Club Mulgoa

Thursday, February 09, 2012

IVR

Plenty of promises, then it nearly died and then it found silver. Today, in a down market, this stock jumped 38% and it is not a low volume trade. That usually means that someone is very interested in taking over the company.

Or there is inside information regarding more Ag to be uncovered.

It pays sometimes to persist with loss making companies! Once upon a time, it used to be a uranium explorer and then it changed its focus. Now I am up >2.7X since 2007. This is one of my very few very profitable stocks bought just before the onset of the financial crisis.

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