Not really, I have several other safe & boring stocks to balance out the exciting and unpredictable Exillon. It is my pension after all! Cheers
No - just this one marc.
in for a penny , in for a pound. I like stocks with good risk/reward profiles and this seems to fit the bill. maybe downside 20p but from what you say upside could be multiples of that. I have given up trying to make money on the exploration stocks and am only going to buy producing companies from now on ( at least until the exploration sector gains favour again ). other stock I like here is amerisur , another that I think will do very well over the next few years. thanks for the advice , nice to find a board with well mannered helpful people on it instead of the usual childish behaviour. are there any other similar names either of you own ? thanks marc
Yes - I think that's a very good summary of where we are.
The quality of the stock itself can't be questioned, in fact I've seen valuations of £8 considered reasonable and comparable to other similar stocks. So what's keeping the price low? I think it's a case of shareholder trust/mistrust. The departure of the directors last month saw the price plummet because people thought the rumours regarding price manipulation in order to buy it out on the cheap were true. Now the price is creeping back because there's enough buyers out there who don't believe the new major shareholders would act in a such a way. I've got no reason to doubt their integrity so I'm staying put. Having said that, I admit I do have some doubts. Big risks for big gains. That's why we do it!! Perhaps not one for the pension funds.
lol marc cheers! I suppose a few weeks or so ago there were fears that it could be nationalised but that would ignore the consequences of such behaviour for all Russian stocks. Putin discount would become very significant as confidence in their listed companies and stocks would be through the floor. The company announced that it was entering into a formal sale process several months back. This saw the sp rise to as high as £3.50 if memory serves. Then it fell away as it was announced that the sale would not be taking place. But it just goes to show how much of a discount this stock is truly trading at. New BoD - who knows what their strategy will be. All I know is that I've been in and out of this for 2.5 years and over that period production has increased astronomically. They have got all the infrastructure in place to keep producing now too. As far as I can see it's a really sound investment. Yes it'll have ups and downs, but value will always out.
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