Bought my first penny mining stock in early 1964 based on rumours of find near Timmins by Texas Gulf Sulphur. The rumour was correct but I lost money. The stock I bought was not near or even in the area as reported by a large Toronto newspaper. It was my first lesson re: stocks. Be polite, don't argue, but always check your sources and question everything you hear, see or read.
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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.