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Shouston sounds like the 80s all over again lollllll.
944T
Lot of looking at feet and murmuring tonight.
Remember why you originally invested.
The poster who says to look at other companies who have boomed, is right. In one or two years time 1p will be at the bottom of the chart trail.
You will by then, have paid off mortgages, gotten another expensive mistress, or have blown it all on sex,drugs and flash cars.
I know which I would choose.
Keep the faith, we are in good hands.
Chin Chin
I’ve seen valuations here of 1 billion pounds and more, not so long ago. People here have bought shares expecting a 50- or 100-bagger. So even these completely unrealistic expectations are priced in to an extent.
We spiked on zilch, just sentiment imo. I don't believe for one second that the next few pieces of news are priced in at all because nobody actually knows what's on the way. Everything in the public domain with number guessing has by all accounts been conservative guesstimates. Personally the way silver is heading and iron ore demand I believe ppl will be shocked where we can be in a few months time. 3p will be the new low and if the geology is producing at the upper end we will be much much higher. Little bit of patience required. Thank god for lockdown, all the money spent on booze and food is going in here £100 on a night out better buying 10p' s for a penny :) GLA
Also I think some will be this month to make the most of their isa,s I know that’s what I have done and the smart money will do the same.
I too suspect that we may well see another overshoot some time soon as this is a highly followed and discussed share where the current SP shows many have clearly sold out since the last bout of exuberance. However where many have spoken of the potential of "good news" to push the price up, I do feel that so much is already expected and priced in.
My gut feeling (and I say this as someone whose timing is invariably wrong) is that any overshoot will likely come out of nowhere to surprise folks and be a self fulfilling prophecy driven simply by momentum and FOMO once enough feel news is imminent, the bigger any spike the more likely that SP is to correct back downwards upon actual receipt of "expected news".
Over time then goods news should always result in a succession of higher highs and higher lows, but says nothing about volatility along the way.
HH
In hindsight the spike caused this share a lot of damage tbh.. had the move gone to a more sensible 2p / 1.5p then i think we would be closer to that price today whilst awaiting more news. the 3p action was just a huge overshoot and has left us to slowly repair the damage as its puts huge pressure on any upward move (due to those trying to recoup)
Nice for those who got out at the top.. not so good for the bag holders..
I do wonder like EWT has said if we will see the same kind of overshoot price action again should we get a slew of good news ?
Just to clarify I’m talking a year time frame there - not saying it will happen, I’m saying what could be possible... and what I’m hoping for.
Some very good developments have come out over the past 6 months that are all building up. When the more meaningful, price sensitive news hits I would expect it to re-rate, then the profit chasers jump in and it will probably overshoot again.
I honestly wouldn’t be surprised to see double digits with the right tailwainds... Not that I think that will be a correct valuation, necessarily but with sentiment and some good developments it isn’t impossible. I’m here for the fundamentals being strong, the diversification of assets across different regions and the sheer potential of what this could do with some strong tailwinds, sentiment and luck.
Rampers have been saying this for the last 6 months its non stop
IMO that's fairly conservative for a 6 months forecast.
If we get anywhere above 1.5p soon it'll be a free ride to 3p just based on the amount of rainbow chasers there seem to be on AIM.
I'm planning to triple down when funds clear tommorow, it's coming...
I'm confident this will be 2p within next 6 months. We only need one rns stating we have alot more resources than Turner popes downside estimates i.e iron ore and boom!
Turbo
Well put
Bunker down my mentality here
Wait as long as need to
Gla
With you completely M135i. I got into EUA in July on the basis of it being a relatively quick turnaround !! Seven months later and the SP is about where I joined. Not gained or lost (actually I did slice some profit at 40p). But I remain optimistic for it finally securing the deal so we can release that tied up money.
Ive been here over 18 months now .. Since Bill joined as Technical director (not why i bought) .. I was Bullish on Silver / Gold at the time and it was all about the Mexico plays.. but ill be honest that I did not foresee the change in this company over that time with the new projects and Covid etc.
During that time the stock has re-rated considerably.. but during that time the SP has entered into long periods of range bound action with almost zero volume back in the day.. you just have to grind it out if you believe in the stock.. My target here is 200M Mcap / 8p with 4Billion shares (after more dilution)
I monitor loads of miners/explores on Trading View and lots have them have taken a kicking with significant down turns.
All the following have had massive moves up and down. GGP,ECR,EUA,OMI. Then we have BZT never seems to go any where, ALBA a little like BZT in the sun 1p range The first 4 are all gold with I believe GGP still being the best and will produce gold way in front of the others. So why UFO and why now is the major question.
Well here are my thoughts
1 - They differs because they cover 4 different mineral groups, Gold, Silver, Copper, iron ore (DSO) all in high demand.
2 - Cooper and gold already in a JC with Capstone and drilling underway \, lets wait and see.
3 - Silver mines that were all once active and only stopped because silver dived to $4 an once again just need to prove the resources. Several of these mines had a known mineral resource amount which had no where near been met when mining stopped. Silver as been supressed by the markets for some time with many top analysts saying that time is now drawing to an end. With the increased demand for silver within computing, solar and electric vehicles this can only help
4 - DSO Iron Ore Gives me more sleepless nights that any of the above if this comes home its a major game changer. BHP and RIO close by with rail links to the ports. With no processing involved its a case of digging it out moving it to the docks and shipping to where ever. We wait with baited breath. Re read the RNS of the 2nd December
5 - On top of that we have Greenland Zinc and lead but still to be proved
These I my thoughts and opinions and why I have invested heavily with over 7m shares . I try not to get caught up with the daily SP change even though I commented yesterday lol.
People will come and knock the company and the CEO you have to make your own mind up by doing your own research that why I reacted like I did yesterday because it was clear they hadn't and had no idea we had £4m of funding of exploratory works which surprised me even more after when I looked into the poster to see he was actually well known for he's charting. So I shall look forward to his posts.
We have to be patient I know it seems like its taking forever to sort Mexico but we all kind of forget the pandemic at times.
I'm here to let this run and come the end of the year we will re-evaluate or have retired lol.
944T
Still trading at these levels :(
I know I feel thd same about Damn I could if been in that one as I bee keeping eye on it but funds tied up here and EUA SYME etc etc.
Seems like ages now we been in this trading zone and we are undervalued and patience is key with stocks.
We will have our day in the sun.
OK folks if my poor timing is anything to go by then prepare for the share price to lurch erratically and kick me in the butt! Or alternatively for the share price to pretty much stop moving altogether!
That is to say the bulk of my equities are held long term in an ISA where UFO forms the bulk of the shares in that ISA. I do however have a separate account for "short term" trading shares (which at 6-12months typical hold most would still call long term) where I try to make enough profit each year to contribute to the next year's annual ISA allowance. More out of academic curiosity than expectations of making a profit I have just set an automated day trading plan to range buy/sell a tiny percentage of my admittedly modest additional holding of UFO shares I hold in this secondary account.
Even if it does "pay-off" the profit on each trade will be pitifully small, but from an intellectual stand point I just wanted to prove to myself that I am reading these daily fluctuations correctly without it costing my anything significant when I'm proved wrong.
HH
I'm with you normbeef.
As frustrating as it feels to have my largest holding sitting in this narrow band while watching others fluctuate (and it's human nature to focus on the "Damn - I could have been on THAT one !"), this company represents a terrific potential for growth. We all know from the advisory note that, at the lowest of all measures, the company is undervalued. Which means for those accumulating at the current price, it's going to come very good.
Just a matter of patiently waiting.
Anyone else ever looked at a hot stock and seen the long tail before it started multiplying ? That's where we are right now.
By comparison: GGP on the 2-yr chart. ECR on the 1-yr chart. EUA 2-yr chart.
I am very much the same fair play if people want to make 5-10% but for me I will keep adding on the dips and await potentially game changing news, eh or hamersley could send this multiples of the current sp. just my opinion but I always thought March/April would be the months we see real news and see a big push north from the current 1.1-1.25 range
Of course such day trading is all about having confidence in your timing, and I know mine stinks...
Hindsight is great thing and it is easy to look back at this repeating daily pattern and imagine the gains you could have made with successive daily buys/sells... but as they say "past performance" and all that...
I know with my luck the moment I sold then something would happen to drive up the price and I'd be either locked out or forced to buy back a diminished holding.
Its just frustrating to watch and accurately predict these small fluctuations repeatedly occurring day after day and have to keep reminding yourself to not do anything out of impatience.... In the grand scheme of things I am hopeful that when we look back in a few years then six months of drifting in the doldrums will not be the defining story of UFO.
HH
Hi Haddock.. the SP is clearly not keen to go in either direction at the moment..
I guess if you look at the updates since the big spike nothing much has actually happened that moves it.. we are just entering the phase of proving up the projects we have on board and thats going to take some time.. for me its all moving in the right direction, but resource exploration is a slow process.. Bill has been on board for around 18 months.. I would say he has transformed this company into something that could be pretty special.. it will be nice to get some real numbers going on at least a few of our projects this year.. clearly Covid has had a big impact on the pace of it all..
I think this all depends on how many shares you are dealing with I for one wouldn't be confident selling millions of shares on that basis.
944T
I've done that a few times now, the daily patterns have hardly moved over the last few months and if you play it well you can increase your holding sometimes as much as 6/7% a day. Totally agree with the day to day fluctuations and if you check the daily charts you can easily see the best time to buy an sell. Saying all that they could always throw a spanner of an rns in that could screw it up.