My accountant told me of one of his clients doing this. He bought a whole heap of 1-30 cent shares across different companies (mostly mining at the time, and roughly 5k in each). Couple of years later he asked the accountant to check, and up popped about $800k- 1.3mill (can't remember how much it was now). Bugger was apparently already dripping with money as well.
Shares That Made You $1 Million - Fin. Review
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My accountant told me of one of his clients doing this. He bought a whole heap of 1-30 cent shares across different companies (mostly mining at the time, and roughly 5k in each). Couple of years later he asked the accountant to check, and up popped about $800k- 1.3mill (can't remember how much it was now). Bugger was apparently already dripping with money as well.
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hi moXjo, you would probably have noticed that with a lot of the smaller companies when the markets first crashed, Etrade, Commsec and a lot of other institutions all poped into the top 20 holders of a lot of the little miners and oilers, guess they work on the same theory.
Don't want this to be seen as ramping but in the context of the gas plays mentioned above, where would you guys rate MMR with their offshore NSW PEP 11 project. I appreciate Santos walked away some time ago, however the board appears very capable, they seem to have considerable csiro and gov't support and have recently taken steps which indicate they will be out there in the next few months with seismic survey etc, and perhaps first test drill not long after.
I have no undertsanding of the technicalities, but from presentations the potential looks feasible. What do you guys think? I recently posted a summary of what I understand of the status, inc links in the MMR thread. One thing we can expect is fairly wide media coverage if and when approval for the first drill is announced.
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hi, does anyone know where I could get a copy of this in Melbourne? I think it was the Saturday edition (31st Oct) I'm holding OEX (avg 0.29) and MEO (avg 0.54). Would like to see what this article says about them
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hi, does anyone know where I could get a copy of this in Melbourne? I think it was the Saturday edition (31st Oct) I'm holding OEX (avg 0.29) and MEO (avg 0.54). Would like to see what this article says about them
Try this for 2 weeks free at AFR. This will keep them happy or you can get your news agent to get one for you.
http://www2.afr.com/home/login.aspx?ATL://20091031000031719421§ion=Smart Money
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Looks like MSB is currently the only one that is making it's way up.
Attachments
There is always the argument for staying in there for the long haul, especially within the high cap blue chips. Did not freak out over the GFC as many did when they jumped ship. Bought BHP @ 3.04 and RIO @22.42 all those years ago This not gorilla chest thumping here, but to suggest that a long term goal requires a long term vision. Playing the market and earning its respect requires a lot of patience which is the the opposite side of the coin to the quick buck.
Buckfont
Buckfont
So_Cynical
The Contrarian Averager
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Remind's me of a particular thread https://www.aussiestockforums.com/forums/showthread.php?t=14255 and chart i posted there from a little while ago, the question i asked was how do you do this? and the only answer that rang true for me was to have vision and believe in the stock, to have a goal/top in mind...to keep holding through the 2 big pull backs you have to absolutely believe.
.
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BHP at $3.04. That sure is long term investment.
With 2 or 3 share splits along the way.
You can do all the chest thumping you want.
Well done. Buckfont.
With 2 or 3 share splits along the way.
You can do all the chest thumping you want.
Well done. Buckfont.
Logique
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Don't follow CSS Clean Seas Tuna,
but interested to know from anyone who does - this stock can make a millionaire - really?
but interested to know from anyone who does - this stock can make a millionaire - really?
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MSB for me. None of the others
Interesting and challenging , with insight and then in a few years time, hindsight!
It is not a surprise that you see oil and gas play companies in the list.
Don't forget the CSG / Junior Coal stocks, e.g. LOD, BOW, EXE, SMR etc.
These small caps need some exploration success and they could be heading in the same direction as well!
I do hold SMR since their float and am very happy with what their share price has done thus far. If I can resist the urge to sell, who knows where they could be with a couple of mines producing and exporting in a few years!
Regards
bazollie
It is not a surprise that you see oil and gas play companies in the list.
Don't forget the CSG / Junior Coal stocks, e.g. LOD, BOW, EXE, SMR etc.
These small caps need some exploration success and they could be heading in the same direction as well!
I do hold SMR since their float and am very happy with what their share price has done thus far. If I can resist the urge to sell, who knows where they could be with a couple of mines producing and exporting in a few years!
Regards
bazollie
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Remind's me of a particular thread https://www.aussiestockforums.com/forums/showthread.php?t=14255 and chart i posted there from a little while ago, the question i asked was how do you do this? and the only answer that rang true for me was to have vision and believe in the stock, to have a goal/top in mind...to keep holding through the 2 big pull backs you have to absolutely believe.
.
That's the million dollar question....or was once a millionaire.....
Purple XS2
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I hate to sound like Jonah on matters relating to BioPharmica - BPH (soon to call themselves BPH resources, I believe), Grandbridge - GBA, entities associated with MMR, but before you entertain notions of getting rich in any of their glorious futures, you could do worse than acquaint yourself with the not-yet-but-one-day-someday emergence of a previous 'spin-off' (from BPH) named Cortical Dynamics.
On the basis of my experience, I am unable to endorse your sentiment of a 'capable' board.
Regards,
P.
So_Cynical
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CSS have successfully bred Southern Bluefin Tuna in tanks, pretty sure they were the first in the world? the future of table fish is captive breeding and fish farming in offshore holding pens...wild stocks are in rapid decline and the wild catch international quotas have only very recently been cut by around 50%
Some fish like Atlantic cod have all but been fished out...the world fish market must be worth billions, ive no figure to quote....so easy to see the potential of CSS if they can somehow licence or protect there intellectual property and prove consistency and scalability.
a share that could possibly fall into this category is CoalSpur(CPL)
Coal explorer in Canada
close to infrastructure
have already a JORC resource of 470 million tonnes of high grade thermal coal
additional leases (around 150km²) have been granted with feasability studies already undertaken thirty years ago. it is estimated these should take CPL above the billion tonne mark.
current market cap : 107 million
this is definitely an investor stock as it will be a gradual process from increasing resource base over time and achieving milestones.
if it can increase its market cap to centennial coal or Macarthur coal levels over time, with enough starting capital you could definitely make a million
DYOR
Coal explorer in Canada
close to infrastructure
have already a JORC resource of 470 million tonnes of high grade thermal coal
additional leases (around 150km²) have been granted with feasability studies already undertaken thirty years ago. it is estimated these should take CPL above the billion tonne mark.
current market cap : 107 million
this is definitely an investor stock as it will be a gradual process from increasing resource base over time and achieving milestones.
if it can increase its market cap to centennial coal or Macarthur coal levels over time, with enough starting capital you could definitely make a million
DYOR
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I am expecting 100fold returns from the 2 stocks which I hold: TZL and UNS.
1 has NASDAQ as a gameplan with Mark Bouris at the helm. The other will list on NASDAQ on Feb10. Both are disruptive technology companies which plan to be gamechangers.
In my opinion it is these kind of companies where the real big returns are made. In regard to resource stocks, I feel as though the rough diamonds have already been polished to some degree (eg FMG & PDN). Every man and his dog is into resource stocks now, so it will be really difficult to find a diamond in the rough without some big party having got there first. The key is to find unloved and unfashionable stocks. I always look at the size of the market, the competition and barriers to their entry. Next I look at the margins and management. If all of these boxes are ticked, then I dig further.
1 has NASDAQ as a gameplan with Mark Bouris at the helm. The other will list on NASDAQ on Feb10. Both are disruptive technology companies which plan to be gamechangers.
In my opinion it is these kind of companies where the real big returns are made. In regard to resource stocks, I feel as though the rough diamonds have already been polished to some degree (eg FMG & PDN). Every man and his dog is into resource stocks now, so it will be really difficult to find a diamond in the rough without some big party having got there first. The key is to find unloved and unfashionable stocks. I always look at the size of the market, the competition and barriers to their entry. Next I look at the margins and management. If all of these boxes are ticked, then I dig further.
I'm holding TZL too. I hope you're right. I've been holding there for I guess 3years.
I think UNS I did start looking at but didn't get very far.
I am interested ubiquitous, have you had any 100fold returns in the past? Just curious.
Garpal Gumnut
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Always buy RIO under about $30-$40, depending on the mood and funds.
Always.
It may take a while for them to get up, but they will.
And they go down again too.
gg
Always.
It may take a while for them to get up, but they will.
And they go down again too.
gg
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Agree with you. There should be CSG/Junior Coal stocks on the list.
CSG - easier to find,enviromentally friendly & initially more costly, long term may be excellent.
It'll be interesting to see when the LNG plants are up & running, whether the smaller CSG players get taken over.
Apollo Gas - AZO shot like a rocket since day one, have since pulled back.