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The markets are minging (technical term there!) today across most sectors. There's a lot of uncertainty what with Covid-19, and in particular the US election and we all know how much the stock markets love uncertainty. I think (hope?) that most of it will clear after the election next week, but further turbulence may be encountered depending on the result and the margin of any victory - pls lord let there be a clear winner, the last thing we need is a contested result. Until then it's batten down the hatches and put your head between your knees. But even if that gets negotiated we've then got Brexit on the near horizon so in short I think we've got a stormy time ahead of us for the next 3/4 months potentially. However, I suspect the US election is the biggest obstacle of the lot....? That being said, as everyone has pointed out I think PMs arewell set to benefit in the mid/long term and UFO is as good a place to be as any. I think we just have to sit tight. GLA
:)
Morning KTIA. Been here for a couple of months now. Just waiting for things to take off, but it's a waiting game. Completely agree on your assessments. Just hoping for news here which could happen any day. The board changes earlier this week are very pleasing...
Over 1$Bn of resources based on current prices at Hope and that's before the further drilling and exploration. This is hoooge! As someone wise once said research, research, patience, patience..
It's encouraging to see some trusted familiar 'faces' here. Strapping in for another long run. It seems this bboard is like the UFO bboard of july/aug time which is great. Looking forward to intelligent insights. Glad to be hear guys. GLA
Is it just me, but does anyone else get the feeling that this is just the calm before the storm and at some point this is gonna explode into life? Positive changes to the board and with a lot of potential resource in the ground, this just seems hugely undervalued and unloved. Get the feeling that if/when the touchpaper is lit this could go big?
GLA
Oops - I though my original post hadn't gone through with this morning's issues... apologies for duplicate.
Thanks for your welcome TKIA
Evening All,
Been watching this a little while and finally dipped my ties in this morning (typically it was near the top of today's spike **face palm**). Looks cheap as chips and with exciting times ahead.
GLA
Morning all, just dipped my toes in here. Been following for a while and couldn't resist. Looks like a lot of potential.
GLA
Hi KTIA,
I'm just watching fairly quietly in the background and enjoying the ride. The Greenland news is yet another game changer imho. I've also been upping my stakes in a few other juniors, but UFO will remain my main interest.
Morning all, would like to ask a genuine question that's actually about the share price for a change? ;)
What do we think will be the effect on the sp of a positive set of assay results later this week (or whenever they land)? Do people think there will be any positive uplift or has this already been factored in/have little or no impact?
My own view for what it's worth is that it may have a small positive impact but not much, though I think we'll see a positive lift should we get agreement to increase our holding to 100% of the licence.
Thoughts welcome. Either way I'm hoping for a quieter week with a steady rise back above 2p and some consolidation between 2 to 2.5p
Best H
I agree. It was overbought and has now been oversold imho. I think fair value at the moment is circa 2p but that's just my opinion.
Ultimately you either believe in the fundamentals and buy/ hold for mid/long term gains or move on. No point watching the sp with running commentaries every 5 mins. As the saying goes 'a watched pot never boils' (or something like that!) GL whatever you decide. As for me I'm for holding not folding.
Ultimately whether you are a long term holder or a short term trader, most of us will have lost out by the drop in sp in the short term. But ultimately this is a good company with bags of potential and the fundamentals haven't changed. It's a short term kick in the nuts, but you've got to suck it up and hold tight. It will recover and kick on...