adventure into this highly volitile world, and about risk of about 500 dollars in five/six different stocks have lost at least 80% of their original value, so I'm losing slowly hope...
Has anyone had Luck with Penny Stocks?
Has anyone had Luck with Penny Stocks?
I'm in the field and even I don't touch them.
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I got into one junior exploration company last November that has discovered a world class chromium deposit in Ontario's far north.
The politics involved is very intense and eventually it will be mined.(I will take a guess in 4 years).
The law here is that the ore must be refined in Canada.
Shortly after I bought in my junior company bought half of a Patent
to refine the chromium into stainless which reduces the cost to about 1/5 of the cost of a conventional ark furnace.
So far this company has No debt.
I suspect I wont loose money.
The politics involved is very intense and eventually it will be mined.(I will take a guess in 4 years).
The law here is that the ore must be refined in Canada.
Shortly after I bought in my junior company bought half of a Patent
to refine the chromium into stainless which reduces the cost to about 1/5 of the cost of a conventional ark furnace.
So far this company has No debt.
I suspect I wont loose money.
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chatonlyman2: I got into one junior exploration company last November that has discovered a world class chromium deposit in Ontario's far north.
The politics involved is very intense and eventually it will be mined.(I will take a guess in 4 years).
The law here is that the ore must be refined in Canada.
Shortly after I bought in my junior company bought half of a Patent
to refine the chromium into stainless which reduces the cost to about 1/5 of the cost of a conventional ark furnace.
So far this company has No debt.
I suspect I wont loose money.
You probably wont make any either. Unless your investment is growing at a rate at least as fast as inflation is eating away at it you ARE losing money. You need to wait 4 years for them to start mining this ore? What makes you so sure they'll even be in business in four years?The politics involved is very intense and eventually it will be mined.(I will take a guess in 4 years).
The law here is that the ore must be refined in Canada.
Shortly after I bought in my junior company bought half of a Patent
to refine the chromium into stainless which reduces the cost to about 1/5 of the cost of a conventional ark furnace.
So far this company has No debt.
I suspect I wont loose money.
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ooby_dooby: You probably wont make any either. Unless your investment is growing at a rate at least as fast as inflation is eating away at it you ARE losing money. You need to wait 4 years for them to start mining this ore? What makes you so sure they'll even be in business in four years?
Obby...call it a hunch
Best I can answer without going 8 pages.
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Has anyone had Luck with Penny Stocks?