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SaintPeter1... glad to see you are positive!
GL
A positive realist is how I would describe myself Dickie.
Unfortunately nothing but unstinting , blind faith in UFO satisfies the rampers on this forum. The great thing is that you can say whatever you like about them as they have you filtered . :-) :-)
The markets are minging (technical term there!) today across most sectors. There's a lot of uncertainty what with Covid-19, and in particular the US election and we all know how much the stock markets love uncertainty. I think (hope?) that most of it will clear after the election next week, but further turbulence may be encountered depending on the result and the margin of any victory - pls lord let there be a clear winner, the last thing we need is a contested result. Until then it's batten down the hatches and put your head between your knees. But even if that gets negotiated we've then got Brexit on the near horizon so in short I think we've got a stormy time ahead of us for the next 3/4 months potentially. However, I suspect the US election is the biggest obstacle of the lot....? That being said, as everyone has pointed out I think PMs arewell set to benefit in the mid/long term and UFO is as good a place to be as any. I think we just have to sit tight. GLA
Rees, best never to buy on a really large spike - did it myself in the early days - only way you learn is through mistakes for most of us, no matter grow many times you're told lol
This is a sector to think long term if you are not a day trader and get researching - not just about the actual company and sector .....learn more about geology and exploration techniques and the better jurisdictions to be investing in etc.
Learn about TA too if you are inclined that way as can help with entry, exit and analysis of trends, no matter if you are a trading or holding type as it never hurts to have more tools in your toolbox when it comes to investing.
My advice here in your situ is:
1/ Evaluate where you think UFO might be if this happens or that happens with each opportunity we have?
2/ Evaluate the probability for positive or negative outcomes for those scenarios and probable timeframes.
3/ If it all looks good based on your own risk profile and requirement for the funds invested - then yes, you can hold for the long term or you may have to choose a point to cut your losses.
4/ Constantly evaluate and research everything and update your plans for each investment
- US elections and covid fears for instance will have to be considered for the immediate timeframe and weighted against your strategies. Building a flow chart might help you for each company.
If trump will he will but biden will not accept or if trump if he loses. Thing gonna be mad. If ufo dips so much dont worry because everything will. Note ftse 100 is down percent today that just start. Siliver will follow. Dnt miss train because time will tell the one that wait longest. P
This is holding up very well today GLA
Dip666 & Hopscotch have mentioned some very pertinent points about the 'market' conditions right now and Alien sp in these conditions. The phrase 'batten down the hatches' is most appropriate right now. I have never experienced such volatility in the markets over a sustained period of time. I was working in London in 1992 when UK interest rates were raised twice in one trading day because of the ERM debacle... we can thank that kind benevolent Mr Soros for stirring the pot on that... So it was a volatile time but it settled down eventually... till the next financial crisis.
Hey ho... as investors it is what we've all signed up for. There are going to be some great days... and no doubt some 5hit days ahead of us. Just hang in there and 'Darken Ships' for a while.
Bill is flying the UFO through the turbulence like Top Gun. Bring on the Assay results!
1st Test will be to remain above 1.5 at COB today. Possible stop losses would trigger if below and then freefall to God knows how much.
Still in two minds about an earlier RNS: I guess we should be grateful of any good news which will help the SP however it might work better to obtain maximum effect after the Russian oops I mean US election. Covid will stay with us for another 12-24 months minimum meaning no one can get around it. Eventually it will become the "New Normal" for us all and economies will adjust.
Crikey it's just a share
It's the same company that it was yesterday and a month ago nothing bad in the way of news been released now is the time to be brave get rewards later.
Well said B&B.
Bloodbath on the market place today. It was my privilege to get the cheque book out.
Can you imagine spending 5 years in jail and comming out to check your account balance after this shi7 storm has passed :) patience is key gents.
When the assay results come out i reckon they'll "do a GGP" and will be spectacularrrrrr. Pilbara Western Australia one of the best regions in the world known for gold copper and iron ore. So silver could be in huge supply like the great silver mones of Bolivia completely surrounded by gold and copper resources?
Can you imagine spending 5 years in jail and comming out to check your account balance after this shi7 storm has passed :) patience is key gents.
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Imagine doing 10 years in GKP until recently......that was a dam site worse I can tell you!!!
The giant silver mines of Cerro Rico in Bolivia has been producing silver for 500 years. Thre region is also rich in gold and copper. This unique anomalous silver resource is also a mountainous terrain ...hilly like Elizabeth Hill. Wouldn't it be something special if the mineralisation at EH emulated that found in Bolivia? Even one hundreth the size of the Cerro Rico would put Australia and UFO on the silver map of the world.
https://www.mining.com/new-pacific-metals-blazes-a-trail-at-silver-sand-in-bolivia/
glad i am in the same boat . 2.1 , 3million, lol so ress please chill over 5k
Smiller you have 3 million shares at average of 2.1?
2.1 isn't anywhere near as bad as 2.8, I see 2.1 as achievable in t. the next week
rees my average is 2.1 , i got caught at 2.7 with some as I mentioned before like 20k . Yes but it seems like you have only invested like 350k shares? I have 10x that , so feel every move more haha
Don't worry smiller you'll be 10X happier soon!
I'm just a fool for not keeping some funds back and buying this stupid pointless dip.
Oh well I've got a strategy to forget losses, don't look at your broker account, only check sp on Google and try not to think about the amount lost.
Has worked so far, soon hopefully I won't care as much and I'll come back in 2/3 weeks to greener pastures