If that is your perspective, I recommend you buy AFIC for sharemarket exposure and stay out of trading junior miners.
I am not being rude, I promise.
FCC.AX closed at 85c and FCC.V closed overnight at 73c ($A ~ $C, so ignore FX).
Which would you buy? Which would you sell?
I am into FCC because I think it will be a ten bagger. It could also be a complete loser - statistically more likely - so I temper my enthusiasm with lashings of caution. I trade my position to lower the cost and maximise the number of shares I hold. This also makes my position safer with a larger margin for error.
FCC is a volatile stock. Recognise and exploit this feature, don't cringe from it.
Ash
FCC Price at posting:
85.0¢ Sentiment: None Disclosure: Held
