Club Mulgoa

Tuesday, March 29, 2011

VKA

I think I have to go to primary school to refresh my multiplication tables.

I bought 10x more share in VKA than I was going to buy! I put one "0" too many for the number of shares! Luckily it wasn't my super fund portfolio. So tomorrow, I will have to sell some shares to correct the error.

But VKA is so cheap from a EV/Oz Au valuation. In fact extremely cheap. So if the share price goes up tomorrow, it will be great for me! So I have to hope that the price of gold will not fall tomorrow.

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