AIM Shares - Quick Lesson :)27 Sep 2023 11:10
2 - 3 weeks ago, when I said I was waiting for the 5p - 6p trading range, some said NEVER! But here we are :)
Well most AIM shares are just soo risky....yeah yeah we all know that. We all say we know but we are sometimes just reckless in our fantasy :) :)
With many of these AIM companies, there is no Income generated and there are no tangible assets, yet they are valued in £millions obviously in the hope that there will be a "discovery" and then BOOM! Even if there is a discovery, there are still so many unknowns. The fact that many are going to be selling into any rise will make the share behave in an unconventional fashion, basically it will be driven mostly by FOMO because no one would have time to put a realistic value on the "discovery". Afterall there is no established asset yet and no annual income to do a rate of return calculation.
STOP blaimng the MMs for keeping it down, the directors for not providing a running commentary or other posters in the chat room for their honest opinion. We have taken a punt and lets hope we get rewarded, even though many do not give a toss about helium :)
DYOR and GLA