ERM
I bought into this stock a long time ago, expecting an outstanding performance. It had good discoveries and... a functioning gold mine. Yet, it failed.
However, there are big gold companies interested in it so I never got rid of it. And yesterday, with another good exploration result, I bought at 6.3c at prevailing market price. It had already risen a bit on a day when the ASX was down... but I wanted to top it up. Someone must have liked the stock a lot because it went to 7.9c today.
posted by Club Mulgoa @ 11:26 PM
2 Comments:
Something that I cannot understand is why a stock is ignored when the pointers are good. A much bigger gold miner is standing behind it and it has been scoring good exploration results. Current investors were selling and new investors were uninterested.
I topped up at 6.3c in July when it had just announced another good find. Yesterday, it hit 9.6c. Because of the top up, my total holding has gone green :-)
Today, after just over a month after the most recent topped up, it has gone up by around 100%.
Why new investors are not interested or why current investors are selling, still puzzles me. But I am very grateful to indifferent buyers and willing sellers!
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