Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
CPR! Stephen, as you affectionately refer to him, has been talking about an updated CPR for years now! SS withholds information that could have a negative impact on the SP, HH2-z water ingress being the latest, a CPR threatens to reveal a lower quantity of proven and recoverable reserves so he is no rush to shoot himself in the foot.
I sat tight but the fall over the last few days has dented my paper profits / gains. I came close to selling when I saw the rate at which the sp was dropping at one point but even my limited experience told me not to panic. Let’s see what next week brings.
"And if that company goes bust SYME has the stock to sell to its competitors?"
No, SYME doesn't own the stock. SYME effectively gets a bank or other lender to take ownership of the stock and issue a loan to the value of the stock , less a 15% deposit, to the original owner. SYME take a service fee for arranging this.
SYME would not have sufficient working capital to buy the stock and if they did they would be taking on huge risk; that is not the business model.
Some nice late trades reported, on of them particularly sizeable.
Time Trade Prc Volume Buy/Sell Value
18-Aug-20 17:24:35 315.954. 8,558 Buy* 27.04k
18-Aug-20 17:21:17 316.30 20,149 Buy* 63.73k
18-Aug-20 17:49:13 318.45 67,590 Buy* 215.24k
18-Aug-20 17:48:07 324.888. 26,161 Buy* 84.99k
Hopefully a good indicator of strong buying pressure and a return to blue days tomorrow.
If you want to remind yourself of the opportunity here just look at the RNS from 23rd March:
“As at the date of Admission, EUR972 million of prospective contracts have been originated.”
The rate of contract growth here is huge!
Kicked myself for watching NCYT, AVCT plus others rocket recently thinking I’ve missed the big rise. Was about to buy in here this morning but my lad distracted me and in the meantime the sp started falling back after the rise at the start of the day. Now sat waiting for 0.67 or for the sp to turn and then I’m in. Having been stung in the past timing and resisting FOMO is everything no matter how late you are to the party
and managing FOMO
My daughter just came and asked if she could spend £90 online for some new clothes 12 items for £90! I immediately asked if she had looked at BooHoo but she said no it was a brand called Pretty Little Thing; that’s ok with me I said.
That’s the value of influencers; she’s seen PLT on Instagram and now she wants to shop there. A month ago she’d never heard of the brand!
Perhaps “ markets” would be a mire encompassing term. This share does stall (sometimes) when the market goes flat but on the rise it motors and on many occasions it has risen significantly against a backdrop of a fall In the wider market.
I don’t believe for one minute that UKOG and SS are going to be anywhere near as successful as the big oil companies when it comes to striking oil. I’d be confident that the percentage success rate is skewed towards the bigger players and the chance of failure for UKOG is high as history demonstrates. Sadly for each failure there is a need to raise more funds to keep the lights on. This is no more than a punt now and I wouldn’t risk big money here.