RE: my biggest worry9 May 2018 11:31
Ballio, my URU holding is 55% of my overall AIM pf. Far too much and overexposed here. Saving grace is though, that AIM investment is only a side show for me with 9/10ths of pensions in reliable managed funds. They also fluctuate (depending on Trumpy tweets/actions)) but generally within a tighter bandwidth. I constantly say it i'll be damned if i'm letting go of a single share @ pathetic 0.51p. Might trade some @ higher price, say 0.85p but only a small % of overall holding and with the intention of buying back lower. This has been my strategy for the past year and will continue for as long as it takes. Anyone who hasn't done so, please download the 2017 presentation document from the URU website and re - read. It is a truly massive lesser grade deposit @ shallow depths (open pit mining prospect) with great access and local supportive infrastructure and labour market in a more positive political environment than before. Further drilling has only enhanced the prospects of massive financial profitability by the discovery of PGE's which weren't even thought of previously or included in the initial indicated and inferred reserves study. Don't even get me started on the value of the Magnetite within URU license area (which can be enlarged upon full drill sampling results, discussion and application to authorities) which will bring early revenue. Increased recovery rates of Nickel by best practice leaching process will only be more positive as time progresses. And let's face it metals are going to be in such demand that it will surely outstrip current supply hence sell into a rising market. That's diggit's case for the defence your honour. We all know about the lackadaisical JZ and associated non information. To me, the upside is huge but only if you have the patience to sit tight. URU isn't great for short term trades imo. Oops, apologies all. My post just sort of ran away with itself, ha ha. :o).