Australia's largest stock trading and investment forum Australia's #1 stock forum

RLK

Click for more information

0.00%

$1.80 rolek resources ltd

10 Bagger out of nowhere, page-20

First 20 Last

Share
Profile

Follow
terryl

2,648 Posts.

29/11/14

19:33

Post #: 14378555
Share

Originally posted by mc117 ↑

Hey Strauss, with 12k posts I'd assume you knew everything about baggers.

I bought some at .4c and sold my last parcel at 3c, so that looks like a 7.5 bagger. But I also bought some for 14c in 2010. Overall I made a return of 20% on the max outlay over a max period of 4 years or 5%pa. Not one of my best investments!

At their lowest, they had so little cash and were doing so little they nearly lost the tenement with the manganese. Holding then was most risky. After they were granted back the tenement, I believed the risk was mitigated by the AGO half ownership. AGO drip fed them enough to stay afloat. When AGO sold out to a group promising to speed things up, I expected a move but was surprised how far it went.

New investors are cautioned to look at the funding structure and do their calculations carefully before betting the farm.

Expand

http://macigindaba.com/2014/11/28/peter-cunningham-director-otjozondu-mining/

SRR Price at posting: 2.8¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

HotCopper Highlights: Your most watched stocks for Week 47, 2024

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

There are more pages in this discussion • 6 more messages in this thread...

First 20 Last

Add RLK (ASX) to my watchlist