I'd have to disagree, if II's were invested, it would have been at the latest last week, I personally think the float and MCAP are still too low to interest II's but it is a covid play and there will be some that see the potential of this one. II's don't gamble and you can be sure if GDR do have any Institutional money they have a good idea of any commercial deals in the pipeline, the SP is just lack of volume, the MM's have to create a market. I doubt theres going to any big increases in volume until next week, hopefully the BOD has learnt its lessons from last year and are pushing this product, we will see next week....
theres no doubt the SP been a bearish trend for months, I do feel for LTH on here, but at these prices it is worth a punt for new investors, the upside does outweigh the downside, the SP could retract on no news and low volume in the coming weeks but I think/hope that people will start jumping on board next week, low mcap covid plays always attract the herd, good luck
Given the MCAP and size of the float, GDR isn't going to need much volume to create a decent rise, this is a covid play and I would imagine the increased news flow on the new variant and the nearer we get to confirmation of approval next week should see a decent increase in volume when FOMO kicks in next week. The low MCAP will certainly be more appealing to retail chasing the next covid play, I would like to think after the consolidation we had yesterday we should see some more buys today, low 40's would be nice.
Why, do people continue to post which way they think the SP is going to go? How could anybody know, the market this year has been completely irrational and volatile, to be honest I take the RNS as a positive this morning, hopefully this will lead to a JV or sale of asset, but the markets going to do what its going to do and I'm settled in for the ride now, I'm here because I think my investment in 18 months will be alot more than it is now, its clear the SP currently is not reflective of the company and the longer this goes on the bigger the reversal will be, Bill just needs to keep proving assets and keep some momentum with the news flow.
of course this is a gamble, its a covid play, but thats why we are all here aren't we, if these plays come in, they come in BIG. The fact they got the RNS out on Monday after the market dip on Friday was a big positive for me. If we get the approval next week the herd will FOMO into this and hopefully we'll be alot further north from where we are now.
I was lucky enough to buy in on Thursday, had some decent gains this week, but bit confused at some of the posts on here today. Why are people trying to read the charts and predict the trend of the SP, this has a small float and MCAP and is a covid play you might as well flip a coin. The market had a stumble on Friday because of covid and these guys had an RNS out on Monday morning, that tells me enough, they are clearly trying to get themselves repositioned for the potential opportunities that may arise from this new variant. The consolidation was expected today, the low MCAP will hopefully draw plenty of retail to FOMO into GDR next week and with the news due I would expect the SP to be considerably higher.
I agree, once the sentiment changes in UFO and mining stocks in general we are in a much better position from where we were 6 months ago, hoping for some decent results from EH and news on mexico before xmas. UFO have cash in the bank and ground to drill, so a good position to be in for 2022.
What most people can't understand chris2 is why you post here, you aren't invested and dislike the company so why hang around? Most investors who post on the BB are well aware with the risks and comfortable with their positions, I personally think UFO has sufficient opportunities in the next 12 months to substantially grow my investment. I'm here mainly for EH, but this is an AIM mining exploration company it doesn't get any riskier than that yet people have invested tens of thousands of pounds, why? Because IF UFO can deliver then the potential is huge, if not and its a complete duster then I will lose a large portion of my investment. People respond to you in such a manner because of how condescending you are, you aren't as clever as you think, do you honestly believe that the points you have raised have not been considered by other investors in UFO? Its quite sad that you still stalk the BB and wait to post negative rubbish everytime the SP drops, whats even sadder is you probably don't have anything better to do with your time, I wish you well but perphaps its time you found something more constructive to do.
I got in on thursday, ( complete fluke regarding timing I might add) always find it funny how folk give a running commentary right after the bell when news lands, I'll see you all in Jan when things have calmed down a bit, market up to xmas is going to be volatile to say the least good luck and well done to all the LTH that weathered the storm and held.
@smiller, I'm not just invested in UFO as I'm sure you're not and I have a business which was severely affected by the first lockdown, the potential of another market crash is a worry, although it would be good for PM's it will effect my business and other investments so a bit of a double edged sword . I invested in UFO for silver as I think you also did, but my interest was mainly from the potential future renewable market, if we have another large correction then I'm sure we'll get it lift in the gold price and I know theres a correlation between the gold and silver price, but do you think it would add a significant amount to the UFO share price given the amount of drag a bearish market may have on the UFO SP?
the markets reaction today is a worry, when the market crashed last year, it was unfortunate but understandable, it was a black swan event. A new strain of covid is worrying and precautionary measures will no doubt need to be implemented but this is nothing new and yet the market has taken a huge drop today, why? Its been a difficult year and its looks like its going to be a bumpy run to xmas, I just hope it doesn't create a big sell off over the coming weeks and tank the market, I'm holding UFO regardless but its becoming a little frustrating.
If you've got so many people at ' moon squad' now, any chance you could ask one of them to type your messages?
I'm still holding some sub 2p, I've had a good run with SAR and I hope it continues, I personally think I will get my price, but the markets volatile and SAR is one piece of news away from flying again, but one thing we know about SAR is always gives you another chance to get back in, patience.