100% agree. Who in their right mind would bid for a minority asset, which you have zero control over and become Art’s plaything. The field is left open for Art to pick more assets cheaply.
Spot on goingtothemoon,
Silver is a strategic metal. There’s not a cat’s chance in hell the USA will let it spike. Has been manipulated for years. Even Buffett quietly dumped his silver back in the day. Otherwise you get hauled up like the Hunt brothers and get turned over. With the state of the world economy, every country is going to guard its mineral rights . Only safe jurisdictions are USA, Canada, Australia. Let’s hope Bill spends his money wisely and quickly proves up the Aussie Iron.
I’m such a Luddite, you’ll have to give me an idiots guide.
TKIA,
let’s just say I thought I was king of the world when it hit 3p. I don’t now!! Lol!!
Whatever the charlatans scream on here , I’m selling jack sh-I-t. Good luck every Alien. The bears are having their day but our day will come .
EWT98,
whatever happens , you’ve got to have a longer time horizon. This thing will play out over at least 2 years. Ultimately, the market will find a fair valuation. Now it’s all on Bill. He’s got his cash , time to do. He says he’s going to step it up, step it up he must. Don’t need lots of inane RNS’s. He should save his cash and concentrate on what he’s good at and prove up the resources at his disposal. I know lot of investors here link pm prices with our share price . There’s no significant correlation. We are about DISCOVERY period.
If you own shares in UFO and they go up why wouldn’t you be happy. As it so happens , I own just shy of 24m. When they go down , it’s a sh-I-t-y day. If you want to ride the PM’s market , you have to accept the good with the bad. I don’t recall EVER telling anyone to buy them. That’s your own call. If you think you’ve got a pair, buy some. Otherwise do one
Max , that’s not Turner popes money or Bills. The £2.5m is being paid by us via dilution
Wonder if we can get Bill on cruxinvestors. It’s a brilliant podcast. Matt Gordon can smell bull-s-h-I-t a mile off. Asks question he knows the small guys would never ask.
Max,
I hope you are right buddy. If it does occur, I’ll definitely top slice a portion.
TKIA,I wish I had top sliced like you when it spiked. Not a good look at all. Let’s hope they’ve got something lined up. Less of the inane RNS’s and more substantive news required.
We need some sleuths to track down who “institutions “ are.
Mkumar,
If the placing is with “institutions” then I think they will remain in sticky hands. If they have been placed with Turnuoverpope “mates” then they’ll be sold. That’s my best guess.
Lol, Steve. In that case , it’s better that I don’t know.
Max,
I’m whistling in the wind but you would think they have something up their sleeve . Especially as the raised a couple of days prior to the annual meeting.
Hopscotch, you’ve nailed it. Here’s hoping for a better tomorrow.
Would be helpful for all if we get a breakdown from the company as to exactly what they are spending , when , the next expected placing. Transparency would be good for all.
I suppose it’s a good sign that the placing was snapped up. Dead curious to find out who the “institutional investors” are. We have a few super sleuths on here and I’m sure they’ll get to the bottom of this.
Pop1980,
I hope you are wrong but if you are then I’ll reload at that price. I need my head examining, but this is my train ride out of my daily grind.
You called it Mrsipp,
It’s made me more cynical and I hope this doesn’t become a lifestyle company for Bill and Co. Hey ho , too late to worry now.