I found an article talking about how everyone thinks its a cosntruction company that has crashed and is thus writing it off, but its actually changed into a mining company in Aus, Asia and West Africa.
and its making profit.
They traded at R33 in normal times (after 2010 boom and dip)
I did a rough back of the hand - this company could be profitable and 33x smaller than it was that makes it R1 a share.
Like as a company - they are making money and have a solid order book its basically a free share" - Mr Chris (Covid believer and 2020 Aveng enthuesiast)
So there you have it folks, straight from the horses mounth. Get it while its hot, get it while its low. Make them dollar bills printer go brrrrrrrrrr.
@mauV, most brokers require you to phone in for this type of stock. I know you can do it on Easy Equities if you phone their trading desk. The number for their trading desk is +27 11 214 8016.
Was R33 a share when they had a order book of 50billion in 2014. Now they have a order book of close to 30 billion trading at 6c. I see value long term
Pietie3000
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Hi Wilco, I came across this share recently and thinking of investing. Is your view still the same?
nicvandernest
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@Pietie3000, buying a 2c/3c stock can hardly be seen as 'investing'...