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To: Hawkmoon who wrote (52670)5/13/2000 6:45:00 PM
From: goldsnow  Respond to of 116762
 
The Australian sharemarket has always had more than its share of small stocks, often called "penny dreadfuls", that have historically been mineral exploration stocks down on their luck because of a metal price slump.

Buying them has always been something of a risk, but when the next boom comes, as it inevitably does, a share you bought for 5½ can suddenly rise to 50½. Which is why the small miners survive, like lottery tickets with no expiry date and a draw every four or five years.

afr.com.au