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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (29707)1/14/2007 4:44:25 PM
From: The Vet  Read Replies (1) | Respond to of 78419
 
A number of Aussie stocks have large numbers of shares issued, in fact it is the norm rather than the exception. There is no penalty in being a penny stock. Brokerage is almost always calculated there on value of the transaction not the number of shares so you just buy 10 or 100 times as many shares at say 9 cents rather than the same value at 90 or $9.00. Cheapies trade in fractions of a cent so the final effect in your portfolio isn't any different.

I bought a block of ADY.AX a couple of weeks ago at 8.9 cents (AUD). They have half a billion shares issued but it is now up to 12.5 cents AUD so it's a 40% gain even though it is only a bit over 3.5 cents a share.



To: LoneClone who wrote (29707)1/14/2007 11:10:58 PM
From: Anchan  Respond to of 78419
 
Re: Ozzie shares having the tendency to be issued in huge numbers: Yes, like BWR, the share base is often huge but investors (=we) simply ignore that fact, trusting that it'll all work out in the end, just like with that other investment that everybody wants to have more of, yet which is in infinite supply: the US dollar.


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