Member Info for ihavenoclue

If you trust british bulls then you have already lost

Have you made a profit yet ? Every share I have seen you get into drops like a stone,.

thehoops ... well it is close to it's bottom again so maybe ... it seems the market doesn't believe anyone wants to buy UGY ... kinda like CDN currently.

It's bloody obvious this time round. News was released Monday AM ... rise here and then rise in Canada. Dpesn't take a genius to work that one out. The market is currently showing what it thinks to be the true value of UGY

You wrote "yea i watched this drop for a while... did'nt understand why as it was production levels of 200k ounces per anum and increasing with the cost to produce decreaseing... but glad its generating interest... what do you think the realistic price will be on the table?"========= That's just it .... they are not increasing production, they have actually decreased it due to dwindling resources to mine, hence the drop. They have an exploration update out in April which is CRITICAL for this company as reserves means they can increase production again and the price will get back closer to normal levels. I feel a shrew operator knows this and has jumped in with a low bid before the exploration update so to get UGY on the cheap. Like i said, at 63p this was muted as a takeover target but it has been hammered so i do not feel the offer will be north of 50p. Hopefully other will get involved and a bidding war will kick off the SP. It has the whiff of death about it at the moment hence the muted responce to takeover news.

... but just a little. I bet it is a rock bottom price being put on the table. Hopefully will start a bidding war .. can but hope. I felt this was unloved for too long. Was muted as a takeover target at 63p ... i would now bite their hands off for an offer of 63p

You seem to follow British Bulls as being gospel so IMHO that makes you a new investor. Anyone with a bit of knowledge can see that British Bulls is a con.

This is the UGY board NOT the MEC one

I don't blame you ... i am no good at day trading either - way too risky. I would rather just pick a few good companies, that have ben either oversold or are ramping up production on the back of no debt and stick with them. A lot of investors at the moment seem to be suicidal with their "investing" such as jumping in to IVE believing it had been oversold and ignoring the undeclared debt. Debt in this climate is poison and will eventually kill companies sooner or later. There are even some companies valued less than cash but with great potential, PRL being one of them. I jumped in to UGY at 63p believing it to be oversold and feeling it was a takeover target and i now feel my research into it was weak at best but you live and learn. UGY have already reduced production as the gold is running out and they HAVE to have good exploration results to survive for any length of time - hence where they are now. My hope is that they can prove good reserves and THEN get taken over ... i feel the gold rush is still not in full swing yet. You have a few good companies in your protfolio and your long term approach to the highly undervalued mining industry is a winner IMHO Regards IHNC

The problem with UGY is not the fact of the rate it produces but how much it has left. They have had to scale down production to lengthen the supply ... hence the large drop. They NEED good exploration news or they will simply just run out of gold to mine. I have a small amount here but a far better long term gold share is VGM ... have a look at it

Hi Uriney ... this was my post from 7th Feb .. i was the one who said it would drop back "So many people ramping this .... will they all still be here if it drops back to 15p as it has done a couple of times before ? I am guessing .. NO" Petertee is a clueless ramper ... his posts just said 30p by the following monday then heading northwards ... BUT he gave no reason .. it was just total rubbish. kojebee ... profit taking ? are you blind ? it is near the all time low ... again ... profit taking occured a few weeks ago !! I wish you people would learn instead of spewing out stupid bile that you can never back up and look like idiots when completely wrong !!!

Since when does $13m equal £11m ? And they have a very low rate of production

So many people ramping this .... will they all still be here if it drops back to 15p as it has done a couple of times before ? I am guessing .. NO

This has been a dog of a share but i am tied in so there we go. The first half of the year they produced at an average cost of $811 per ounce and when you hedge 70% of your production at $796 you are not exactly making a profit. Still the second half of the year the production costs will be $450 (thanks to things like diesel price etc) so that averages $600 a year which is not great but a lot better than $811. The market has battered them as they miss targets and actually ramped DOWN on production to extend the mine life. They DESPERATELY need to find another good gold source to stage a good recovery. The difference between UGY and VGM is that UGY is ramping up to 110k ounces a year where as UGY is slowing down. VGM could have around 5m ounces of gold where as UGY's is running out. I am glad i have most of my investment in VGM than here TBH themoneyman .. i am not blaming you as i researched after you mentioned it and bought in but your strong buy at 63p now doesn't look so good LOL

You only get £6.95 trades after carrying out 25 trades per calendar month ... so the 26th one onwards is at that rate.

I hope no one listened to you ... they would have lost out.

Pretty easy to tell what it will do tomorrow by the listing in Canada. Yesterday UGY (TSX:UME) was down 18% and today UGY drops 17.9% here.

You are a very obvious ramper FACT.

Don't ignore this gem. Pretty good results that will provide a solid base for 2009 onwards. Read them and make your mind up - expect director buys within the next few days. Don't be a mug punter wasting your time with heavily in debt dogs or explorers who pretend to be producers - as many do on here. Invest in a company with a future and steer clear of fraction-of-a-penny dogs !!! Regards IHNC

I would not like to call this one as i have lost a LOT on it. I have a spreadbet at 65p that closes in 3 weeks - bit of a painful loss. I feel there are better gold shares out there than this one IMHO Having said that they have less than 2 weeks to have an offer made .. which is what i was hoping in the first place.