RE: RRR's neighbour +9.22% to A$3.20 ,A$632 Million Mkt Cap, 29.8.2429 Aug 2024 12:42
Robins
The Question you ask about when RRR is going up is the same type of Question & Dream of every investor on this site and other sites isnt it?
So, the question should be [as I asked myself years ago] is : How does a co go from a shell market cap to $1B and more ?
In Australia, it did happen eg Fortescue. Forrest started a junior explorer and it failed due to the complexity of the mineralisation. Forrest went on to start Fortescue & the capex he told his wife was a bit less than what it required ie $1.5bn at least for starters. He told his wife how they needed to construct a railway etc. The rest is history. Today, Fortescue is a A$57 BILLION mkt cap. Fortescue is 1 of Australia's highest tax payers ie co's per AFR.
"TWIGGY MADE ME A MILLIONAIRE"-AFR, 9 May 2008. This investor turned $1m into $1.2bn in 5 yrs. He amassed stock at "dreadful 1c to 3c" and at the time of the article Fortescue went to $9.09, adjusted for capital changes. THE 1,000 rise made many people rich per the AFR article.
So, ya see, AFR wanted to interview such types of investors and these type of successes are indeed NOT an everyday occurence [CAVEAT]. It takes a lot of factors to build Fortescue isnt it? DYOR, NIA.
--------------------The Question and Grail of ALL investors, isnt it?--------------So, who on this forum has ever experience something like that? Answers on a postcard. News, Thur, 29.8.24 @12:45 noon. [[[[A dream isnt it?]]]