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03-11-2017, 03:30 PM
(13-10-2017, 11:40 AM)sgmystique Wrote: Compact Metal is now trading at $0.029. That is a far way from the $0.012 it had plunged to on the 6th March 2017 when there were fears that trading in Compact Metal would be suspended!
In the same time those who had invested in Cacola saw their entire net worth extinguished. Both the scrips were due to be suspended from trading due to posting losses for 3 successive years.
I lost in Cacola and am making some money in Compact. Just goes to show that diversification might reduce overall returns but it helps one stay in the game
Somebody is willing to pay $0.036 per share of Compact Metal today. That is 3 times the $0.012 it traded at just 8 months back. Am wondering what are those compelling changes that have ocurred to increase the value of the business by 3 times in such a short period of time!!!
Would appreciate inputs from fellow Valuebuddies....
"You are right not because the world agrees or disagrees with you, rather you are right because your facts & reasoning are right."