The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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@silverhorse - no real expectations of actually exceeding a pound per share, but as I say, such numbers remain on the periphery of my radar over the longer time frame.
Much of the appeal of UFO is that there is enough clear near term potential to feel it should be worth a bit more than it is priced at, but that there are so many future "unknowns" at this early stage it is difficult to be clear about just how far it could run if everything goes our way.... some investments are far more clearly restrained by the lack of unknowns.
Anything below 0.8 getting mopped up fast.
With UFO am in and out of paper profits not concerned all all - with the wide spread to buy am mostly in profit - planning to buy more no funds at moment
Its was a poster call johnhume tipped GGP at 28p then again 20p hes 72 and holds aronnd 300k worth and said he teached people how to trade i give him the benefit of doubt and bought a few 21p - might just hold on see what happens pre-feasibility study expected before the end of the year.
Hi HH - Don`t go crazy yet i notice overly smart people seem to go crazy - Looking at GGP 17p now to buy my worse investment so far bought it on a tip not my instints - For some bizarre reason i get the same feeling about this share under 1p when BIRG was under 2euros now over 5euros - very very sure UFO will fly over 3p pretty soon - for GGP hard to see much more then 26p short term -
Interest rates hit an all time high under Maggie Thatcher in 1979 at 17%
https://www.mortgagestrategy.co.uk/analysis/historical-interest-rates-uk/
Tymers I have not seen such a turn around from a poster in all my life. For months you slatted UFO and here you are now biging it up I'm truly lost for words. lol
Hey lets keep those fingers crossed I have posted my thoughts about the DSO along with various calculations which can all be found in my posts.
The DSO is the short term game changer,
I'm looking forward to the results along with the EMR for the small amount that we have drilled so far.
What we need to remember was the first drill results and DSO gradings were not taken from the known area.
The results we are waiting for are from the areas that we know have significant high grade DSO.
From there, there are 3 options I see that are possible.
1- A JV with a major who will do loads more drilling to identify the full EMR ( estimated maiden resource ).
2 - We do a Fernix find a buyer get an upfront payment and start doing it ourselves. ( this can be done quicker than you think )It would make us cash rich, debt free and enable us to cover all the exploration we need and more like buy our own drill rig lol. ( my preferred option )
3 - We sell the lot for a big cheque. The issue with that is we will not know the full Resource. SO could be selling massively cheap
All very exciting just taking a little longer than we all expected but I do like the more positive Tymers all we have to do now is convince Chris2 to buy in LOLLLLLLL
944T
Tymers I agree if dso JV takes off and bill strikes good silver grades with the backdrop of inflation and potential recession we 10bagger .imo
No Panic Aliens just the markets not seeing our huge value just yet, some forecast 10p plus and the maths are the maths so ignore the noise and focus on the huge prize. 10p imo
@smiller - whilst expected, on the plus side you could say with yesterday's RNS we ran up 0.2p to quickly reach 1.0p but have (so far) only given up 0.15p of that increase so we are still clinging to some of the gain. Nor have we dropped back to the 0.7somethings we've been in and out of quite a bit the last few weeks so perhaps the markets do see something of value in yesterday's RNS.
That said in the grand scheme of things these little moves are a non-story as we're still just kicking our heels whilst dealing with day to day volatility pending some news of substance to make a significant difference to market sentiment.
SP drop it's almost like you could have predicted that lol
SP drop it's almost like you could have predicted that lol
Mr millions is back - same person
The West Pilbara is now recognised as a world-class mineral province with the potential to discover a major new significant nickel, copper and PGE hosting system in and around Elizabeth Hill. Exciting times ahead
Get ready for a rise to the great nickel rush of 2007, when the metal hit an all-time high of $50,000 a tonne
Tesla signs nickel deal with BHP to secure non-Chinese supply. It will be interesting how much nickle we will have !
I believe inflation will level out another year - no panic
HH - Am surprised you did not invest in the banks last year ,now they have more then doubled that was my first choice then after i spotted this got a few million here. make a error buying GGP -
Interestingly Egon von Greyerz just tweeted:
Inflation in the UK went wild in the 1970s. The average #Inflation rate was around 15% for 6-7 years. #Mortgage rates went to levels that would make all borrowers bankrupt today. The interest rate on my first mortgage was 21%!
https://twitter.com/GoldSwitzerland/status/1423272180570333186
'By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens. ' John Maynard Keynes
Ah yes but inflation is supposed to be "transitory" - that is to imply prices will go up a lot, and then things may slow down such that they may keep going up, just "less quickly".
Who knows how this mess will unfold and who it will bring down, but I'm taking my chance on precious metals and those who produce such things.
I remember one bit of great investing advice I was told years ago... "You don't have to be a big enough player to manipulate the markets to succeed, you just need to to be smart enough to identify and follow those who do".... right now central banks around the globe are snatching up precious metals like nothing else in recent times and that tells me enough.
Saying inflation will be 4% by y/e, that's the killer for the man/woman in the street.
HH, I'm in full agreement. Seems the only ones to prosper are the banks, unless of course when we have to bail them out. Oh wait, there's a thought!
Mrs Thatcher was a very clever women, by getting us to buy our homes via a mortgage and then trap us in But that just a conspiracy theory...
BB - I don't remember the actual year, but presumably it was late 1970's, there was a point I remember getting over 15% interest on my bank account savings, so I imagine loans would have cost even more...
Obviously since then saving has been discouraged, and debt has exploded. Credit cards and loans have become the default way to pay for almost everything as debt has just become another heavily marketed commodity to be traded, re-packaged and re-sold by big banks.
As you say it is impossible to see a route back that doesn't involve crippling anybody with outstanding debts, which is almost all of society except for the small minority who tend to be in charge of finding "solutions".
BB I’m hoping ufo will make me mortgage free at some point