Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Long term suffragettes moved out thats why!! Sp will recover onto 2.5p again few yrs back and more. CEO has skin in the game - sept big buy of shares . Hes been loading up. Follow the ceo ppl. He knows best - it's all about timing .
That's a great sigh of relief and confidence thanks ppl!
So is this a good investment or not? I am getting mixed messages here. I bought in at 0.42p reading the assets the company has - 100% owned copper play in Canada. They also have a gold nugget pond. So I bought in since it only has 1.327 bn shares- lot better than many companies with 3bn, 4bn,13 bn shares. The metals market will only improve in 2021 according to Goldman Sachs on more dollar fears and economic situation worsening. Hope I made the right decision for 2021. In 2 months I see that will be. So hoping for 1.5p with all the cooper/ gold they still got. Equity raising will be out towards working capital - mining, etc. That's my take on this . Any comments welcome.
Well hope that $12m was spent wisely. 2021 according to Goldman Sachs is calling for a bull market in 2021 on dollar moves and inflation risks. So anyone buying now at bottom price will get top dollar once Copper prices rise next year on chinese buying copper. So no worries this company is not applying for Rishi Sunak's Furlough scheme - not yet anyway.
Race to sell , then ppl will be racing to buy the sold shares. $12.7m in bank!!! Not many companies have that kind of money. 100% owned copper/gold mine in excellent jurisdiction - I wonder why ppl would sell and not hold or buy more at wholesale price. This share has been way oversold - get your money in - fill your boots. This is only going to 2p then sell. Onto bpc.
No prob dog shares with great assets in early stage of exploration like Ggp, Solgold, Eua have the best way forward for huge upside in Sp. 0.3p still great entry point - assets alone are worth more than 0.4p so still great entry point. If they dont manage to monetise on the 2 huge assets they have they can always sell them at a premium!!
I would just state UFO is in very early stages of exploration just like ggp was if ppl remember. This has all hallmarks of Ggp, so no prob in this rising to 27p like ggp. But now is the best time to get in not put it off for later. I was challenged by one trading guru, so he likes to think himself to be. UFO has already risen from 0.06p to 3p - that's 50 times , I said so what its got 2 great jvs and UFO is not going to stand still as a share , it is not passive with no money or lack of assets - it is active unlike some Pumped shares in the pennies. UFO is a very exciting share to say compared to many other dull hyped penny shares. This is a winner and if ppl are put off by investing here then look elsewhere for shares at the beginning of their bullrun. There are some but it all depends on several factors. I am pleased with firstly the CEO- 2 jvs, calm jurisdiction , huge assets, a dedicated team and what else to add I will leave that up to u.