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dickie - relax. we've had multiple RNS about IOCA, and we're likely to see a TR-1 for the big sell at least. What are you expecting from the BOD? "Yes one of our big shareholders has sold for their own reasons"
That sort of nothing RNS would be more of a red flag to me
EWT - been here a while, including for when we spiked to 3p. however still consider myself to be a Novice Investor, although to be fair to my mind anyone who hasn't been through at least one cycle should be considered Novice. The key word in what you said is Investor though.
I have no intention of trying to trade , having proved quite conclusively to myself a few years back that a toddler could probably time trades better. I lost track of how many times i sold out of things to buy something else only to watch what i sold rocket, and what i bought tank.
I'm happy enough to buy stocks that I consider to be good value, and good opportunities at higher prices that traders would consider buying at, prefering to own the stock i expect to do well in the future, than to take my chances at getting it cheaper.
EWT - It doesn't matter the reason. The fact one of the trades was so large suggests that we have a motivated seller, and looking at the large holders we previously had its easy to enough to make assumptions as to who it is. We're likely to get a TR1 in the next few days which will give more information.
These sells haven't made me nervous at all, and if my portfolio wasn't already a little overweight with UFO i'd definitely be adding more.
For me i'm not looking and hoping for a spike to sell out. I'm planning on holding long term, with slicing points for approx 50% of my holding already planned out. These are several multiples higher than our current sp, and are in place so my portfolio doesn't get overweighted with UFO. The other half will be held for divis
tacet - with all due respect (which will be different for different people) I don't give a **** what your monthly profit is.
You're clearly more interested in trading short term and bragging about it. Here's an interesting concept. Some people don't want to be "given" your opinion on things, which based on your previous post we clearly should be grateful to recieve.
Ok Jamrock. We get it. You think that landlords will flood the market. Not sure you need to post this so continuously though. Its not like its a high daily post count board
AJ - Yes they get the 250,000,000 shares regardless of price. But thats the beauty of it. The price can change for them, and will when the anglo agreement takes place.
With their 39% they can't really get anything for it, however selling it to us for shares opens up a larger area which Anglo are interested in. Our shares are likely to go above the option price therefore making their deal better without them having to do anything. They could play hardball and say they want to renegotiate for even more shares, but they run the risk of not getting anything at all.
share price is effectively a vote of what market participants are willing to pay for a share at any point in time. Its meaningless as the majority of these participants are guessing
life is a lot more comfortable if you stop analysing the sp all the time and only look if you're likely to have cash to invest, or need to withdraw cash
Dip - I think it all depends on where and how much you've invested.
If you went big last year or earlier in the year with a need for the cash soon, you're going to be feeling a lot more uncomfortable than people who've loaded up in pensions with 2- years to go to retirement, or those who have got in more recently
Oh i don't mean in the immediate short term.
I think we'll progress IOCA up to a decent size and the Anglo will snap it up. Current size its not worth them owning it, but there will come a point it will make more sense for them to have it. Whether its IOCA or UFO in its in entirety is the question