ST Alpha - "huh, was looking at a (formerly) mid-tier gold company in town. they've lost 95% of their market cap in the last 2 years." (Reading a Post)

SlickerTalk
Search Archives
The Leaderboard
The FAQ

Login
Create Account

Search Dr. S. Talk
TT/ST Wiki
How Well Do You Know ...

RSS Feed

Hosting by DigitalOcean

Support ST on Ko-Fi

Down to Post

Backboards:

Posts: 163

huh, was looking at a (formerly) mid-tier gold company in town. they've lost 95% of their market cap in the last 2 years.

Posted by mafic Dec 22 '14, 18:15

billion dollars to 50 million. that's an impressive slide.

Responses:

I found one a couple weeks ago that had slid from millions to 64000. - Reagen Dec 22, 18:29 4
- there's been a bit of a trend in Aus recently of failed mining juniors being bought by tech companies for back-door listing. - mafic Dec 22, 18:39
- Bre-X 2.0 -- nm - Beaker Dec 22, 18:31 2
  - this was a pharmaceutical company, as I recall. -- nm - Reagen Dec 22, 18:34 1
    - ahh, I thought we were doing mining stocks! -- nm - Beaker Dec 22, 18:35
ouch. i used to hold newmont mining, but luckily i sold it years ago....nm - x Dec 22, 18:19 5
- yeah, they're beset by some technical issues. one of their mines in Australia is producing at about $1600/ounce right now. - mafic Dec 22, 18:28 2
  - off, that is rough....nm - x Dec 22, 18:31 1
    - they have a bit of a strangling bureaucracy these days. only started getting bad a couple years ago. - mafic Dec 22, 18:37
- I'm holding an energy mutual fund in my retirement account...down almost 8% today :( -- nm - Mistletoe Meg Dec 22, 18:28 1
  - yeah, i still hold a fair bit of commodity related stuff. i'm getting killed on it lately....nm - x Dec 22, 18:29
how have similar companies done? -- nm - b. Dec 22, 18:16 1
- better than them. they did have a run of bad luck (typhoons, politics, and some unexpected mechanical failures), but mostly it was a bad acquisition - mafic Dec 22, 18:20

Post a message top

Replies are disabled on threads older than 7 days.