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

EGA

Click for more information

0.00%

28.5¢ egan street resources limited

Good points mate.

First 48 Last

Share
Profile

Follow
Thanky

2,371 Posts.

229

02/06/18

21:43

Post #: 33455089
Share

Originally posted by Davisite ↑

The only rush is if you want to get the 50% CGT and want to have the flexibility to sell if the market does go crazy (does happen more than it should with small illiquid stocks). I should have held off another 6 months, but I would rather be too early than too late.

The video you posted captures my belief. The market applies way too much of a discount on first time mine builders given the problems are almost never on the building side, but on the running of the mine side. There is at least a good 100% return in backing builders 12 to 18 months out from the first pour if they have good management and a good DFS. I think given how sluggish EGA has been the return will be far more than this. Investing in builders lacks the thrill of gambling on explorers (not many 10 baggers), but it is a lot more sensible.

Expand

Good points mate.

EGA Price at posting: 25.5¢ Sentiment: Hold Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

WC8

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

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

CXM

'Taking money from the market': Garbage giant cleans up as this week's Hot Stock tip

MIN

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

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

First 48 Last

Add EGA (ASX) to my watchlist