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Gold Prospecting
Hard Rock Gold Prospecting
Will nuggets from Castlemaine lead to a mine from Kalamazoo?
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<blockquote data-quote="user 4386" data-source="post: 595301" data-attributes="member: 4386"><p>Routine buy and sell is almost all done the way you say now. But stockbrokers are very much still in business. They extend into areas like wealth management and financial services, and are used where floating companies and getting investors together to do so. They may specialise in a particular area such as derivatives trading. In many cases they know far more than someone hunting advice on-line (they know the sharks and shonky companies and individuals etc and their past history and track record).</p><p></p><p>Amateur investors tend to assume that things like these nuggets or a drill intersection will send shares up or make a company (I made that mistake when starting out). Valuation of a company's properties, its cash reserves, and who it is talking to about an unrelated option or joint venture, or timing of dividend payments are more commonly what determines share price. For example, I would not have taken the slightest interest in Kalamazoo's nuggets and I am not overly fond of their ground holdings (which are totally unlike Fosterville), but that is my personal bias. Not what I look for.</p></blockquote><p></p>
[QUOTE="user 4386, post: 595301, member: 4386"] Routine buy and sell is almost all done the way you say now. But stockbrokers are very much still in business. They extend into areas like wealth management and financial services, and are used where floating companies and getting investors together to do so. They may specialise in a particular area such as derivatives trading. In many cases they know far more than someone hunting advice on-line (they know the sharks and shonky companies and individuals etc and their past history and track record). Amateur investors tend to assume that things like these nuggets or a drill intersection will send shares up or make a company (I made that mistake when starting out). Valuation of a company's properties, its cash reserves, and who it is talking to about an unrelated option or joint venture, or timing of dividend payments are more commonly what determines share price. For example, I would not have taken the slightest interest in Kalamazoo's nuggets and I am not overly fond of their ground holdings (which are totally unlike Fosterville), but that is my personal bias. Not what I look for. [/QUOTE]
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Gold Prospecting
Hard Rock Gold Prospecting
Will nuggets from Castlemaine lead to a mine from Kalamazoo?
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