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I think I’ll stay for the release of the Gas resource upgrade for West Newton confirming it’s the biggest onshore gas discovery since 1973. The share price should go over 90 pence and I don’t want to miss that. Obviously they have planning approval for drilling the production well in H2. Somewhere between now and then they have to release the resource volumetric estimates statement that’s when the share price goes up.
If UJO want a rising share price they have to avoid say really negative things. for example: “however commercial reservoir not present at this location” talking about B1 well in their west Newton technical update. To UJO the update was very good?Really? To shareholders it’s very bad. They should have said- but we did find x billion cubic feet of commercial gas at the other well and production will start at Y date this year. And we will all be multimillionaires. Then shareholders are in a better frame of mind for pressing the buy button.
Unfortunately a good RNS will be a waste of time for UJO and won’t get the large increase in share price it should. Investors are already eyeing up the coming low in silver and gold which signals a massive bull trend in precious metals to play out over the next few weeks and months.
I’m selling half my UJO to go back into silver. I’m terrible at not wanting to miss anything.
The Gold just keeps coming. The new Gold JORC mineral Resource upgrade is going to be gigantic.
Boise, Idaho (February 11, 2021) -- The Idaho State House today overwhelmingly approved a bill which enables the State Treasurer to protect state reserve funds from inflation and financial risk by holding physical gold and silver.
Note: they manage several billion dollars in a wide range of financial instruments. To start to hold physical Gold and Silver is a major shift in institutional investment thinking. They say It’s to protect against inflation, debt defaults and stock market declines and is part of a list of safe investment options. Goodness knows what Armageddon they can see coming to the wider financial markets.
I noticed they didn’t propose to hold any Bitcoin!
If tons of good news sends the share price lower it’s logical to assume we need lots of very very very bad news to send the share price higher hahaha.
Even if ECO was to stop doing everything the share price would probably double this year. Currencies are in a race to the bottom sending commodity’s through the roof.
RNS- EEE appear to have gold everywhere even when one of the drills diverts off.
Apparently - Gold has moved off a key level of resistance . The tethers holding it to the dock have been released by the conclusion of the FED meeting last night. Nothing new was decided which means money printing ahoy forever (good for gold). The gold price was still moving up through its existing channel as of yesterday and has gently broken out of the top of that channel today .
I’ve had to buy back in, otherwise I’m going to miss the rise.
Hi Wolves221, yes I’ve read the December RNS. Prospective resources are estimates of undiscovered oil( the bottom of the value chain). They have opened the data room before. To get a deal at this stage means giving almost everything away.
The MM’s are walking this up ready to raise money with the lure of News to come.
The share price will drop, if your a longer term holder don’t sell as I’m sure the price will come back up eventually.
News flow is building a very strong base for the share price. I’m looking forward to the re rating.
On balance I’ve bought back in for the ride up to 5pence.
Apparently Precious metal prices are in for short term sharp drop. The US Dollar is bottoming and is set up for a rise. Precious metals will rise as the market corrects itself over the medium term. The question is when? And will miners stay Bouyant or drop at the same time.
Looking forward to the share price rise on this one. Lots of news flow to come across a number of projects coming together all at once.
Yes it looks like the US Dollar is ready to break out higher crucifying commodities on the way. Gold price going down. You’d sell if you were a trader but hold if your a longer term investor.
Gold experts on all platforms have noted Gold is heading for $2,300 on a climb from now to April-May 20201.
With no other catalyst Eee should uplift to 25 pence on the gold price alone. If gold shares become mainstream news - which they will - your looking at a gold frenzy taking the price way higher. If we enter a period of news flow at the same time, which we will, then you can imagine the explosive nature of what’s going to happen with the share price. A lot of gold experts are calling for gold at $4,000 $10,000 $15,000 but that’s on a slightly longer timeframe.
The price of Gold has smashed through $1950. Breaking through the top of its current trading channel, that signals a breakout to $2,250 which means eee could skyrocket at any time into double digits hitting 10p in short order.
Share price seems to be gathering momentum now.