Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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@jemchipsa
I agree with you “This is easily a share you need to forget about for at least 12 months”.
400k shares
well I topped up 4with 00k shares at 1.37pm but not showing
Wouldn't be a share I'd pick for short term trading, much better ones out there. A hold now, expecting more news flow.
Its good to get a few tremors before the earthquake - under 1p suits me
wentsland - there are two way of looking at things - I would argue that the volatility is the very reason investors need to give this company plenty of time and not worry about daily moves, otherwise the underlying upward trend can get lost in the noise.
Of course if you are a short term trader, and a brave one at that, there is money to be made, but equally there is much money to be lost playing short term trades. I believe the long term gains for the patient far outweigh any modest profits that may be made jumping in and out of this.
Agree with some of your points jemchipsa as i have previosly mentioned, but i do not agree with your statement (This is easily a share you need to forget about for at least 12 months )
This share is so volatile its unbelievable, it needs to be checked daily, there is money to be made on this share reguarly and when solid positive news lands out of the blue this will rocket and on that day there will be more money to be made on daily highs etc.
Since 8.54am there has been 3 buy trades...someone is buying up the stock reckon good news very soon
Totally agree Jem, I can't even see traders playing here now given how big the spread is. Going to be a very interesting webinar next week. Let's hope we get some cracking numbers, some facts and figures before then or we could be in for a right massacre on the sp. I guess it could be another top up time though if it gets into the .7 or .8's each to their own I guess.
We can talk about MM games but remember back when we spiked at 3p the prevailing global news was all doom and gloom due to debasement of fiat currency with measures to combat covid and the need for financial safe havens leading to gold and precious metal miners were doing well.
Now we're still debasing fiat currency like crazy but the mood has switched optimism, re-opening economies and bond yields going up and hence sentiment for precious metals and miners has been dragging in the dirt for months.
Value investors make their profits at times like this when sentiment is pushing prices down just as fundamentals are getting stronger. UFO isn't going to be the quick profit many hope for, but I do believe the average monthly profits to be had by holding long term may exceed any more modest goals of the short term traders.
What is happening with this share is simple... too many shares floating around without anything of substance to stop it. Problems you get with these type of shares with too many floating around to buy is that its open to the buy low and sell at 10% profit and repeat. I've said in previous posts the only way you get out of this 1p will be a JV or actual money generating mining. UFO HAS great potential and sites etc that is not in doubt but the recent dilution has killed it dead with just too many shares to drag the price down then sell on these minor news items and keep doing it. This is easily a share you need to forget about for at least 12 months because your money is going to do nothing until these locations come to a money generation event. If you haven't got this mindset, leave now before you are frustrated constantly and looking for stupid reasons like mm games etc for a reason. You wont see this get close to 2p without this kind of news. So please quit the moaning about 'other' reasons as there is none and its getting boring.
LOL just seen the spread. They must be desperate one way or the other LMAO
Lot of ppl saying MM's playing games but you have to remember that they aren't playing solitaire so if punters don't get spooked they can do whatever they want. They could drop this down to .05 and it wouldn't mean a thing without terrible news to back it up. Likewise they could pump it and all it would do would cause a few to buy on a spike and get stung when it crashes back to a penny. Let them play away just don't play along until some proper numbers are produced.
@livestock
What do you mean with that the market now is playing games ?
PaulQ
The SP has dropped to - 3.30% I've been thinking for along time now the market's playing games the company is in such a better place now compared to 6 months ago when we had the 3p spike
1.10 SP now and they offer 0.965 absolute ****s
Sorry but I'm in a mood , Bills doing a great job and that RNS tells us there's going to be alot more in the ground that previously thought by any of us and yet the MMs play their usual games..
NT to sell any amount... not good
Most likely, it's an junior miner.
No real move in share price as expected, more speculation and possibilities, until hard factual news is delivered by a RNS ,this will remain around 1p