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Thanks Steve. I must admit that I don't understand charting but I would never discount any theories based on it. I may try to look at some You Tube videos and get some knowledge.
Let's hope that it goes the right way tomorrow.
@SaintPeter1 am fairly new to trend channels, but looks like the inflection point bang on 7:50am, as to whether it continues a very harsh downward trend or continues its path upwards. Again am a complete charting novice, so don't trust my assumptions put together from a load of youtube videos.
Realistically an RNS will completely change that, with one due before the end of the month.
I think the reason for some selling has been the three share issuances this year (0.15, 0.08 and 0.55) so above 2.0 there was some recycling of equity into new hands. If you entered into those placings you also received warrants on the first two so keeping the warrants and exiting some or most of the shares made sense. The volume has been high enough to absorb this supply. Below 2p we have natural buying interest again I think. I have bought more the last two days in ISA's at an average of 1.73p. This may fluctuate with core markets a bit but medium term they are funded so there's good upside to come 1-2 years out. Personally I target 7-8p area.
Interesting Steve. Why do you think that tomorrow is so important ?
You joke, but I got my crayons out and drew on a chart, tomorrow looks like a big decider for the direction of the stock.
Thank you Max111
Hi Max
Its long term yes but in the medium term the share price will rebound stronger and investors who are patient will know loose out here. Just the start of the journey.
We are still 3 x times greater than the Sept 4th placing.
Remember the saying " Patience makes me money "
Fundamentals - have gotten stronger at UFO
Hi Wents,
You were consistently wrong about the KMG shareholders selling UFO shares:
"KMG shareholders will be looking for a nice instant profit, thats what its all about, making money and walking away."
"KMG shareholders will sell for a big profit and some will move on and some who believe will buy back at a lower price."
"KMG shareholders selling , i believe it will drop further and before its next rise i will buy more."
Then you missed the big rise after people realised that KMG shareholders are sophisticated long-term holders and didn't sell (as I was saying).
Then you missed the big rise again from 13th Oct, when you were de-ramping again.
UFO is a long-term play but you try to trade it and miss out on all the large gains.
But at least you are honest when you said, "don't fall in love with a company, use it , abuse it and dump it, it has no allegiance to us." So for that I respect you as you are up front about your position.
Went, no way are the assay results built into the price.
Bo one has any idea how good they are will be, they might be a true flop, or be amazing, the market can't factor in something so unpredictable.
If you right somehow though, I am properly stumped and my LTH period from 2.8 will have to be furthermore extended to achieve anywhere near 100% return in the future.
You guys think we can somehow get 6p by next year July time?
Bill seems to be a fast moving ceo
You must be the worst person at investments if youre so negative on the company you pretend to be invested in. Ill repeat what I said abput Westlands. READ ALL HIS POSTS. THEY ARE ALL NEGATIVE ABOUT THE COMPANY. Nothing good to say at all.
Key words, he SAID he has 20m, blah blah blah and will keep them. That's ok then it has to be true.
I really like this share and i am invested in it, but it does not mean that i try to call the ups and down along the way. For the record, i don't believe the assay results will change the price that much, i believe the results are out there and factored in, this is AIM after all.
Just my opinion, what do i know.
I have to say i was flatterd by one of the posts, it part read:_There you go at it again. Your an absolute genius or trading guru
Wetthebed come on you really are not very good at this deramping its very clear to everyone here. I guess you got an apprenticeship in these hard times. You need to pick your game up a bit to fool any new investors, or infact maybe you should apply for a job at the Motley Fool hahaahahs
Bear in mind though, just because warrants have been exercised (and there were only 83M), it doesn't mean people will sell them.
Eg Valuerebel said he has 20M of the warrants and will just keep them as shares.
I think people will hold out for a higher price then sell now at this low price.
Especially as we are due the Assay results this week and big news flow to follow next month with our 6 projects.
green filter bin
Wents - There you go at it again. Your an absolute genius or trading guru or just full of shiiittee
buy more cheaper then wait for the rise , then decide. Simples
I would have to say the reason for the fall is surely warrants, people making a absolute killing.
Bide your time and buy more cheaper then wait for the rise, then decide. Simples