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Bought 2000 shares of SLGLF at 0.04

posted 07/04/08 03:05 PM (Note posted 13 days after the trade) | Viewed 202 times
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Users Bought (30 Days) 0 (0%)
Users Sold (30 Days) 0 (0%)
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Transaction: Bought
Symbol: SLGLF
Quantity: 2000 shares
Price: $0.04
Value: $80.00
Stop Order: No @ $N/A
Target Price: $0.00

Lowest price since Oct 2007 - $0.0440.  
Badly beaten with high expenses this year.
Got a few thousand shares cheap A few cents rise will break even.
Company is promoting selling shares in China.
If dollar continues fall - could benefit from higher metals prices.

Cons:
Company poorly managed.
Commission of $0.01 proved expensive on the purchase and put the over all trade at significant % loss.

Edited by Xlthos at 07/04/08 03:11 PM

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