A small mining company in West Africa with a nice trading range from around 1$ to 1,40.
Their frist quarter revenues were higher by 10% and it did generates close to 18M$ in cash from operation altough a bit lower than last year.
The only problem is the cost per ounce that seems a bit high but under control.
I would not bet the farm on this one but it could be a good investment on the short term. I would only wait today to see if the price stabilize and then open a modest position and keep some money on the side in case of a price drop.
As usual (and more actually) DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOSE and always do your own due diligence before investing in any stock. CHEAP SHARE PRICE does not necessary mean a real bargain. Play with extreme caution.
Get THE PLAY OF THE DAY on Twitter : @investman2
Their frist quarter revenues were higher by 10% and it did generates close to 18M$ in cash from operation altough a bit lower than last year.
The only problem is the cost per ounce that seems a bit high but under control.
I would not bet the farm on this one but it could be a good investment on the short term. I would only wait today to see if the price stabilize and then open a modest position and keep some money on the side in case of a price drop.
As usual (and more actually) DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOSE and always do your own due diligence before investing in any stock. CHEAP SHARE PRICE does not necessary mean a real bargain. Play with extreme caution.
Get THE PLAY OF THE DAY on Twitter : @investman2
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