Fully agreed that most are worth lesser....at 0.001/2c can it goes down to zero, possible but it's worth the risk if you take your time to carefully screen thru the shares. As long as it stays listed....one day it'll wake up!!
There is reason for stock to trade at low priced..
Most likely it is worth lesser than that
Rowsley warrant trading at 0.002/3c due to its expiry date ( 03 Oct ) is near so if never convert by then.....it'll expired worthless. The conversion price is 18c.....presently its out of the money ( mother share price is only at 13.6c ). LionGold is a crap money losing stock ( one part of the ABL saga ).
At the moment I vested in LionGold and Rowsley warrant.
Such as ?
Thanks for sharing your view with me on this strategic.
Recently Linc is one such example....halted with no news what is happening.
Later rto..share con...and delist...or suspend...no point le
At that level....the share price has not much to drop. Unlucky then money gets tied down therefore never go into this trade if money is not enough....must be spare cash only. Lately I vested in a couple of them.....and is looking out for more opportunities just to spread the risk. This can be considered a long term investment too. If one of them is to pop up once during the year then it's a good return. There are strict rules to follow with this type of investment strategic. 1) buy with spare cash. 2) no need to look at them every time. 3) must be listed in the Catalist so that no MTP ruling of share consolidation. And this needs a lots of patience to wait till it pops. Good luck and Huat Ah. My 2 cents sharing and DYDD.
The risk is the stock is halted then suspended. Then again this also happened to higher priced stock eg S-chips....that's why I follow certain rules to screen the crap stocks.
Later rto..share con...and delist...or suspend...no point le
At that level....the share price has not much to drop. Unlucky then money gets tied down therefore never go into this trade if money is not enough....must be spare cash only. Lately I vested in a couple of them.....and is looking out for more opportunities just to spread the risk. This can be considered a long term investment too. If one of them is to pop up once during the year then it's a good return. There are strict rules to follow with this type of investment strategic. 1) buy with spare cash. 2) no need to look at them every time. 3) must be listed in the Catalist so that no MTP ruling of share consolidation. And this needs a lots of patience to wait till it pops. Good luck and Huat Ah. My 2 cents sharing and DYDD.
Like what I said.....most are pure rubbish stocks that is trading at 0.001/2c.
There is reason for stock to trade at low priced..
Most likely it is worth lesser than that
At the moment I vested in LionGold and Rowsley warrant.
Such as ?
Later rto..share con...and delist...or suspend...no point le
At that level....the share price has not much to drop. Unlucky then money gets tied down therefore never go into this trade if money is not enough....must be spare cash only. Lately I vested in a couple of them.....and is looking out for more opportunities just to spread the risk. This can be considered a long term investment too. If one of them is to pop up once during the year then it's a good return. There are strict rules to follow with this type of investment strategic. 1) buy with spare cash. 2) no need to look at them every time. 3) must be listed in the Catalist so that no MTP ruling of share consolidation. And this needs a lots of patience to wait till it pops. Good luck and Huat Ah. My 2 cents sharing and DYDD.
There is reason for stock to trade at low priced..
Most likely it is worth lesser than that
At that level....the share price has not much to drop. Unlucky then money gets tied down therefore never go into this trade if money is not enough....must be spare cash only. Lately I vested in a couple of them.....and is looking out for more opportunities just to spread the risk. This can be considered a long term investment too. If one of them is to pop up once during the year then it's a good return. There are strict rules to follow with this type of investment strategic. 1) buy with spare cash. 2) no need to look at them every time. 3) must be listed in the Catalist so that no MTP ruling of share consolidation. And this needs a lots of patience to wait till it pops. Good luck and Huat Ah. My 2 cents sharing and DYDD.
Such as ?
Lately there are quite a few of these stocks in the market....just trading at 0.001/0.002c. True that most of these are pure rubbish stocks and at times will even have no trade for days, weeks, months or even year. But if you slowly screen thru the lots....you may find "hidden gem".
