Member Info for Ninvestor

A mixture of views here today, thought I'd put in my thoughts:

I have a few grand's worth of Ukog shares (6p ave purchased August 17) consider myself a medium length holder. I sold half my holding at 9.5p and naturally wish I'd binned the lot. I am disappointed overall with the progress that Ukog has made since 2017, they were quite happy to pump the SP that summer with various RNS announcements all saying virtually the same thing I still hold out of sheer curiosity and a lesson to myself about AIM investing; I bought 3 AIM shares that Summer - UKOG down 85% - GWMO down 75% - BMN up 240% - and need to be reminded the difference between spotting 'real' potential and a krap P+D where someone's mates have done very well and if you time it right (amongst good volume) you should be happy running for the hills with a 20%-30% gain made over a few days.

I feel that people are burying their heads in the sand here: Unless you bought your shares before May 2017 then you're losing money and no amount of averaging down is going to help - unless you have an enormous wallet - and if you do then throwing good money in here is a monster risk because since October 2017 the SP has been in constant decline. There are almost double the shares in circulation!!!

You know the company is no good because how many holders here are topping up? Not many. BB was terrible and the YA finance crippling. When a good share has a dip people fill their boots. No matter what people write on this BB I think a high percentage of us would love a spike to get out at breakeven or near.

The spike isn't coming though.... ever: Put yourselves in the shoes of a new investor reading RNS' or looking at this board: There is zero incentive to invest long term - the SP is in decline, the company can't be trusted, it's too risky. There is no incentive to invest short term - the up 20% days are long gone. The AIM market is PI driven, and most PI's not already invested wont touch this with a barge pole. Where's the volume going to come from? Why try and make a quick 20% here when the volatility of FTSE 100 shares offers that opportunity at the moment (plus a divi if you get your timing wrong)

The world is a very different place to 2017, I don't believe councils will be under pressure to allow drilling for much longer.

I intend no ill to anyone here and hope we see a return one day, but of all the shares I've ever bought this is the worst.

Agree. I think he's put a lot of faith in this one, hope the BOD come up with the goods for his sake and ours.

In today at an ave of 53.3 incl fees and stamp.
I feel a good entry point as a medium or LT hold, not worried about ST noise. GLA.

Mr cautious.
Post of the day 2045.
Unless you bought your shares prior to mid May 2017 then you're running a substantial loss.

@triggerboy
The 'holding mcap down for jse listing' has been done to death around here mate.

how's that short going?

Could be an uplift now the big sell has gone through, must 've been hard to shift with this low volume. looks like a double or bust sitch here atm. GLA

The growth potential as well! Just in the mining side Bushveld will quadruple their 2018 production 'in the medium term'
Asos has peaked.

18 Jul
Barclays Capital
Equal weight

550.00
-
15 Jul
Deutsche Bank
Buy

690.00

World's gone mad. SP is about the same as one year ago, think about all the amazing updates since then.
The darling of AIM put out another profit warning today, PE ratio of 37! Bargain.
Guess retail investors prefer faddy names over actual profits.
Holding and will continue to add. GL

Agree Michael, this could be a simple flip with high upside IMO

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The company announced on 15 July that it had received a USD45 million contract to help the service build an ERCA Increment 1 prototype that will increase the range and rate of fire on current, as well as future, M109A7 self-propelled howitzers. To achieve this increase, ERCA will be integrated onto the M109A7 and the M109A7's current 39-calibre turret will be replaced with a 58-calibre, 30 ft long gun barrel, the company said.
"ERCA is a significant technological step forward for the army's artillery portfolio," Scott Davis, the vice-president of programmes for BAE Systems' Combat Vehicles business, said in a statement.

Vauch and jog.
I bought my first Bmn shares in June or July of 2017 for just under 10p if memory serves. It took about 9 months for them to be in profit (March 18) and it went down to about 6p before it went to 12p!

The company updates this year have generally been excellent, the Vanadium price is surprising to me - we all laughed last year at Meyer's price forecasts. Nevertheless I am still confident and looking forward to further developments. Best of luck all.

Showing down 13% on investingdottcom but quoted 3.47 to buy early on.

The struggles of the Weald have surprised even me in the past year.
I bought Angs at 29p once and sold for a 10% profit two weeks later - and I was kicking myself when it went past 35p soon after.
Strange times.
Hope nobody has lost too much in this. GL

A good honest post, as Robbie Burns says: Most investors would rather miss a few percentage points and catch it going in the right direction - general human nature in my opinion. Buying at the very bottom is impossible most of the time anyway, picturing what today's 25p shares could look like anywhere from a few weeks to a few years from now increases confidence in the case of this share.

As Sanchez said a while back, when this phase is over; we'll look back and wish we all bought more. The manipulation has been frustrating admittedly, I've taken to looking in a couple of times each week and otherwise putting it to the back of my mind - feel much better for it. GL

agree

Thanks chaps, lets hope this is the year they turn it around - tough year or 2 in this one.
Glad the board have put their money where their mouths are as well.
Re: Webley - I think he really believes in this (looking at his Twitter page) - says he's still buying, I wouldn't blame him selling some as he's been through the tough times with the rest of us. GL all of us!

Really sorry to see how this has turned out, I hope nobody is losing too much and that it can be turned around.

Nuog has been on my watchlist since 2017, always liked the prospects but something about the BOD meant I could never pull the trigger. GLA holders.

post of the day - lots underwater here, me included.

I shelved this a while back, nice to see a bit of a rise. What has happened to M2/ST though? They drilled ST last Autumn and almost got to target depth, then cased the hole in for winter. Surely revisiting that op would've been a priority this summer, no? It's nearly July already.

Any thoughts? Cheers.