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Also, some who have exercised their warrants may choose to sell a proportion of their shares, but hold the remainder that’s still potentially a lot of shares being sold as well as held.
Pops, everyone has their own reasons for buying/holding/selling. Some may need money now, some may not need it for a year. Some people may just want to make a quick buck. Some may not need to see that money for 2/3 years. There are always going to be profit takers to de-risk which we have seen over the past couple of weeks, maybe the warrant holders wanted to make a quick bit of profit. They could decide to sell for any number of reasons, especially in our current economic environment
Watch it pops. How dare you ask questions. You will be filtered out soon by the chief priest Max and his other various logins.
Mind you it is a bloody good question and I would like to know the answer.
Agree Mibo. Once we get through this warrants turbulence I think we'll settle between 2-2.5p before next news
Its testing the 1.50ish level that is bounced off on the 22nd and the 23rd and was stable for a few hours on the 15th. Next few hours may be interesting.
The warrants of just 83M presented the only downward selling pressure on UFO.
Now no more warrants expiry until 2022.
And I can't currently get a quote for 1M shares.
As per Steve's chart UFO will now continue its path upwards. Enjoy the ride astronauts!
Is this drop from everyone exercising warrants this morning?
Unhappy to see another 1k wiped away into oblivion
83M shares from warrants have now become effective at 08.00 28 October 2020 (as per RNS 22/10/20) and I can’t buy 1M shares!!
=> BUY MODE!
Steve that is brilliant! Nice chart work aswell, thank you for compiling and sharing that with us. Truly a golden post.
Just to put all the nervous holders at ease, here is the chart of where UFO is now that I posted earlier.
https://www.tradingview.com/x/uxxqzDfl/
and here is what GGP looked like after their last big rise and then pull back (ignored everything after the yellow line when drawing them).
https://www.tradingview.com/x/kmlndcbm/
and then zoom out
https://www.tradingview.com/x/768EnSXD/
Sure, just the way it goes after a meteoric rise, never going to go up in a straight line. Incoming news flow and attention to shareholders is what matters here and they have proven to exhibit both.
Good reason that Zak Mir mentioned staying above 1.30 in the share talk video today, as that would be a reversal on the trend. Anything between here and there is just noise and top up opportunities.
Steve , yeah I get it , I just think a lot people were hoping with 2 good RNS we would be >3p by now. Just frustration on the board, I too feel it as I am down but I know we have to play the long game. I might even buy some more and average down. I am all in anyway what's another 10k lol
"Well you said was identical which it's not as you surely have to factor in the time at which this is occurring x % increase. But I have faith long term like you"
Identical not in the % increase, but in the % of the pull back from the increase.
Yeah OK thats abut better haha thanks pal
Well you said was identical which it's not as you surely have to factor in the time at which this is occurring x % increase. But I have faith long term like you
Just another GGP example from Feb to back up the last statement, but could have pulled it from anywhere.
https://www.tradingview.com/x/tIht2hB8/
smiller it happens at every level after every bump up on every stock, that sentence literally means less than nothing.
Aren't we all Max? When do you reckon that will be?
Onlydiff being that behaviour was at > 20p Steve not at the start of the push
Very much looking forward to getting back towards 3p :)
To be honest, looks near enough identical to what GGP did after its last big rise.
https://www.tradingview.com/x/PxOpUOZb/
Thanks for sharing the chart Steve.
Bill has been a master of RNS news flow.
Any dips, I will buy into since the news flow from 6 projects will provide an uplift as the PM space heats up in November.
Holding long & strong :)
The uptrend is extending from the 12th October which I did in day view, just switched into the hour view for the sake of the image.
I am certainly in no position to be able to comment meaningfully on this and what I am about to say may be complete bo llix but what would it look like if you extended the history back a couple of weeks?
Would that make the trends any easier to analyse?
Here you go, happy to be called a complete idiot, as still trying to get my head around this stuff.
https://www.tradingview.com/x/uxxqzDfl/