Club Mulgoa

Friday, July 15, 2011

Simple arithmetic

http://www.proactiveinvestors.com.au/companies/news/17920/asx-gold-producers-cga-mining-lachlan-star-dragon-mining-integra-mining-silver-lake-resources-17920.html


Here is an article, doing all the homework for you. I own 4 out of the 5 companies mentioned. And topped up on SLR. If the market stays as it on Monday, I will have to collect the other company LSA mentioned because its market capitalisation is worth $40 million but it is collecting revenue of $70 million a year. After cost, it will probably be a PE of 1.

Investing in vexing!

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