One can only make money on this from this point onwards? (i say nervously lol)
Im in @1.8 so sitting at 50% loss at the moment. Not at all fazed by that. 50% gains at this end of town happens very quickly based on good news and plenty of speculation.
Speaking of speculation, i decided to do a quick bit of research on gold miners listed on the ASX. Anyways to cut a long story short i found a website with all the gold miners listed and it had them divided them into different categories based on size.
I clicked on small explorers as i thought it best fit our category. There were about 20 companies listed and i checked each of their share prices. The minimum was approx 1 cent the maximum was 66 cents. Just goes to show you what we could be in for once we hear the next big announcement. I for one are very excited.
By the sounds of things it looks like are going to backdoor an explorer with a highly prospective tenement, as opposed to a current operational gold mine who wants to list on the asx.
So if im right on this one how do you guys see things folding out from here???
6-8 months waiting for drill results to come through etc Pumps and dumps 66 cents lol
seanbuccs
MOT Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held