Club Mulgoa

Friday, September 02, 2011

IVR

This has been such a loser for such a long, long time. It used to be SNU, seeking uranium. We know what happened to the price of uranium.

After it changed to IVR, it has never had a joyful history until very recently. Suddenly it starts to stride ahead because of rich Ag discovery. The grades are excellent so it leapt by more than 100% today by 9.2c to 18c per share. Luckily I never sold this parcel!

I get the nicest feeling when a long standing stock finally lives up with its expectation. From loss to loss to loss to loss, today, it has suddenly become a profit. And this is in the midst of a 65 points fall in the ASX 200.

0 Comments:

Post a Comment

<< Home