was wondering if the more experienced can tell me what are the characteristics of a company to be the next FMG?????
Ive been trading mining/explorers, made a few hits and misses...
I know a guy who bought into FMG at 0.20 and sold out within a few days thinking they weren't very good.
with these miners, other then the obvious factors such as decent management, $$$ etc. etc.
do these so called nothing companies whose SP is like 1c each, simply try and gather as much money as possible to drill/explore, and they typically will shoot up 100%-1000% in matter of days or weeks if they hit the absolute goldmine of the century........
so what I am asking is, is it almost pure luck........ to be able to pick a stock in the early stages that are going to be like an FMG????