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Mount Burgess Mining (MBT)


Guest ClaireD333

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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

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  • 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

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