RE:RE:RE:RNC Minerals: Could 2020 Be The Year For a Share Price Rise?GeoD,
So, you have decided to roll the margin dice, based on what you know about the current situation. It's a personal thing, but as they say: "no pain no gain", but make sure that grocery money is set aside. Hope that you would hit something like the Soros' $1B gain in shorting the British pounds before it was devalued.
Some investors would use a similar strategy, i.e. to have an un-secured LoC, say $50k, and use that for investment purposes (tax write off provision ). At least, an un-secured LoC would not be subject to a margin call. However, it would be prudent not to go overboard with debt. Note:
This is for discussion only and not a financial advice. Let us know when you hit it big.
GH11
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Geodan2 wrote: Well today for first day have gone into margin. Bot 50,000 at about .335. Gold over $1600 for first time in years, everything seems to be bullish for RNC. I have not expected so much good news for RNC as we have got. Going forward good news is so much more likely than bad news. Reduced Maverix royalties, just a matter for how much lower, FDV will be mined, the rich Fairplay ore will hit the mill, they are drilling multiple new targets, and cash is piling up in the bank. Was not all that hard of a decision to make with gold breakout frosting on cake. BTW it is still about 50% short at IB, not hardly any yield now on interest, like 3% per year, but a setup for possible squeeze.
So short answer, YES and am betting on it :-)