Kore Potash has significantly outperformed the JSE’s All Share index, growing 414.29% over five years, while the index returned only 79.73%
Image: Ai
A little-known company called Kore Potash has outperformed the JSE’s All Share index by a massive percentage, growing 414.29% over a five-year period, with the key bourse index returning 79.73% over the same period.
Kore Potash, which describes itself as “an advanced stage mineral exploration and development company,” is incorporated in England and Wales and listed on AIM, a market operated by the London Stock Exchange, the Australian Securities Exchange, and the JSE.
Yet, its shares are considered so-called “penny stocks,” and are the type of investment that the “Wolf of Wall Street” would have considered for part of investors’ portfolios before his business was shuttered and he was charged with, and jailed, for fraud. The shares are currently trading at 72c, having been worth a mere 14c five years ago.
A little-known company called Kore Potash has outperformed the JSE’s All Share index by a massive percentage, growing 414.29% over a five-year period, with the key bourse index returning 79.73% over the same period.
Image: Supplied
“The Wolf of Wall Street” is not only a nickname for the New York street trader, Jordan Belfort, but also the title of his 2007 book, which was turned into a movie.
Belfort, who filed for bankruptcy at the age of 25 after his door-to-door meat and seafood business failed, founded Stratton Oakmont, which – according to Wikipedia – “functioned as a boiler room that marketed penny stocks and defrauded investors with "pump and dump" stock sales”.
In his book, Belfort details his lavish lifestyle, which included fast cars such as Lamborghinis, massive parties, as well as his drug addiction to methaqualone, sold under the brand name Quaalude, a hypnotic sedative that is like barbiturates. It is currently banned across multiple countries across the globe.
Belfort, currently a motivational speaker, was played by portrayed by Leonardo DiCaprio, who won the Golden Globe Award for Best Actor – Motion Picture Musical or Comedy in the movie of the same name, which was released in December 2013.
After pleading guilty to securities fraud and money laundering in 1999, he spent 22 months in prison.