Degsie - I do theoretically see the value in BCN and whilst not in profit (any more) it no a big loss, but given the situation ie 'most of the way to being sorted' I cant see why its such a painful share to own. If you are in profit you must have been either very skillful/clinical in your purchasing strategy or in at a very early stage. This has been well over a quid way before Ganfeng came along and its now just getting worse...
You wont be saying that when the shares you supposedly bought are diluted further... I have learnt a lot about junior miners in the last 5 years most notably they almost all stumble on the lack of finance, I have seen this in at least 3 AIM junior miners I have been in or watching. And the second thing is the enormous timescales to ROI unlike say the technology or Biotech sectors.
I think addicknt's comments are pretty valid myself and I have a 5+ years badge of honour also ! If I could travel back in time I would probably only be thinking about buying this now rather than 2014. The asset is undeniable but the market is lukewarm on junior miners and it seems especially those that arent producing yet evn though these guys are 80% of the way there...So in summary its a frustrating share but starting to buy only now would be good.
RE: RE: UKOG price prediction 31/12/2019 (23.59pm)15 Nov 2019 21:02
Agree here phil -- it seems the company could stab their grannies and they would still think its great --- touch with bargepole only if you have any sense.
Having been to a couple I would say - no..They will never impart any forward info and will sugar coat anything else. Having said that I would have liked to have gone to the KDNC AGM again to call them out on the 5 year long dire share price performance but I think only the luvvies went...
Its funny just read this --- AIM junior miner boards are chock full of great and informative asset valuations like this one, however if the market doesn't want the shares no maths in the world will make any difference !