Institutions & Funds to buy UFO?18 Oct 2020 19:23
Last month Chartists Patrick Karim & Northstar (who have been spot on) said once UFO breaks through its volume defined resistance of 1.13 it would rapidly fly through its air gap past 8p.
UFO is in the process of doing just that!
But with the recent IMF statement calling for “A New Bretton Woods Moment” and with Goldman Sachs recommending to dump Dollars and buy silver, we could see UFOs share price fly faster & higher than anyone envisioned.
Since UFO is the best junior miner on AIM, Institutions will start buying very soon.
UFO used to be in Junior Silver Miner Funds before, and will soon be part of the Junior Fund portfolios again (especially after Goldman Sachs recommendation to buy silver).
Since we are a tiny pond, when the whales show up, the SP will go absolutely ballistic!
Bill has been very aggressive in seizing opportunities. Eg buying 117km2 extension to Elizabeth Hill straight after acquisition. Commenced discussions to increase the 51% stake at Hamersley.
And now roughcut has found for us that Bill has acquired a new exploration licence in Greenland!
https://portal.govmin.gl/license/20952
Bill’s 25 years in mineral exploration is now going to pay dividends for all onboard as the Institutions & Funds inevitably join us and propel us forward.
I have no doubt UFO will be the best vehicle to ride the PM & Base metals bull market.
I can’t predict a future SP figure. I can only expect a meteoric rise! GLA