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Well its been 6 months now since VLG did the placing, dropped the sp and caused a very tight trading range. 6 months of waiting and very little word.
Come on BOD, give us some news that is worthy of the dilution.

Quote from FY report - "We now have a refreshed business that is not only more efficient but one that is simpler, stronger and aligned to making thoughtful, authentic places alongside shareholder value. It is a business that is ready to deliver."

UAI core developments have targets for completion of 2-5 years. Profits are lumpy in this business , meaning big profits one year and small profits another. If you average out the £1.4 billion profit targeted over 5 years that is £280m per year. Take the current Market Cap. of the company, £120m, and you can see where the sp will go eventually providing they deliver.
I get the feeling their forecasts are probably on the lower side which will be good for the SP if they then beat the forecasts.
Then we have a company that likes to pay high dividends with special dividend payments, judging by past payments. These will likely be re-started next year, so these will be worth holding for anyone with a low average share price. If I remember correctly, in 2018 UAI paid out about 6p in dividends with an extra dividend of 12p. All together it amounted to about a 10% dividend. I'd expect to see similar in a couple of years which would work out at 15%+ at these prices.

I was wondering the other day if we would see bod buying and here it is. Richard Upton buying another £100k worth. Gives some confidence.

If you haven't watched the webcast it is well worth watching.
https://www.uandiplc.com/investors/results-and-presentations/

I have been quite impressed by the webcast.
Richard Upton CEO is one of the main reasons I'm still invested here. He has a holding of over 3%. He is rich enough that he doesn't need to work but is quite clearly driven to succeed in his work.
The plan of simplifying the business I have seen done in other businesses to great success. UAI has had its fingers in too many pies, so simplifying the business to concentrate on the most profitable ventures, their Core assets, UAI are targeting £1.4 billion in profits.
Debt has been reduced by £58m this last year to £72m. Expenses are being reduced, currently on £15.5m per annum. This is ahead of their target of £16m. Further reductions to come with a target of £12m.
Over the last year ESG has become paramount to the Government and increasing to many investors. People want to see companies being responsible to the environment in so many ways. ESG has always been UAI's way of working and has become one of the leading companies for development with ESG in mind. There are huge grants available (approx. £6 billion) from the Government for companies to develop sites with ESG in mind.
Non Core assets held by UAI are to be sold off in the next few years. A total of 35. £80m is expected to be received in this coming FY with a further £30m the year after. 28 of the 35 assets are expected to be sold within the next 2 years with the remaining 7 sold within the following 2 years.
UAI are fully funded to cover expenses and those projects that need additional funding to complete will be funded via profits made from the sales of their non core assets.
So, in the next two years there will be plenty of news to come from UAI. Obviously the proof will be in the pudding, but the new CEO has immediately set out to change the company via reduced costs, reduced debt and reduced projects to concentrate on, targeting £1.4b in profits in the next 4-5 years.
Previously UAI were always a high dividend payer and this is likely to return next FY.
All in all, I'm happy with the direction the company is taking and added yesterday.

Richard Upton - "I'm absolutely determined that these years of under performance is behind us".

How you doing Trojan? Been a while.

Thats more like 14 ounces or 9/10ths of a pound!

There are a few with targets of 30p but imo that is still undervalued. I think 45p is more realistic now. If POG does return to 21000 then 50p would be a better valuation. There are many analyst suggesting a price of POG to go as high as 30,000. With the world governments getting ready to implode with higher debts than ever recorded, the price of SHG could well in time go beyond 50p. Once again, and this is for you Rich, I'm happy for you to correct me if i'm wrong.

Lol

Tell me if I’m wrong but the news I like the most is not just the amount and grade but that it is nearer to the surface which as far as I’m aware, will be easier to mine and at a higher profit because of being closer to the surface.

It was tipped by IC in their last edition. Lots of upside but with high risk for obvious reasons.

Some nice 20k buys going through. Looks like someone is accumulating.

Do you have a target price your aiming for?

Nice post Luna. Good to read others strats. I agree with what you said, though I'd like to point out that it is a very dangerous strategy for someone reasonable new to investing. It takes time, and quite often many mistakes to learn and get to the level that you are at.

With the recent rises in gold the price needs some time to consolidate before moving on. Technicals show the gold has broken out of the downward trend with RSI and STOCH in overbought territory. There is also the 1900 level close by which is obviously a resistance level.
Hopefully the price will go side ways for a while (consolidating) before the next move up and breaking the 1900 level.

It is not unusual for a company to be down on open after good news and then end positive. I see it as the mms getting the sells out of the way while at a low price. Once they have bought up shares available they then have to up the price to get more sellers to accommodate the buy orders.

Defiantly under valued. With profits set to double this year PAF could quite easily be a multi bagger.

Interestingly, there was a kitco video I watched a couple of weeks ago about whenever there has been a bull market in gold there had always been a crash in lumber about a month before. It doesn’t mean though a rise in gold happens every time lumber falls.

There are so many forms of charting as there are also so many different forms of investing. To me, ignoring charts is like ignoring fundamentals. After many years of charting indices I now take a different form of investing. I look at the fundamentals of a company first, and if I like the look of a company I then look to the charts as a form of entry level. I do this by using the support levels from charts. It works for me. My first buy was at 13.5p and I added on further drops in the share price from 13.5p. I first started looking at SHG at 16p, so in having an average below 13.5p, charting has worked in getting me a low average. This works well if you want to capture lots of 20% gains but I tend to pick companies that will give me a bigger gain now and hold longer. Each to their own though.

Looks like Christmas has come early and markets like the move on a day that sees the ftse drop 2%.

Doesn't take a lot to move this. 13% up today and that is on top of last weeks rise. Certainly seems that someone is loading up big time. News soon?