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hardly P&D - its called "buy low, sell high". What all good investors do. If i'd made 500% on a previous investment I think i'd take half off the table too given I probably still have a shedload of warrants to cash in..... :p
It is indeed low. UFO came up on my search a while ago way before the rerate, there were hardly any posts there. I didn’t buy because I didn’t like the bitty projects, thought it was a fag packet BoD and felt they needed cash and the raise would kill it. Well I got the cash bit right!
l had to stick to my conviction buy choices based on my own investment criterion. BoD, postcodes, prospects, historical finds, funding blah blah...
When I stumbled on THR I spent an age trying to work out what I was missing. The old adage if it’s too good to be true it probably is so then made another error. I didn’t buy enough!!
People will be making the same mistake now. It’s up 100% it can’t be cheap anymore. Hence use the mcap and value the company from what you see and it’s potential not what the SP says. It works both ways up and down and that’s why the market usually wins over us retail investors.
E.g I sold NCYT at £5. Thought it was fully valued and I had made a killing. It then dropped back to £3. Clever Trek I thought...now there’s a lesson in hubris if any as the sp breaks £11 and goes up by more than my buy in price on a daily basis!
Go did through the ppt’s on THR website. Scribble down what you think the projects are worth and what you think they will be worth and then what blue sky looks like. It’s impossible to get below £25m. I couldn’t let alone £20m!
Trek
P&D for MTR.
they haven't bought more. they are selling
well they are not having any of mine untill 3p
Looks like they've sold sh*t loads. They're finally fed up with Mick.
?
Metal tiger bought more.
This is a a why MM’s drop the price on a treeshake, scares the market into selling, they sweep up cheap shares and then push it back up
Useless - if people don’t sell then there will be no shares to buy, that’s how it works
right all you poisonous snakes stop no selling and hold for atleast 3p which is where i will top slice
I said it too soon, lol
Sorry, typo: big not dig, hahaha
Good to see the SP moves up steadily but bed wetters wet beds. They just can't help themselves doing so. And there's another thing I am sure, which is BSG not getting paid for he isn't working today. Lol
Low volume though, could easily fall back.
Moving on up ;-)
Let the re-rate begin.
gla
Yup, no problem with dummy sells. They want shares!
If we compare last RNS - on ASX it went 200% and settled at 60% on close. It opened from 0.97 to 1.4 on LSE, so 60% of 0.97 the price on LSE should 1.55, still way down what it is worth.
Still cheap at the price, may be upto 1.4-1.5 before the next news and then Boom !
Remember this was 1.2p back on the 24th Sept 2020 and we have assay & aerial survey news within the next 1 to 2 weeks as per this weeks rns!!
Won’t be long before this hits 2p or more, we are fairly undervalued at the mo
Someone just paid 1.23!!!
market waking up it appears.
gla
Bid now at 1.18, so we should end the session up over 10% up today.