IGS 0.00% 0.3¢ international goldfields limited...

cashngrab, you have 300% of your original punt/investment. Not...

  1. 3,857 Posts.
    lightbulb Created with Sketch. 79
    cashngrab, you have 300% of your original punt/investment. Not 300% profit.

    You have made 200% profit on your original purchase (don't include your original outlay in profit)

    1+0=00% profit (1+0=1)
    therefore
    1+1=100% profit (1+1=2)
    therefore
    1+1+1=200% profit (1+1+1=3)

    Buy @ 1 sell @ 3 = 200% profit.
    Last edited by MeToo: 04/05/15
 
watchlist Created with Sketch. Add IGS (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.