Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I am think the Dollar will go a lot lower too. Biden is dollar negative. Oil and commodities will continue to surge. What about Gold and silver tho? They are rigged. If you are going to buy them, go to the royal mint, don't buy paper gold or etf's, they are rigged. Come on UOG, they must be raking it in atm.
Good response, thanks Sain@vision.
Hi JB. on the investor call at the end of Sep (link below), Brian mentioned bringing new institutional investors onboard and he did mention Miton somewhere towards the end, and around the same time, their Holdings appeared on the website.
https://www.youtube.com/watch?v=0t6RESLHetw
What is that moron talking about? Perhaps management thinks the shares are very cheap, boost it's financial ratios and want to reward shareholders. There's only one reason why they are buying.
The dollar index is so low. Dollar is being decimated hence why Oil is high. Oil should not be at $50. Artificial price. Either way, BP is looking like your best bet when it comes to big oilers as Looney is in bed with Schwab and his cronies. UOG has proven to be profitable under low oil environments so is a good bet too. Roll on Jamaica
Miton bought over 3% of UOG at the end of October and for those who've missed it (Greta). No TR1 was necessary as the shares were spread across different internal funds. Why it won't hold 3p, I don't know - but fundamentally speaking, UOG is worth way more than 3p per share hence why I am holding.
Yeah, I'm a lth. This could be 1 quid this time next year.
OIl is probs one of the safer commodities. EV materials like Lithium are worth getting IMO. The Gold and silver markets are rigged and some ETFs contain more gold in them than the World's actual amount. I know Copper is bullish at the mo, but historically, China has bought tons of commodities, stockpiled, and stopped buying, hence the price crashed. Rinse and repeat. In UOG's case, just hold and once the sellers have gone, then these should appreciate nicely. Strong balance sheet and good management. I reckon Greta bought in high hence the cold feet, just ignore imho.
I am getting into oil and commodities because of this race to debase. The dollar is going to keep going down for (at least) the next few years. The Fed are going to keep flooding the market with liquidity. Higher monetary inflation will not only keep the DOW roaring, but the dollar weak hence Oil will fly. Once $50 has been hit, oil will fly. UOG should do really well over the next few years. I am going to be honest and say that I don't have a massive position, but still notable. We are going to see a massive currency crisis, end of the dollar reserve system and the emergence of CBDC's. Whilst that occurs, get into any commodity producer and enjoy the ride.
It's not because of brexit. Oil is under a bit of pressure and the dollar has gone up a bit. The US has to avoid hyperinflation hence why they are delaying the stimulus. Inflation will continue, but it's staving price inflation.
Cracking RNS, I am a comfortable long term holder. Just wait until they get a Farm In Partner. That will be probably be announced in a few months time, this has Mid Cap written all over it. The dollar is going to keep going down too (Yellen and upcoming stimulus and Federal reserve) so Oil (I think) could be at $70+ this time next year. This, RDSB and BP are still cheap, get in whilst you can.
Encouraging results and trading update however, it looks like they are channeling their sales efforts into the public sector (G cloud) which is not good. Take it from me, I use to sell to the public sector, and not only do they have no money, but they are very bureaucratic in the procurement process. It's on the watchlist, see how it does.
Greta, get off the BB now - as much as I like your healthy cynicism, the negativity is displeasing. It's not Larkers fault, and either way - they are now cash flow positive so a delayed payment is not a biggie. If it's the same news in Q2, then we will go from there. Either way, Jamaica news out soon I reckon, should be good. Cheap dollar and Opec , UOG and BP should do well