Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
People that keep saying this won't relist are yapping in vain. There's no point in deramping with this logic: if the stock was not to relist then people couldn't sell it anyway without going through a lot of hurdles. So no point in trying to scaremonger and hope that the SP drops and then stuff can be hoovered up cheaply. And anyone putting in fill/kill orders at this stage are probably shooting themselves in the foot.
Sit back, don't panic, there's nothing useful any of us can do while the share is in suspension. Plus the various RNSs seem to be on the positive side. Chill. (and preferably in general don't hold all life savings in any one share, espc not on AIM)
https://uk.investing.com/equities/arian-silver-corp.
(yes that's ufo)
look at the the live feed. LSE is delayed.
The silver squeeze for the time being is a distraction. If you do read the WSB subreddit you'll find that they are hopeful of being nowhere near being finished with the GME plan, although it could escalate very quickly if they succeeded but the SLV is meant to be some sort of a "Part II" that's not yet in play and as such it's a divide and conquer tactic from the banks/HFs/etc. For the time being the silver thing is more of a FOMO than anything else though clearly not independent from driving up the price.
Phoebus -- noted, I will ponder on it -- thanks
I have around the same-ish in UFO by the way (nowadays a bit lower in % as UFO has gone a bit down over the past some time) -- though with UFO that's supposed to be a long-term, so planning to hold that for a long while.
I understand that. Also that merely because of the leverage the risk is also increased compared to a non-leveraged product. Just trying to balance what funds I have with what I'm willing to lose and hope to gain. Then of course it can all go tits-up. (as it's been said a few posts earlier, if I was hoping to achieve similar gains on a normal non-leveraged product I'd be looking at investing ~~3x the money but the overall risk would be lower.
Phoebus -- fair point, indeed and noted. At current (Friday's closing) value it's around 7-8% of my portfolio, wasn't planning on putting more in for the time being...but yes it's sensible to not trust the system too much.
More detail: http://www.reddit.com/r/wallstreetbets/comments/l6novm/the_real_dd_on_slv_the_worlds_biggest_short/
From the point of view that I'd love to have UFO's SP "on the moon", yes, sure. From the point as to why the WSB bunch wants to short-squeeze silver, it would be missing the point entirely. The underlying idea is that silver is extremely heavily sorted by the various hedge funds, banks and (no disrespect to the WSB subreddit) other bogeyman(s//bogeymen? :D). Also that silver's price is being held low by said entities therefore if they could push the silver up to the $50-75 range as they'd like that would cause some carnage for the shorters, which has little to do with the miners directly. Hence suggesting they invest in mining companies, however great they may be is unlikely to happen.
Problem with FCA and their American counterpart is that even if we benevolently discount the idea that they're less than impartial it takes them months, but realistically years to get to any conclusion by which point whatever they might come up with is just about no longer relevant.
AFAIK the idea is that they'd want to see out the GME process for a while, a few more weeks if they can and then move on to silver, if, and that's a big if things hold up. So for whoever is game/brave/crazy enough, there's 3SIL to play with.