focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
While not mind-blowing, the previous updates have all been fairly reasonable in terms of showing a light at the end of the tunnel. Surprised to see the price where it is - hopefully a 'good' result isn't priced in at this level, and we may see a rise.
I really don't think chasing gold again is going to have a meaningful impact here. Switching from one hype material to the next but failing to deliver time and time again...
I'm hoping the lithium is a big hit - even without the hype, it should make for a good takeover target.
If I had a half million in silver bullion, I'd also be jazzed with the current state of silver prices.
However, how that's going to magically resurrect the prospects of UFO, I'm not sold on. Even if we hit circa 2011 highs for silver - what difference does it make when it evens out within the next year or two? UFO have managed to miss the iron ore highs, I'm sure they'd just do the same with silver
Little bit of good news for today. Hopefully better news next week :)
If you consider the ground, the SP should be a lot higher.
If you consider the BOD, the SP is about right.
A decent drill and a takeover is desperately needed here. If things continue as is, you'll probably see more dilution, almost criminal sales of tenements, and a lot of hungry snouts being very well-fed.
It's a shame really.
If you buy 10 shares at £1, the price then increases to £1.5, and you sell 5 shares, your "true" average could be said to be lower, because for the remaining 5 shares you hold the cost to you is now only £2.50, so 50p a share.
I don't personally count my averages like that, but I have seen and heard it done.
Averaging down by unloading high, buying low - you will achieve an average that is lower than the share price if you can time the swings correctly.