Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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I got lucky with SXX, I bought in somewhere around 25p and sold out around 33p. I only sold out because they didn’t have any cash at the time so was expecting a raise. They had great potential, it was just the lack of cash that eventually crippled them. I’m wary about VAST at the minute. They’re going into production this month after many years, I’m just dreading the day they announce a consolidation after many years of placings.
EML do look good and I’ve had them on my watch list for about 12 months now. May have a dabble if EUA jumps to 30p. One I’m keen on is BMV, they’re on the cusp of finance by the end of this month. If it goes through, they’ve already confirmed they won’t be looking at doing any further placings in the future.
That broken sentence should have gone on to say we all have different objectives and criteria for profit making.
As for getting burned. I put what I salvaged from SXX into a bio tech company called TRX only tk then get hit by 400% dilution... in retrospect I should have spread my risk between EUA, EML (potential potash miner, worth looking at imo) and TRX but hey ho. I'll just have to wait lomger to realise any gains from that money.
Am I tempted to sell 140 quids worth to derisk my investment. Yes. Would I kick myself for having less shares upon news of sale. Yes.
My research (which may as well be Ian's, Alex's,mac's, GK's and co) indicates I should be long and strong and that is what I will be. Not that everyone else should as w I'd say good luck all but frankly, we don't need it so I'll wish everyone good health instead.
PS. What a nice surprise upon reviewing my account this morning. Went from £1700 under to about -150ish. Happy days.
That’s the key, never invest more than you can afford! It is only money in the end of day. I’ve learnt the hard way, a few years back around 2015/16 I had 5 US oil companies go bump on me within 6 months. Each out of the blue applied for bankruptcy protection out of the blue. I lost money on all of them. I lost a bit again recently with 88E too, which is why I say you should always spread the risk. I usually aim for a minimum of 10 different companies at any given time, rather than having my entire holdings in just 2 or 3.
Moneymaker - I've lost an absolute fortune with UKOG and INFT... I'm just about now back on an even keel through EUA and am holding out now for the sell, if indeed that's what happens to us... No matter what though, it's only money and I NEVER invest more than I can afford to lose... That way, I can sleep soundly every night... ATB. Tony
Nearly everyone I’ve spoken with has had bad experiences investing. However, there’s one thing I’ve learnt and that’s you can’t win then all. You’re always going to make some bad choices, the key is learning from.
The two things I’ve learnt are that you should always spread your risk. No matter how good one share seems, don’t plow all your money into it, always split it between a couple, just incase the worst happens. Second is, if you truly believe in a company hold on tight and for as long as it takes.
I’ve been in here for a fair few years now, since 0.45p. After we got the amazing news of the MT licence, this went over a penny. No one thought it would drop below a penny again, it did within less than a week. It slowly went down to around 0.5p again, making me second guess myself and the market wasn’t ever going to see the potential. Now, I’m finally reaping the benefits of good research and sitting tight. I top sliced at 1p, then again at 3.5p and have just done my final one at 13p (I always intended 9.5p, but we missed it completely). Now it’s a case of riding this out and keeping faith in the BoD.
Moral of the story; if you truly believe in a company and the BoD are doing the right things, it’s purely just a waiting game but those years of waiting will all have been worth it if it comes good in the end.
GLA