Well it’s been a couple of years since I launched my Penny Stock Investing courses and to date it has been a hugely rewarding experience for me. Communicating with students, answering questions and watching some of them grow in such a short period of time has been amazing. These courses were never designed as a means of selling someone a …
The $50k Challenge!
I have officially kicked off the $50k Challenge and started investing $50,000 in the share market with live buys and sells. This will ensure complete transparency through this experiment. I will also be providing brief reasons for buys and sells as I go. To make the updates easy to follow I have created a $50k Challenge page on my site …
The $50k Challenge – Update 32
The $50k Challenge update 32 – 16/02/2024 Stock Code: $VMM Shares Sold: 89,286 Share Price: $1.12 Average (Shares sold across numerous days including 05/02, 09/02, 12/02, 13/02, 14/01 & 15/02) Total profit: $82,143 Shares remaining: 129,464 Reason for selling: Viridis Mining $VMM has been an outstanding performer to date and incredibly named as the fourth best performing company on the …
The $50k Challenge – Update 31
The $50k Challenge update 31 – 15/01/2024 Stock Code: I88 Shares Purchased: 250,000 Share Price: $0.20 Company Presentation Link: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02762078-6A1189451 Reason for Buying: Investment Highlights The company maintains a relatively modest market capitalization compared to industry peers, having successfully raised over $5 million through its IPO. This substantial cash infusion bolsters the company’s financial position, significantly reducing the reliance on …
The $50k Challenge – Update 30
The $50k Challenge update 30 – 04/01/2024 Stock Code: VMM Shares Sold: 31,250 Share Price: $1.60 Total profit: 700% / $43,750 Shares remaining: 218,750 Reason for selling: Viridis Mining $VMM has been an outstanding performer to date and incredibly named as the fourth best performing company on the ASX in 2023. The only reason I have partially sold is to …
The $50k Challenge – Update 29
The $50k Challenge update 29 – 14/03/2023 Stock Code: EQN Shares Purchased: 53,700 Share Price: $0.175 Reason for Buying: Equinox Resources has been in my portfolio since its IPO in late 2021. EQN is an iron ore explorer located in the in the Pilbara region of Western Australia. Its existing Hamersley Iron Ore project has a global Mineral Resource of …
The $50k Challenge – Update 28
The $50k Challenge update 28 – 24/02/2023 Stock Code: ZEO Shares Sold: 205,000 Share Price: $0.046 Reason for Selling The main reason for selling ZEO was due to the fact that my portfolio has grown much larger. As such ZEO only held about 2.5% of my portfolio which is too small of an allocation. Hence, I have decided to sell …
The $50k Challenge – Update 27
Stock Code: VMM Shares Purchased: 250,000 Share Price: $0.20 Reason for Buying SOI: 35,397.889 Cash: $5,000,000 Market Cap: $7,079,578 Enterprise Value: $2,079,578 VMM is listing with 5 projects including the South Kitikmeot Canadian Gold Project, Boddington West Gold Project located in Western Australia, Bindoon Nickel/copper/Platinum Project also located in Western Australia, Poochera Kaolin/Halloysite project located in South Australia and finally …
The $50k Challenge – Update 26
The $50k Challenge Update 26 – 18/01/2022 Stock Code: ZEO Shares Sold: 285,000 Share Price: 0.078 Total Profit: 1,200% / $20,520 Shares remaining: 205,000 Reason for Selling As per my last sale in ZEO, I am very much still bullish on ZEO, however I need to clear funds for a new stock that will enter the $50k challenge shortly. This …
The $50k Challenge – Update 25
The $50k Challenge Update 25 – 17/01/2022 Stock Code: CDX Shares Sold: 480,000 Share Price: 0.058 Total Profit: 132% / $18,101.19 Reason for Selling The main reason for selling CDX is to clear funds for a new stock that will enter the $50k challenge shortly. Please remember all content is intended to be used and must be used for informational …
The $50k Challenge – Update 24
The $50k Challenge Update 24 – 05/10/2021 Stock Code: EQN Shares Purchased: 150,000 Share Price: $0.20 Reason for Buying SOI: 95,500,001 Shares escrowed: 50,000,000 Cash: $9,000,000 Listing price: $0.20 Market Cap: $19m EV: $10m EQN is an iron ore explorer located in the in the Pilbara region of Western Australia. Its existing Hamersley Iron Ore project has a global Mineral …
The $50k Challenge – Update 23
The $50k Challenge Update 23 – 04/10/2021 Stock Code: ZEO Shares Sold: 175,000 Share Price: 0.087 Total Profit: 1,350% / $13,950 Shares remaining: 490,000 Reason for Selling As per my last sale last week, I am very much still bullish on ZEO, however I need to clear funds for a new stock that will enter the $50k challenge shortly. This …