PGO & Hanking: The Facts, page-36

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AlbyTangles

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23/02/18

20:33

Post #: 31303618
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Originally posted by Ece411 ↑

Hi Folks

Yes time to reflect about how to improve as traders. I read everything on PGO, covered the geology, poured over the historical material on the NT tenements, fretted over NT approvals, and checked out management track records.

I always thought it was high risk but in the end I should have put the Nanking holding down as a risk given what I know now. I had factored in some weather risks and some pog risks but not the thing that was staring me in the face - a majority shareholder with a stated intention to acquire undervalued Australian assets.

I will do more work on top 20 holders next time around and I also need to further diversify my gold spec holdings. In a horror week both my gold specs - pgo and crb - have rolled over and died.

Diversification in zinc, lithium and cobalt has softened the blow and helps ensure that I’m still up on my initial investment but I will look to spread my gold spec holdings across more than two stocks in the future. We can only focus on what we can control - I’m still annoyed with the PGO board but I’m looking to see how I can minimise my exposure to the risks of low cap miners but still profit where possible.

Good luck to all. Glad to see the end of this trading week to be honest but on to the next thing having learnt a few lessons !!!

Ece

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All the best to you and your wife, mate. Good fella. Gonna take some time out from the markets personally and focus energy and time on my own venture.

Generally good mob on here. Keep it that way.

Last edited by AlbyTangles: 23/02/18

PGO Price at posting: 5.2¢ Sentiment: Hold Disclosure: Held
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Last 8.4¢		Change -0.005(5.62%)		Mkt cap ! $10.09M

Open	High	Low	Value	Volume
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0.081	20103	1
0.082	25517	2
0.110	991	1
0.120	80000	1
0.150	12000	1

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PGO & Hanking: The Facts, page-36

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