Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
There seem to be so many mining companies on AIM that burn through cash without looking any closer to actually producing anything! Some of them catch my eye as they’ve been around for a few years and often were previous ‘darlings of AIM’ amongst private investors, and SolGold (SOLG) definitely falls into that category.
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Comments
zach01
Very surprised, no comment yet on “purplebricks”. Now that is a company that knows how to spend money. Please read results.
Gary Newman
Zach,
Purplebricks is one that i covered as a sell/short from 96p a few weeks ago. Crazy valuation and burning through cash at an alarming rate!