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
      20,788
    • Total Posts
      89,815
    • Total Members
      40,698
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    CJO
    Joined 09/12/22 18:29
  • Posts

    • Week ahead 12/12/22: Fed, BoE, ECB decisions With little or no corporate data we focus in on central bank decisions at the Federal Reserve (Fed), Bank of England (BoE) and European Central Bank (ECB). IGTV senior analyst, Joshua Mahony, discusses trades around the volatility index, the VIX, EUR/USD and the S&P 500.      
    • Charting the Markets: 9 December FTSE 100, DAX 40 and CAC 40 regain lost ground ahead of US PPI data. EUR/USD, GBP/USD, and AUD/USD look to continue their bullish two-month trend. And gold and natural gas edge higher but oil prices keep falling.         This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.
    • EUR/USD, GBP/USD and AUD/USD look to continue their bullish two-month trend EUR/USD, GBP/USD and AUD/USD look set to continue their bullish momentum, with recent worries cast aside for now.    Joshua Mahony | Senior Market Analyst, London | Publication date: Friday 09 December 2022  EUR/USD continues to push higher after recent pullback EUR/USD has seen a more upbeat tone over the second half of the week, with the dollar strength seen on Monday and Tuesday fading to give way to another push higher for this pair. Markets appear to be in a state of flux, with inflationary concerns reemerging in the wake of last Friday’s jump in US average earnings. Today sees the release of the US producer price index (PPI) inflation figure, bringing potential volatility if we see factory prices head higher. China certainly has little to worry about on that front, with both consumer price index (CPI) (1.6%) and PPI (-1.3%) well below target thanks to cheap Russian fuel and lockdown restrictions. For EUR/USD, we would need to see a move back below the $1.029 swing-low to bring about a fresh bearish signal after two-months of upside for the pair. Until then, the bulls remain in the driving seat. Source: ProRealTime GBP/USD pushing back into key resistance GBP/USD also saw a somewhat downbeat start to the week, with the pair heading lower from the crucial $1.2293 swing-high resistance level. That August high provides a crucial hurdle up ahead for bulls, with a push through that point bringing expectations of another leg higher from here. The uptrend in place over the course of the past two-months has brought expectations of further upside unless we see that ongoing pattern of higher lows end. With that in mind, a bullish view holds unless the price falls back below the $1.19 level. Keep an eye out for the UK consumer inflation expectations figure released at 9.30am this morning. Source: ProRealTime AUD/USD struggling to maintain recovery pace AUD/USD has similarly been attempting to regain ground today, with the gains seen across EUR/USD and GBP/USD failing to carry through here. This could signal a potential waning of the bullish momentum, with the fact that these pair have been slowing in their ascent of late serving to highlight the potential for another bearish reversal in the near-future. That would tally up with what is happening in equity markets, which have shown initial tentative signs of a turnaround before long. With that in mind, watch out for a break back below the $0.664 level to signal a bearish turn for this pair. Until then, the uptrend evident over the past two-months does remain in play. Source: ProRealTime
×
×
  • Create New...