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Hi,
I like this very much...very good.
Pebsi, thankyou, but im really not clever, i just buy low and sell a bit higher unless a mental stop gets triggered. My strategy revolves around extreme lows and/or mechanics around Funding. UFO is a nice trade when it has raised cash and sometimes in the run up to needing cash. They've historically released great news after funding. Their recent RNS says the CLN is short term so im waiting to see what happens next.
There is a good chance the low has passed, however the BOD can screw things up if things drag on. A bounce from this zone highly likely but how high and for how long? I've no crystal ball. Good Luck.
That other explorer i mentioned earlier hits all my criteria mentioned above. ;-)
Norm I took most off the table too early (but a nice profit) and left a free ride. I've since bailed out. Chucked it all in ARC Minerals last week.
Still looking for re-entry here tho.
Or
4.) I bought the high and no powder left until i sell and buy back.
Where's the support coming in?
1.) 50ma?
2.) Double bottom?
3.) New lows?
Whats next on the news agenda chaps?
Nice one SS. thats how to do it! take a look at ARCM. Sure thing 50%+ coming.
What is that in £ please Max?
Exch rate is approx £1 - A$ 2
Those 1/1 Warrants should have been 200+%. RS earns his coin in the fine print.
Max, there are 2 side to Spin. You spin the positive, others can spin a negative. Ultimately the buying and selling decide.
When i get a chance to buy again, ill be back on your side.
Jallis - but if it goes bust, RS looses a cash cow for his funding operations.
Enters IOCA at seed level. He'll control IOCA via UFO and direct investment in IOCA.
Wait until after the placing Bish. the CLN was for £0.5m/£0.25m/£0.25m 3 Tranches. RS getting 1/1 Warrants at just 125% valid for 3 years. UFO are scoping out Munni Munni again. Placing is inevitable.
IOCA becomes the investable company. UFO carry on fleecing PIs with Shiny dreams. RS continues making a mint through funding agreements. His Base stake keeps him as the puppet master.
Spot on Jallis,
IPO IOCA on ASX sorts this out. UFO hold a stake, Windfield also holds a stake. IOCA raise their own cash. UFO focus on Munni Munni.
Else why no Iron ore focused CEO yet?
Sin
IOCA need to list on their own on ASX. Pure play iron ore. UFO to hold a portion obvs. The only part of this scenario I can’t yet work out is how will RS benefit.
I’m sure he has something up his sleeve…
If you’re a serious investor in IO companies for the dividends why oh why would you choose a company who also wants to explore PMs. Don’t make sense to me.
Historically UFO is a pile of AIM trash. IOCA is a shining light that should de-couple.
To all those who held their nerve at the lows or bought at the lows. Great job!
Naph, what reaction are you expecting on Mining Lease RNS?
One other piece of advise.
USE YOUR TIME WISELY.
READING BULLETIN BOARDS AND TWITTER ALL DAY IS NOT AN 'EDGE'
FIND AND EDGE (but dont jump)
Il'l tell you a story. A true story (as always)
Just after posting 'Bonanza' on here, i placed a heavy Spreadbet SHORT on SILVER.
Things were going well, i was up! Yesssss.
I had a 'Meeting' at my local Boozer @ 3pm so i moved my stop loss to BREAK -EVEN before leaving home.
Sun was Shining. Felt great. NO LOSE BET!
Local pub has no signal, so i cant manage my trade! Its in the country-side!
Got stopped out by 5 points while in the boozer!
Could have made Thousands!
It feels like a LOSS.
In fact i lost NOTHING.
The moral of the story is...
YOU WILL MAKE MISTAKES AND HAVE REGRETS. PROTECT YOUR CAPITAL AT ALL TIMES.
Oh, But the beer tasted good!!!!
Bonanza!
THE MOST IMPORTANT piece of knowlege you can research in the FTSE AIM MARKET is knowing now share price moves in relation to funding.
I recommend you carry out research into TIME/VOLUME vs dates of said funding news (before and after). Back test a strategy. YW...