Jump to content

Mount Burgess Mining (MBT)


Guest ClaireD333

Recommended Posts

Guest ClaireD333

Dear Investment Gurus,

I was wondering if anyone has invested in Mount Burgess Mining (ASX).

I have looked at their charts and potential and think they maybe a potential for investment.

I am very novice to investments and could do with any advice :smileyvery-happy:

 

Positives that I can see are:

Low share price

Geo surveys are 90% probability of large deposit of silver/zinc/lead over 13km strike length

Prospecting licenses have been granted for the whole of the surveyed area

Zinc and silver prices are buoyant

Zinc reserves are dropping especial with the Chinese mines exhausting.

 

Downsides that I can see are that:

they are relying on diesel generators for machinery as there is no electric grid anywhere near drill sites currently

regional instability

 

Any advice very welcome

 

Many thanks in advance

Claire

Link to comment
  • 3 weeks later...
Guest Milloony

Hi Claire, I used to invest in companies like that when i first started, get rich quick and all that. Please dont waste your money (i bet they dont pay a divi) they will string you along with report and potential but slways promising in the future and never now. I started 20 uears ago and still have some of that type of stock at a loss or they have gone bust with say my 5000 shares and re-appeared giving me a few hundred shares which are virtually worhless! You get the odd one that makes you money but all in all there are much better places to put your money. Have s look at this lot that i wasted my rime with if you want a case study:

Lonmin - £30 share to 30p then re started.no divis

 

Leed petroleum 60p to 1p re started / worthless no divi

 

Desire petroleum still in- god knows - been promising to make money for over 20 years now.

 

Central china goldfields this reminds me of your stoclk. Keep you on the hook using YOUR money for no return!

 

Stick to big divi payers like BP.. (4 divis a year) or de la rue (dlar) 2 solid divis a year then at least if you get no capital appreciation you have something in return.

Hope that saves you having to gp through years in the small caps and AIM wilderness like i did

Link to comment

Archived

This topic is now archived and is closed to further replies.

  • General Statistics

    • Total Topics
      23,663
    • Total Posts
      97,145
    • Total Members
      44,215
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    AitorIG
    Joined 08/12/23 11:57
  • Posts

    • Insightful write up. Personally, I use top down analysis to mark my pivot points and i prefer to call them zones. As seen from my ETH chart below, i have been swinging the bullish ride with my top down analysis. 
    • One exchange that checks the box interms of my own requirement is bitgetglobal. The exchange is reputable for been compliant with regulations globally, its copy trading is the largest with over 100k elite traders and 540k followers, its trading fees is amongst the lowest in the industry. The one area i feel they need to improve on is their P2P. This area is lagging compared to that of Binance and Bybit.
    • Here's the next set of TIME CYCLES - I've had these dates on my charts since 2015 ish Please note this is just to show you that the markets are not random and we can TIME them - the AIM of this thread is to SHOW you that dates calculated years in advance can be significant These Time Cycles are not all of them, just the ones I wanted to show you, which are the INTERNAL cycles of a bigger Time Cycle - some will hit and some won't - REMEMBER, lots of active cycles are ALL operating at the same time Notice that there's not a TC for the 2022 high - the reason is that there was one, it's just not part of this series of TC's I'm showing you - Then when we look backwards in 2034, you'll be able to see market price action around the dates and you will KNOW these are not random dates thrown on a chart in the hope of hitting - because If you are ignore the latter dates (not yet shown) in the cycle, then you will come a cropper and when Investments are concerned that will mean LOSING lots of your money I'm still using the screenshot taken in Oct 2020 - Once we complete 2025, I'll update the chart with price data and take a screen shot from then on for the next cycles The THICK BLACK line is the mid-point of the cycle, which in the grand scheme of things "should / is expected to be" a significant LOW point when viewed back in time from 2034! - It WILL NOT be a major low, so don't expect a humungous price crash to it, it will NOT be how you are imagining it in your head right now Notice that most of those cycles are "LINKED" that's because they are the same cycle which repeats THT
×
×
  • Create New...
us