RE: Thurs Aug 6th 2009 a date i will never forget11 Sep 2021 18:06
Without someone scooping up those sells there wouldn't have been any. Its great to see that you can sell 20 grands worth in one hit. Try doing that with a few other AIM listed you'd struggle with plenty. Try buying 20 grands worth of UFO you can't even buy 4 or 5 grands worth in one hit somedays. It's all fluidity which is great.
Peanut Get it shorted, from where we are now down to .45 is a nice profit and at the end of the day that's what the bottom line is about. I personally don't think it will tank but if someone can make a few quid and has the conviction to dive in and back it up, then best of luck.
Once we have numbers jorc done I personally do not believe we'll be begging for interested parties. You only have to look at Guinea to see the amount of interest in decent iron ore. OK there's meant to be much more there than we have but look at what's going to be required to get it out of the ground and shipped. They'll even need to build a new 650km railway. Add in tinpot government and you'd think that they'd be a bidding war to get in on our action.
Chris2 I personally love balance, I like most posts that are backed up with some evidence. I don't see you as a deramper, just someone who has an opinion. I don't believe for one moment that the sp will get close to what you're suggesting but if I did I would be trying to make money out of it. A lot of ppl whinging about the sp games going on and I'd be interested to see how many board members have sold at a loss over the last few weeks or actually topped up. Personally it's been a top up and yes I'm down but I still 100% believe I'll make many multiples of what's been invested. If I believed this was going to crash hard I'd be trying to make money by shorting it. Either way it's about turning your conviction into profit regardless of what anyone else thinks.
Chris2 it doesn't matter if it goes up down or sideways, it's all about making money. Rather than banging on about the price going down just take a position and smile when you collect. No point in being a prophet of doom unless you know how to make a profit. Just a thought.
It's said quite a lot that some have taken short positions but unlike the majority of other stocks I'm yet to find a list stating what % of UFO's issued shares are currently shorted? Anybody know where that's available please?
Lots of iron ore forecasts believe what you like when it comes to price predictions but you can't argue with the current facts that it's costing some of the big boys less than $20 a ton to extract. With the possibility of a shed load of DSO that equates to a shed load of profit even at the lower end of these price predictions. Enjoy :)
Going to be a long wait now without a timescale for the drill completion then the wait from the lab with the results. Would be lucky if we get to know by Christmas. Crazy reaction today but I guess some silver fans have bought back in. I personally envisage a drop back after today when people realise that this is not going to produce results any time soon. When do others guess we will get results? Roll on the DSO news, that will really shake things up when we get some accurate numbers.
Livestock you would be the biggest comedian on the planet if you said the sp will hit 8p any time soon. In fact there are plenty of ppl throwing sp forecasts out based on nothing. It's all optimistic guess work at the moment. "Potential" is there but until that rns drops confirming what's in the ground everyone is guessing but 8p 10p is very achievable long term if we exceed the higher figure estimates for our DSO but even they're being guessed at the moment. Anyway have a nice day everyone I'm going bass fishing.
Well done Chris2 excellent call I hope you have put your money where your mouth is and managed to go short. I love it when everyone makes a few quid. Personally I'd be quite happy if we hit .65 won't be selling but will certainly be topping up again. GLA