Forum Topics USL USL E2 Metals Ltd General Discussion
Advent
Added 8 years ago

Thankyou I'm very sorry about this, I would never buy gold mining shares, I like BAP CTD SOL CGF IVC WES those boring wonderful companies that I can understand, I'll tell my mother its a gamble..

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Strawman
Added 8 years ago

Don't be sorry! The whole point is to discuss, question, share etc. This one might be the exception to the rule, but I'd just want any investor to ensure they have a clear and rational investment thesis before taking the plunge.

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Advent
Added 8 years ago

Could I get some feed back on this company, my friend is thinking of buying it (not me thankgoodness) 

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Strawman
Added 8 years ago

super high risk. 98% of these kind of companies lose money for shareholders. So many better opportunities out there. (of course, i'm sure it will rocket higher short term-now that i've said this...). Ask your mate this: what are the assets they have? How far away are they from having an operating mine, and what will be the cost of extraction at that point? How much cash do they have and at what rate are they burning through it? If they can't answer these questions, they are basically gambling, and will likley get the same results

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