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Being farmed out to MFDEVCO would be ideal. Coupled with a TOR resignation we could be back to double figures very soon
To be fair UKOG is one play I was waiting for until buying more of this, and I avoided 88e after the first Icewine RNS - actually tried shorting at 2.5p but wasn’t allowed lol
I'll be tripling up if my other plays come off before this rises again - current average is 12p but would love to get it down to around 7-8p
Joined 29th June 2017, never posted on any other BB. Opening gambit - I've been watching this one a while but just don't see it. Pursuant to this, an average of around 1 post per day ranging from reasonable suggestions as to why not to invest here to criticising those who are still invested. My suggestion - let's all ignore Money Miner. That's my last post on this topic.
Now 16.65% - what's happening here? I'm in for the LT anyway, not interested until it gets past 0.2 and might even wait for 0.3!
Let's hope the agreement is a good one then! I only got in here last week, ready for an exciting journey by the looks of it!
What's your prediction?
I would assume there was nothing new otherwise it would have needed an RNS? The main thing I understand is that they are continuing with the construction of the mine according to the initial plan. I can't quote what was said because whenever I've seen people do that, posts get deleted quickly etc There will be some other holes drilled to a depth of 500m by a partner but Berkeley won't be funding them, as they want to concentrate on the economical extraction at 100m. There was a lot said about the impact on the local economy and the social responsibility involved in a project like this. They are also confident because the mine is in Europe, so they'll be able to supply European power plants.
I attended this last night, and feel confident enough to take a small position in this and hold for the long term. Although the PPM of uranium is low at Salamanca, the fact they only have to drill to 100m makes this economically viable IMO. If they do secure funding for the next steps, then they'll just need to get a good order book going, which with the forthcoming resurgence in demand for uranium, I believe this as a good opportunity.
Thanks for the explanation. I did some spread betting in my uni days, made a decent amount when the markets were very volatile in 2010. I made 600% profit in just over a week then knocked it on the head as it was so stressful! I didn't realise you could take them on such a high level!. I'm assuming the 25% is a stop loss then?
Ok, I'll have to do some research to get my head around that