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Agree strongly about JV, but I also believe Hamersley could be a big plus for us if the results pan out...
I was thinking it could be a wave 2 retrace earlier, if it is - and I am unsure if it is - it will be a big wave 3
Hi-ho Silver! Away!
There may be a few TA traders looking at this and driving the action. As a rank amateur on TA we presumably ought to be bouncing off a moving average soon, or this is simply a bit of an elliot wave 2 retrace.
true.. JV would help no end - constant dilution does keep people away. we will see what happens by the end of the week with the new shareholders.. then Silver looking decent again today.. certainly looks to have turned back into the longer term uptrend ?
The JV, if it goes through, will provide a lot more security in terms of funding for shareholders, and give a lot more reassurance of no further dilution
I'm excited about the JV, I think it could be really significant for us
Good question - a bit of dilution but nowhere near enough to explain these movements. I guess that alongside a correction has gained momentum and here we are! imo we will come good at 1.5p+ November time
I have faith in the medium term, especially considering I think we are coming into a big precious metal bull run, but it’s definitely making my portfolio look sore at the minute
Absolutely bonkers SP action. Fear does funny things to twitchy investors on AIM. I'm being greedy when others are fearful, topped up yesterday and will do so again next week.
In the time since the SP was hitting 0.90p we have acquired another resource, so why aren't we up above 1p now?
My average is .302 so let it fall :P I jest, I am happy with 252k shares and indeed long and strong but I am somewhat wishing I held off averaging down in VAST last payday but if UFO wants to be in the doldrums/sideways trading till the 23rd then I will be tempted to average up again here. A nice round 300k sounds good to me:) But then again it's high time I thought about funding an ISA as opposed to messing around on a Halifax trading accont.
Either way though I am confident that even if a bullrun failed to materialise the other assets in UFO will still us all happily bagging from here in the life cycle of a miner perspective. I see this as us being on the speculative phase so depending on priorites and needs as when to selling up we stand to gain the most with the most amount of patience.
Roughly 6:5 sell to buy ratio - doesn’t warrant this drop unless someone is selling big as we speak
hah 0.51 who the hell keeps selling
I'm holding and topping up gents just hope it won't drop further since my average is about 0.64, worried that once we break 0.55 it will be a free fall
Just remember the fundamentals. It will come good in time. Till then HOLD, HOLD, HOLD (Oh and add on the dips if you can! :)
Coldjoe... I think you should change your name to ColdWater. You seem to throw a lot of it on UFO! lol
Incoming KMG shareholders are sophisticated long-term investors.
They have no reason to sell all on one day.
Especially when they fully know the Donavan 2 deal will be signed, sealed, and delivered in about 3 weeks.
hopefully it will rocket sooner than we hit 0.14 :D
As Rick Rule says, you need strong finger tips to invest in the silver market.
When people finally notice silver and appreciate it's value, UFO will fly like a rocket! :)
new shares will hit market tomorrow so let's see what happens then
AIM is all about news flow and sentiment, sadly not many peole care about value... our time should come end of October though
Share pricing certainly defies the economic theories of pricing, supply and demand. It has to be driven by sentiment.
Me too. Seems a steal with all that news flow pending and silver moving higher once again.
Is there a Financial rationale or is AIM completely sentiment driven?
bought 5k more, it's not that strange with 200mil placing at 0.14 guys, hope we hold 0.55 but who knows
Indeed. Odd how this has dropped so much since the EH deal went ahead.