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Quite an interesting read. I see more upside in this share than downside with such a small market cap. I think Scott knows that all eyes are on him to deliver going forward. Today was a small backward step to enable two or more forward steps.
All my opinion only. No guarantees in the share game. Good luck to all who hold.
https://www.lse.co.uk/rns/UJO/director-dealing-blr50bjmipl1h8r.htmlJoseph O’ Farrell was topping up at .22 two months ago, using his own money. I’m sure he’d have waited if another placing was going to be a possibility.......
https://www.lse.co.uk/rns/UJO/director-dealing-blr50bjmipl1h8r.html
We were fully funded in May...............and we’re only in September now.
https://www.lse.co.uk/rns/UJO/final-results-for-the-year-ended-31-december-2019-03uu4vq805dr949.html
Well said Pranchalee. I don’t begrudge anyone getting a few cheap shares if it motivates them to grow the company. We have the management and financial backing to make this company a real multi bagger. Look at how much copper has been mined in Cyprus over the years. Limni was about 150,000 tonnes if I remember rightly. Look at the percussion drilling results so far. Look at the price of copper (over $6000 tonne). Doesn’t take a rocket scientist to work out the potential here. Let them get on with it in peace. DYOR.
Good luck to them I say. This share has monster potential in my opinion, I like the fact that they have been incentivised more regarding the share price and that they will have more cash in the bank to move forward with . I’m really pleased with the way things have been going recently and this could just be the start of things. My opinion only. DYOR and good luck to anyone already holding.
I think it was a buy. Trade price was 6.3p. Looks like the transaction was earlier in the day, Mark the SP down to generate a few sellers. MM’s aren’t getting my shares on the cheap. Very compelling story, great management, fully funded drilling campaign, management own shares, small market cap, what’s not to like :-). DYOR as usual. GLA
I’d like to think that MM’s were ‘shaking the tree’ ready for a good RNS. Could just be due all indexes going down today but the fact that UJO fell at the same time is a bit suspicious. Topped up this morning but wish I’d done it this afternoon lol.
The drilling is fully funded. I think a JV will come along before any raise imo. I think what you see is people that have tried and failed to ride a bit of momentum. I’ve got a sensible amount in this and expect to make a very nice profit over the coming years. Market cap is only just over 1.3 m
Great management, great story, directors own shares. DYOR.