Hi Jogo,
I was not predicting a market bust I was just indicating that such a possiblity is becoming more likely given the previous historic peridocity of such events. The US bull market is very long as a direct consequence of the money that has been created to escape the effect of the last crisis. A market crisis was only part of the reasoning why I would be short this stock over a 2 to 3 year period, the other reasons are the uncertainty around the mine life.
In answer to you question I invest where I can see value. If a project has a feasible mine life of over a decade and expected low costs you can ride out market gyrations and take full advantage of any new gold bull markets that may develop as a result, short mine life companies can't do this for you. Esh
Hi Jogo, I was not predicting a market bust I was just...
-
- There are more pages in this discussion • 38 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SBM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
34.5¢ |
Change
-0.005(1.43%) |
Mkt cap ! $233.2M | |||
| Open | High | Low | Value | Volume |
| 35.0¢ | 35.5¢ | 34.3¢ | $1.264M | 3.627M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 194355 | 34.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.0¢ | 70040 | 4 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| SBM (ASX) Chart |
