EMM 0.00% 0.7¢ electrometals technologies limited

re: strong I bought EMM at 0.053 and sold after 12 months at...

  1. 1,482 Posts.
    re: strong I bought EMM at 0.053 and sold after 12 months at 0.048 just a couple of weeks ago. With the proceeds, I topped up my holding in MacMin (MMN).

    My reasoning for dumping EMM is that they are not directly leveraged to the price of the precious metals that their techology can extract. While a mining company's assets in the ground rise and fall with the market price, EMM cannot benefit from these changes because they have to build the equipment and sell it to a producing miner.

    While I have no doubt that EMM will grow to become a highly profitable manufacturer, it will be a steady share-price increase, not a roller-coaster ride. As I bought this stock to complement my speculative plays, I've sold out of it to maximize my thrills in the year ahead!
 
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Currently unlisted public company.

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