The AIM market has been hit particularly hard, most of the shares I was holding lost at least 60 – 70% of their value in the course of 6 months and to date have not recovered.
An article published 15/12/11 on the iii by Sarah Modlock and Fiona Bond covering the mining sector covers a few choice penny stocks in this area which are tipped for bigger things.
Granted, good value amongst these stocks, but where is Central Rand Gold (CRND.L) in this article? 4p a share earlier this year in January, tumbled to its lowest around 0.22p when their mining rights were revoked in September. Good news has since flowed and mining rights have been granted allowing operations to continue.
Obviously this is a risky investment, but rights granted and a 2 year forecast back to 4p you can be sure to put a small punt in an ISA for tax free profits.
CRND is currently trading at 0.7p @ market close on the 16th December.