Morning Review of Posts9 Feb 2021 15:36
Guys can I say I have really enjoyed reading the majority of the posts this morning, Starbright. Normbeef make some very infesting points and value, Ohmni and Happyhaddock some very interesting points also Max the ultimate protector of UFO.
However the one thing we all seem to have grasped and understand is that is a steady burn, If you are investors who are looking to day trade or make a quick buck I think you are investing in the wrong company. If however you have some cash that you would like to steadily grow over the next 18 months to 2 years you could see a 10 bagger and may be more IMO. I like other here took advantage of the low sp and piled in to nearly 7m share.
Time will tell if we did right but all you can do is look at the companies acquisitions and growth potential. The DSO offers great JV incentives if the drilling proves good and we have no reason to think otherwise at present. With BHP on the door step and Rio why wouldn't they be interested when the demand for iron ore is out stripped by world demand.
All the silver mines UFO own Millions of ounces left in them again offering great Jvs but all will take time to prove up, Licences should not be a real issues if they were mines previously, but we sometime forget we are living in a world wide pandemic where things are taking far far longer to resolve. The demand for silver by the green revolution is massive due to it being one of the best conductors of electricity for use in solar panels and cars.
There is no doubt that silver is being held back along with gold the question is can the banks and governments continue to do so. The US will do all they can but if the Chinese or Russia decide to call their bluff who know what could happen or they may continue to work to stifle it only time will tell, but far more educated people than me say it will happen. I recently read E B Tuckers Gold and why gold now which is very interesting well worth a read or listen on audio books gives some great incite into the world and money.
Think I've rambled on enough keep up the good posts guys.
Regards
Greg