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I wonder if consolidation might occur at some point? I understand that there's an argument that, say, 50p as an sp gives much more credibility to a stock in the markets than 5p, let alone 0.50p. Even though, of course, in essence nothing has changed. The value of our holdings remains exactly the same. I say "I understand" because it is not me who is advocating this, it's just an argument I have heard in the past, and I have held penny shares where this has happened.
I think, cj, that the nuance is different. I'm not sure that panic is the right interpretation of people's feelings. It would be if the daily drop was 25% not, as you say, actually quite small in itself. I think the clue is in Wents' thread title - Relentless. Rather than panicking, I think folk on here are just resigned. This is how life is with this share. And until substantive news arrives, it will continue to be. Wents is correct in that, in the meantime, the bottom is hard to judge. If the news does not arrive before Christmas, sub-0.10 could be seen, perhaps.
Exactly, HH, it's the 'critical path' that I have alluded to once or twice. Goodness, that takes me back to about 1972, and tedious evenings at 'night school' learning about 'Critical Path Analysis' and other mind-numbing topics. With the benefit of hindsight , I wish I'd been an art historian or a horticulturist.
I'm not convinced that achievement of Native Title Agreement is going to have the spectacular effect on sp that others suggest. I may be wrong - and indeed I hope I am - but I do not have the conviction. I think this is all going to be much more a case of a slow burn.
No, smiller, I'll tell you what is "bloody tiresome". It's to be branded a "non-investor" if we ever dare to question why whoever is the current CEO is not a million times more worthy of adulation than Jesus Christ.
That's exactly why I agree with 5x5, smiller. It would enhance Max's credibility and respect no end if, just for once, he could admit to being fallible. But no-one, seemingly, is allowed to question anything he says. If they ever do, then they are branded "non-investors".
HH, you have just reminded me of one of the most bizarre incidents of my lengthy life. When, at a party, I found myself making up a team at charades with a Roman Catholic Monsignor and a winner of the Nobel Peace Prize.
Well then that's a supreme example of Heads we win, Tails you lose. Because if anyone puts their head above the parapet and suggests that even one iota of what Max tells us could possibly, just might, be a teeny-weeny bit off beam, then they are lambasted as as non-invested deramper.
Cj, I am not unhappy with UFO, and I have no intention of selling up. I am merely asking why, if on 24 January Max could definitely inform us that IT IS WITH (my caps) the Native Title Lawyer FOR COMPLETION (again my caps), then why has it not been completed? Or was Max not right on 24 January?
What is quite difficult to square is how Max tells us today
"What do you think caused the delay in Native Title? Answer = Aboriginal Cultural Heritage Act 2021 which came into effect 1st July 2023. Now fully repealed about 3 weeks ago. So things should speed up".
When on 24 January he told us
"It's with the Native Title Lawyer for completion".
Hopefully someone has now bought that woman a new pen and she can, seven months later, indeed complete it.
Dickie, you and I are in exactly the same boat. And many has been the time that I have agreed with statements of yours over the months. So I am a bit hurt by your aggressive remarks today. Why on earth I should want to be a "troll" and make my astronomical loss even worse I cannot imagine.
Dickie, if you read my post carefully, you will see that I am not expressing an opinion. I am recording the facts that we have each of us experienced over the past months. From when, for example, we were told that surely 0.80 "must be the bottom". All I have said is that many of us are, by now, pessimistic to the point of utter gloom about this, as we see good news after good news incapable of halting the slide.
Many of us on here are 90% or more down on our investment. So I cannot imagine why we are expected to be eternally cheerful.
There's a dreadful feeling of inevitability about this sp. Like a self-fulfilling prophecy. Not long ago we thought it was fantasy to believe that we'd sink from the 0.40s into the 0.30s. Now I am beginning to wonder if 0.05 is actually possible?