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If it’s going to take 3 years for you to be in profit as some on here are agreeing with then what’s the urgency?
Watching the shares price every 30 seconds won’t make it go up any faster.
No need to post hundreds of messages. That won’t make it go up either.
If you are in it for the long haul then sit back and relax.
There are of course some on here that aren’t invested ,me included.
I just admit to it unlike others.
Oh go away you sad little man.
944T
Most of the LTH are In Profit already.
I haven’t scrolled back far, but I can’t see anyone agreeing that it will take years for some to be in profit here. Mullet said the time horizon is long for explorers - I assume to get into production and realise value of assets more fully. Smiller reckoned a year or two to the teens - more than 4x what anyone here would have bought for (unless they’re around from pre-UFO days.
I think the factor that many aren’t taking into account is that you won’t necessarily have to wait as long as some are saying to go parabolic, if metals begin to really fly then all miners and explorers will take off too as people position themselves for exposure to the industry. Look back around 2010-2011 on many juniors, I very much doubt we are looking at a time frame of years for this to re-take its recent highs of around 3p, especially if metal prices move the way we expect them to.
I personally think there is a big difference between being willing to invest long term to see the high share prices inherent in going in to production, and assuming the share price will do nothing at all before then. Long term growth based upon good fundamentals may be easier to model and predict than short term volatility dues to fickle sentiment, where, as has already been mentioned , many LTH holders are already considerably up. Nevertheless you become a better investor by trying to understand what influences that fickle sentiment and how that in turn moves the share price.
As for comments from certain individuals on this board, it never hurts to hear a contrary opinion or have someone play Devil's advocate, otherwise this space just becomes an echo chamber of confirmation bias. However the fact that comments have to become needlessly personal and intentionally confrontational or accusatory is a sad reflection on all involved.
If anybody believes that arguing with strangers on the internet is a productive use of their time, then they have the right to hold that opinion... I'm not going to be the one that tries to change their mind!
If you wait too long you miss the train. I bought GGP years ago for a similar
price UFO is today. A few determined pessimists thought I was stupid to invest.
GGP climbed to almost 40 and retraced to below 20 recently. At that point a gang
of derampers carried on talking rubbish but investors bought and GGP looks good again.
One of the best shares on AIM.
Agree mapp - Have a few GGP 21p - I like this share better lots of upside end of year target 9p
I get squeezed out easily and wait and watch. I sold all my GGPs at
a good profit and loaded up again below 20. GGP is another explorer
with potential. Investment is about getting in early when the crowd is in
doubt. Investors create wealth, derampers are wealth destruction thugs.
I have no doubt this will come very good - but i do like to ask questions - Looking at greenland with all the ice/snow would i be right in saying it would be more expensive to drill then hot country like Australia, Another point there seems to be alot of iron org where UFO is! A company called ironbak is beside us and has a deal with china
mapp, silverhorse. I topped-up a little here a few days ago whilst buying a few shares in GGP and EUA. Not that I want to ramp GGP but I, like you, think that I got my timing right.
As for UFO? It looks like the "real" news has started to flow!
GLA
Hi, forrestgump - Very true - i only pick winners i was drilling into this company for months before i bought in