Buying long term position in high risk gold miner today Exploration company but just purchased plant to start producing gold...
Technically this has bollinger band squeeze at $0.023 cents per share - it definitely is a penny stock! don't think I've ever bought something so low in 20 years...!!
Could have massive reward to risk if it turns profitable i.e. reward to risk >50X I'm happy to lose the entire investment in this as the potential reward to risk is massive (and very rare...) especially in businesses that are involved in producing something of value that is tangible...
High risk for sure, but I believe they have done 11 years of research and starting to buy equipment to produce so they see value there...
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