Member Info for Bumble1968

Hardup,
Also take a look at the POG forum sometime, I was fortunate here as I was looking at POG but I already have quite a lot of exposure to Russian based commodities and thankfully I never invested.
I think I read there that a guy has lost something like 7 years worth of ISA investments!
If that's right it's shocking.

Hardup,
That post was doing the rounds on twitter.
How many times do you hear the word "Diversify"?
History is littered with stories of people who have piled into a single stock and have been caught out.
Also who looks at certain companies like Cineworld, (and there's plenty of others I could name!) and think that's a great home for my life savings?
Also not trying to discredit it but I noticed it was a 1 poster account and was quick to point the finger at rampers.

Corby,
If drilling is carried out in the next couple of months, and initially they only need to drill 3 or 4 holes, if they show evidence of possible high grade Nickel the photos will be all over twitter.
I would imagine that if necessary, and probably at extra cost its possible to get the sample testing pushed through. We could see something this year?
We also don't know what's going on in the background?
3rd party interest may be involved here?
The SP isn't going to multi bag without a lot more evidence, but the current news has brought the potential here into the public eye.

The problem with buybacks is that they must be continued.
Most company buybacks stop after a period and over time new shares get issued. If BP carry this on every year and get the shares in issue down to 17, then 15B etc it should be truly reflected in the SP.

Hardup,
I agree, I bought back in with the reinstatement of the dividends and it has been one bad news event after another.
I have a half decent holding which I have no intention of selling, my position was bought mainly to give me an income, but I stopped adding because there have been better options out there.

Lti,
If Suf's been trading then fair enough, but life's to short to check his history and the way the threads been written he sounded like a long term holder who's only added.
Yes I was wrong on the dividends, I hadn't checked the actual period before responding, but the history isn't great.
The FACT remains you could have bought numerous other shares and had much better returns.

Suf,
Unless you bought at the 2009 lows you've lost money and spent about 8 years with no dividends.
Not exactly what I'd call a "winner"

zac,
Yes, correct.
If all you're interested in is maximum income look for something like BHP Group which is yielding over 10%
Pursestrings,
I hope you are not 100% in BP? Again I'm mega positive here but you should always spread risk.

Pursestrings,
If the SP goes to £6 you sell either some or all and buy something else which pays a dividend, which you would consider undervalued.
I'm a long term holder of BP and am extremely bullish on the stock but when they were bouncing around £5.80-£6 in 2018 I sold a load.
Don't forget you can always buy them back again should the SP soften!

After 12+ months of nothing but red isn't it lovely to get some sustained green!
If PJ needs a hand to speed up the drilling I'll get my DeWalt out of the garage!!!!....

Onassis,
YAWN....

America does seem to have a major issue with gun crime.
There's nothing wrong with guns pur se, but with almost unregulated sale there most definitely is.
Take a hormonal teenager here, add a couple of beers and they want to start a fight.
Add access to firearms and you have a big problem.
But the real issue is the absurd number in issue (more than the population) and the day to day crime.
I don't know the answers but I'm glad I don't live in some of those neighbourhoods over there!

Neil,
As others have said do NOT put all of your eggs in one basket. It only takes one disaster and you could be heavily underwater or potentially lose the lot!
I have a core holding of various ftse100 dividend paying blue-chips which give me an income which works me.
I have built these particular holdings over many many years and I tend to look for opportunities where good companies are IMO undervalued and buy in.
BP is a prime example buying in heavily after the 2010 incident, and another example being BHP Group which although I have held for donkeys years I bought more after bad news from a JV partner, BHP currently yield a 10%+ Dividend, but remember these are NOT guaranteed!
I also hold in other sectors such as banking and pharmaceuticals.
Diversifying protects you in case certain sectors collapse, again a prime example of this was the Oil & Gas sector which fell heavily during 2020 and the Covid epidemic, so my advice would be to spread risk over several companies and several sectors, but DO YOUR RESEARCH, don't just diversify for the sake of it, pick your moments.
Remember also not to be afraid of taking money out of a company when necessary, sometimes knowing when to sell is the important bit!
I am not particularly bothered by the day to day SP but I set targets of what I believe the SP should be and when/if it gets there I de-risk and sell a few.
I tend not to trust funds/other people with my money having been caught out before, don't forget Neil Woodford was once the darling of the investment world!
At the end of day if I end up poor it will be my fault, no one else's!

CTC,
GFD was a conveyancing solicitor in rural Norfolk.
FACT.
Hardly a successful & glittering career.

Parfett,
True, but I'm sure PJ will do whatevers best for shareholders.
Anyway we'll have to see what happens, hopefully we will get drilling done and results as soon as possible.

Obviously I have no idea of the plans but I would set out to drill say 4 news holes.
3 to the left and 1 in the area in the other direction.
All we "NEED" to do is confirm the presence of high grade Nickel and away we go.
If the Nickels there the "majors" will take over from there either through a JV & paying for the extensive drilling to determine the extent, like the current ARCM / ANGLO JV, or,
Through a buyout of POW!!!!!

Admiral,
I wouldn't worry or even consider mining it, the main thing initially is to confirm if what was said yesterday is right.
I would imagine drilling and results is possible this year.
"IF" we have found a large Nickel deposit the majors will be instantly interested and then we go from there.
I'm sure PJ will do what's best for shareholders especially as he's holding 76 Million!

Dickie,
Timing is key BUT when I look at UFO I don't see a sub £28 Million mcap company.
As long as you can hold for the long term then Imo money will be made here.

Tiggrrr,
Yes I Agree, it's only a matter of time!

Tiggrrr,
If Hi Grade Nickel is confirmed with further drilling there'll be plenty more upside to come.
You hold there don't you Tiggrrr?