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Yeah Warren Buffet loves deramping just after he's sold on news, always whining that he could have 10 bagged instead of taking a 1 bag :-)
Dickie, I’m currently pursuing a strategy of spreading some potential Alien capital out into Mkango in anticipation of MDA, in the hope that any gains made are transferred back into alien to amplify my position. With the UFO price as it is right now, and with Mkango dragging their heels it feels like I’m locked in a squeaky bum race against time. Preying the Malawians sign in the dotted line soon as I’d be able to average down substantially at these prices. Once more, good luck to one and all. We all need some good news in this world.
HH - Thats the mentality i have too. This has to be potential to go really big from here, and whenever i have some free cash to invest UFO always gets strong consideration as long as it won't take my holding to too big a proportion of my portfolio
Forgive me shoe-horning in an only loosely relevant quote, but I just heard it and it amused me...
"you can't make a baby in one month by getting nine women pregnant"
or in other words some things can't be rushed and your situation can only be made worse by trying to hurry them... we all sense where UFO is heading, the only important question is if people have the patience and emotional fortitude to wait for it to get there. The more you research and understand the natural timescales and rhythms of this sector the more you learn to ignore short term fluctuations in prices... 50+% drops or having a bad year or two are just noise to some investors yet are everything to others.
UFO seemingly offers the real potential of some huge percentage gains, and for that I'm willing to wait a lot longer than I would for a modest 5% or 10% profit.
Its those who sell on news that are the “woulda coulda shoulda type” and then come back detamping a share because they missed out on gains and are salty when others gain.
My biggest mistake was selling my winners after holding at a loss for almost a year to watch them multibag soon after while holding on to my losers for dear life ….
The descision one must make is do you ser UFO as a winner or Loser??
If it is the latter then do as Bishop and stevy suggested and sell on the news.
If not then good news will only add to your conviction where one is more than happy to add,that is my perspective.
I do sincerely wish everyone the best stay stong and stay focused Q1 2023 shovel ready $$$
Steviom take your own advice because it seems your the one desperate to sell??
Agree...buy on the rumour. Sell on the news. By the time news is out all the low positions are filled.
Wait only if you ain't got the nerve but then you'll invariably be buying only to see others selling.
Baron Woffett knows!
@Insertwittyname, you maybe right. Your £215 buy may well be the start a buying frenzy :)
But more likely that news will be out next week after over 3 weeks of Rod doing a strategic review.
Why wait for the JORC, surely if you wanna buy 10k worth you'd want in now before the JORC at a much lower price? Just a thought..... sell on the news an all that as our Mr W Buffet would say :-)
Bring 5p on I will be really happy!
Just topped up with 922k at 5.64p
Could you also buy mine too, please?
I've other choices to follow very soon. As I said previously, I have a timescale to work to and I'm not getting any younger.
Yes do yourself a favour and sell up I got 10k waiting for the next Jorc update thanks.
As this big buyer is killing any chance of a rise I might help everyone out and dump 4 million, that should get things flying high :-)
I have it on good authority that this was enough to start a buying frenzy……36,000ish shares for £215……should be ticking up soon (I bloooming hope)
I see the big buyer is still out there.
Recent Share Trades for Alien Metals (UFO)
Date Time Trade Prc Volume Buy/Sell Value
19-Aug-22 08:00:10 0.5745 51,348 Buy* 294.99
Never loose your sense of humour with Aim shares.