Followers | 17 |
Posts | 1200 |
Boards Moderated | 0 |
Alias Born | 11/30/2012 |
Thursday, March 14, 2013 4:05:52 PM
I like your simple math! I wish my broker knew how to do YOUR math!
Lets see, you bought a small position at .0011, then added a little more at .0010, then you said all you needed was 2 times that share amount to get to a .0007 cost basis...hmmm
So lets plug in those numbers and see what happens. Let say you buy 100K at .0011, then another 300K at .001. That gives you a cost basis of .001025. You buy another 800K at .0006 ( 2x the amount) gives you a cost basis of .00089 by my math. Someone double check that, I could be wrong as well. I said you needed 5 times the amount at .0006 to get you to a cost basis of .0007 which would be 2M shares. Lets try that. Well thats a little low, about .00067
All Im saying is that you dont have a cost basis of .0007 when you bought at .0011 and .001. and then averaged down at .0006 at only 2 times the amount of the totaled 1st and 2nd purchases. Sorry
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM
Element79 Gold Corp Announces 2024 Clover Work Plans & Nevada Portfolio Updates • ELMGF • Sep 10, 2024 11:00 AM
Nightfood Holdings Inc. Completes Major Step on Uplist Journey by Closing Strategic All-Stock Acquisition of CarryoutSupplies.com • NGTF • Sep 10, 2024 8:15 AM
Element79 Gold Corp. Announces Sale of 100% Interest in Elder Creek, North Mill Creek, and Elephant Projects to 1472886 B.C. Ltd. • ELEM • Sep 9, 2024 9:34 AM