RE: UFO11 Dec 2020 09:35
Oil_Beast - Some long term holders are chuffed off by it. I'm not, but then i came in at 0.75p so have only seen one placing and am still well in the money. I now have a much bigger holding after slicing 20% at 3p and UFO was always going to be a 2 year plus hold for me. I only sliced at 3p because a 300% gain in a week was never going to hold, and i wanted to move some money around into other shares. If the gain had been a more subtle gain over time i'd probably still be holding the lot.
I think it was a brave decision to do the raise when it was offered, as its much easier to get money when you don't need it than when you're scrabbling around trying to make ends meet.
I'm happy with the way BBG is doing things at the moment, even if his timing wasn't great. I'm still going to be holding for the next couple of years. I have slicing targets where i'll take 20% out, but even with those in place if we hit them all i'll have 10 bagged. These things take time, look at GGP who hovered in the 1.8 - 2.1p range for about 18 months before this years gains