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Added some more to my SIPP at this price. Got 0.65p to buy and brought my average down
Nothing has changed apart from more good news. October is going to be massive
Folks - perspective again - silver is still up +8.46 +58.21% in the past 6 Months , and is still in the longer term uptrend. The facts are plain as the nose on your face, whomever gets into the Whitehouse is going to launch another MASSIVE stimulus package - Pelosi and co are already touting another $2.3 Trillion. Its the biggest asset bubble the world has ever seen !! hands down..
Alien like many other small cap miners (and the larger ones) had a BIG summer. so they have all pulled back somewhat during September probably due to a bit of profit taking and dollar strength, also the dreaded Covid lurgy is back.. Alien have been bumping along as best they can trying to prove up resources and put deals in place. The stock has risen 500% plus from the lows, and in my opinion has held up well during the September sell off. Should Silver turn the corner over the next few weeks, we could see it go through $30 like a knife through butter.. the KEY thing with that is that it has an Exponential return for all Miners as its all profit past their cost base (ie. 10% Silver price gain could translate to 50% or more added to a company profit line) .
I have also started noticing that Dollar / Silver correlation is not quite as clear cut as it has been, dollar strength does not always mean Silver weakness, if that correlation breaks down then it could be the start of the great bull run everyone is predicting as there would be nothing to stop Gold / Silver going through the roof.
Just my own ramblings / opinions.. and of course DYOR.. but I am proper happy with UFO in the medium term. (6 - 12 months) and will be adding to my positions when its the right time to do so.. Stay safe everyone..
Spot on
H/L .64 / .67
Patience and research wins out
IG spread 10%. Bid .609 Ask .67 @ 1518. Just like training horses. All you need is three things - patience, patience, patience.
I hope I am not wrong interpreting the volume involved from this morning's RNS. The total number of shares involved from my reading is 250,000,000 which is less than 10% of the total number of shares in issue. Which given the potential upsides with UFO and its portfolio of prospects is not very significant and today's reaction is only a short term blip/tree shake.
Have a good weekend everyone.
All these assets with 3b shares at .66 MC 19m
Imho hugely undervalued but lets wait and see
I have time and patience
GLA
Good of you to explain your reasoning and rationale and as always contrarian views are valuable.
I personally feel we are in the early stages of a precious metals bull cycle and with that view I am trying to gather best in class explorers within good jurisdictions and management focused on spending money at the drill bit.
I don't see any issues for funding in this sector for the foreseeable quite the contrary. Central banks have created the backdrop by devaluation of currency.
In the end luck is part of calculated speculation and I hope it is riding high on the shoulders of all UFO shareholders.
well there goes my porsche for another couple of months, not to worry tho as winter is comming and i only drive my nice cars on dry summer days lol.
Same issue across the markets.
A lot of people who decided to become traders while on furlough have realised that actually they might need access to the money. I reckon there are a lot of people selling out of a lot of things at a loss to be able to pay bills
Why this has not breached 0.8p beats me. Was expecting over 1p. Three of my other stocks are UP so not always the market to blame. I think (as a stsb in the dark) IT is a classic sell on news AND we must have attracted a lot of skint traders that simply cannot hold for too long. Covid is getting to investors as well and money is drifting away to pay bills. IMO
@myavian I'm sorry but this is investing in a small company of course they're not sitting on a big pile of cash otherwise they wouldn't be this SP with this market cap. I don't think you understand what it means to invest in a small company.
Silver price will fluctuate but you need to make an educated decision on the long term prospects of silver which are that it is in demand and that demand will increase with the increase use in new technologies and current currency uncertainty.
As for speculating on KMG I have no idea how you can draw that assumption and Capstone are most certainly not going to look at the silver price today and chuck the towel in. I don't like to be unkind but your post is utter nonsense to me
do we think any limits are set as all recent buys and sells appear under 100k shares or is it just a coincidence
we had periods like this when we were .2 then it just explodes
Just seems strange trades at the moment
Each to their own and well done on obtaining profit. I personally am bullish on Precious and Base metals due to government policy making banks and fiat currency unattractive as investmnet options going forward. Sure there will be dips along the way but I personally wil not be top slicing for some time and depending on what other holdings do maybe not for a long time to come.
GLA.
fair points mate + profit is profit, time will tell if you are right
I think you need to do some more research in the market, or do you want people to sell their shares? This could triple in the next month to 6 weeks snd yove sold lol
Sorry for the negativity guys. I had 1.4M shares and gradually sold over the past days, now free ride at 400K shares. Not much but that’s all I’m willing to bet here.
My red flags: silver price is going down, Twitter experts may be adamant about its recovery but I think nobody really knows for sure. In the case of a further decline, Alien will have a hard time finding partners or money to actually exploit the EH mine.
dont forget, Alien has no cash (1,8M is neglectible). Until proven otherwise, they can only raise cash further by diluting shares (and our money).
In light of the above, I think at least some of the KMG shareholders will want to derisk as well in the near future. Also I’m not sure if Capstone will want to continue with the JV if the markets continue to plunge.
But that’s just my opinion! Everyone should make up their own mind.
This was 0.095 1st July with pennies
Its now .67 with £1.8m in the bank and a new silver mine
Nuff said
myavian...
The key to investing is patience.
But you don't need to be too patient since we are about to drill at all 5 projects!!
You remind me of Tradingmatt who this morning at 7:30am didn't think we will get our new silver mine!
BBG has been in the top job for 3 1/2 weeks.
I'd say things are progressing rather well in that time.
myavian what is your buy in price mate since you are so negative? the sp has performed very well in the past month, now you have profit taking, placing and now this dilution - of course there wil be some consolidation
As predicted yesterday, despite all the zealous ramping here about spaceships about to depart...the only hope I have left for this stock is the capstone JV deal...if it falls flat, then I’m completely out. Good luck everyone! Draw your own conclusions, don’t just take other people’s dreams here for reality.
Well i miss viewed that but i have just over 2 mil shares now and im gona put this in my bottom draw for 2-3 years. The way silver is in short supply, this will be retirement money if it all goes to plan :) GLA
I’m with you there, I didn’t expect a big rise, but confirmation of the acquisition has to constitute a blue day - markets are supposed to like certainty!
If I'm honest I wasn't really expecting fireworks today off the back of EH news as its been fairly well signposted and probably priced in. Also as others have stated it's the JVs that are key in terms of realising the assets and I think the fireworks are more likely once we get confirmation of a JV. However I did think we'd see a bit of a lift in sp today so a tad disappointing. Nevertheless it hasn't dampened my enthusiasm as I think UFO has incredible long term potential. GLA