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Silver options expiration ended yesterday. Normally the price of silver is held down for options expiration.
Therefore, we should head back to $25 and upwards very soon. Now is the time to load up on silver.
UFO gives you very high-leverage on the price of silver since and we are the best junior silver play on AIM with 3 confirmed high-grade silver projects.
Just as i say max we both know.
UFO gives you very high-leverage on the price of silver since and we are the best junior silver play on AIM with 3 confirmed high-grade silver projects. ????
Max can you give us the figures for this please g/tonne and mine life etc please ?? interested to know how much confirmed this is and exactly what we are sitting on Ag wise
MrSipp,
Please read RNS 16/09/20:
Field work confirms high grade Silver at San Celso and Los Campos Silver projects
Elizabeth Hill = Ave over 2000g/ton silver. The largest nugget found in Australia ever was at EH = 180kg!!
DYOR
Max thanks for reply and ive seen all that info in past but thats just a guide its not results and it could well be concentrated in small areas to anywhere near those stats its a bit like the ramp for the JV deal and we are going to the moon these are not solid facts or figures and while we hold here its a gamble that the reality could be fantastic or a big let down. FACT
Silver will be going to new highs without much doubt in the next 6/18 months and precious metals has been a daily factor in my life since 2009 and have total belief holding of Au or Ag in physical or mining shares will do you very well.
MrSipp:
RNS 16th Sep 2020 Titled: Field work confirms high grade Silver at San Celso and Los Campos Silver projects, Mexico and
Strike length of Silver mineralisation extended through acquisition.
San Celso (Silver):
The new assay results support the historic sampling with sample suite SC066 returning composite 0.9m at 477 g/t Ag (including sample SC066B that returned 950 g/t Ag from a 30 cm channel sample) compared to the 2006 sample result of 0.5m at 422 g/t Ag, while sample suite SC062 returned composite 1.4m at 225 g/t Ag compared to the 2006 sample results of 1.6m at 335 g/t Ag. The samples were taken as close to the originals as possible and confirm to Alien the high grade and economic widths of the Las Christinitas vein.
Los Campos (Silver):
Further surface sampling and review work was carried out in the central southern area of the project, along the surface from historical workings. This returned some further excellent results associated with the main north-west/south-east trending workings, with a maximum result of 361 g/t Ag.
Yesterdays RNS 26th October 2020:
IBK Capital have commenced marketing process for the Company's San Celso and Los Campos silver projects in Mexico
As you said yourself yesterday:
"i only want 4 to 6p and ill bail out with great profit :)"
Wtaf has happened today, why the 10 % drop?
And today's low was 1.25, I mean I'm shocked, how has this managed to drop another 10% on no news and to think we were at 2.2 2 days ago
2.8 seems further away every second..
I cannot wait for this carnival of short sellers to close their shorts and leave.
This is getting very annoying!!
DYOR!
Rees are you new to AIM? You are acting surprised it dropped on no news.
Yes, unfortunately, how unlucky I am.
And to think that the same day I was in 1k profit, as it reached 3.2, and now I'm 5k in the hole ffs
Well I'm fairly new, only investment in aim was the novacyt rocket, just that even a 50% retrace must be a bit strange even for aim
Keep the faith, most sectors are pulling back, the whole economy is sliding, silver and gold are pulling back. Most miners are falling today it seems, MTL is experiencing their pullback from their rapid gains over the past few days - it happens to all companies. I didn’t expect it to fall this far, or to see a drop in PM’s like this, but it does make sense considering everything else that is going on. I’m sure you’ll feel more positive by December
Look at Fibonnaci retracements - it’s not uncommon to see large % pullbacks after the rises we have seen. The bigger the rise, the bigger the pullback
If someone had told me a month ago this share would be where it is now I would have been ecstatic, it feels dissapointing because we hit 3p+, and of course you entered at a higher number but the jumps I’m sure will come periodically and you will be in here for the next one - fortune favours the brave ;)
On day's like this, it's best to just let the MM's feck around and just not pay attention.
Worst thing you can do is sell on a stupid spread, jump into something else and get screwed on the spread again.
Rees,
Look at the chart from last months. The general trend is undeniably ‘up’. On Sunday I made a prediction that SP would hit 1-1.2p based on lower trade volumes after the hyped up spike before the JV announcement. Of course the zealots here went mad (sellers dried up, warrants churned and more newspeak, blablabla)
I have sold above 2p and I am patiently building a new holding during this expected cooldown. The ramping squad here will make it look like a crime and keep posting RNS like people can’t look it up themselves, but it’s what any person with 2 brain cells would do. Don’t worry. A few more days or weeks and the cycle will restart. Next time you will know what to do.
Kind words for Rees, which is nice to see as on another BB they'd have ripped him to shreds. I too came in what seems to be late @2p. I'll honestly to say I was in it for +25% and then off but clearly I'm going to have to wait as well. My Plan is mullered for now.
Sorry Rees, but there's always someone worse off than you...In my case ol' chap it is indeed you. Not that I revel in this fact at all.
So stay strong ad ride it out.
In order of preference: Wait for the US Elections results (Hopefully NOT Trump); let any warrants to be sold off and get chewed up and then with luck a good RNS. A RNS would be best posted after the above to maximise its effect (assuming of course it's good news).
You feel bad,
I bought at an average of 2.19p =3.3m shares £42k down as we speak ,but in here for 12 months at least so hopefully will be massively up
Markets are really bad at present.
I am hoping on an RNS before, being a safe haven can be a good thing.
Markets are going to be very volatile over the next period and we could well be taken down with everything else.The main rise will come after this purge believe me
Indeed, people are going to be buying for safety for next couple of months, if not longer. Aren't gonna just leave the money sitting in their banks or share dealing accounts.
Commodities and miners for the win.
Although it looks awful on paper as long as you can see the long picture here your be fine
I agree entirely Steve. I am currently in several junior miners although UFO are my largest holding. Notwithstanding the deflationary effects of a global covid induced recession there is also the inflationary effect of government stimuli . This must be good for Precious Metals.