Our live Investing Matters Podcast Special which took place at the Master Investor Show discussing 'How undervalued is the UK stock market?', has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
hi cj, your post is showing a lack of respect for those to whom the land truly belongs, can't change history and australia is what it is now. money rules the world and plenty of greed and corruption and power plays amongst some of those who control the land too of course i imagine, human nature is ugly.
as for issues at ufo, not all are related to progress or lack thereof with the projects as permitting issues, funding challenges in general are bau - but the manner of how the company and projects have been run - this won't automatically go away with a mining lease. the roi will likely be less than it could have been when han**** hopefully gets into production.
the company in it's current form is not advisable as a long term investment play imo, they certainly need to consider jv's ceding majority control over other options to develop and operate assets as likely based on the last few years, they would be incapable of leading exploration, development and production.
while i easily tolerate sp volatility in aim juniors and in general even losses in speculative investments as it is a numbers game- i have a very low tolerance to poor management by so called professionals - and we've seen plenty here. upside still worthwhile if we see proper focus and negotiation skills, but you'll need to see milestones start being met to attract real attention again.
re-rates are not universal and guaranteed to be of some specific percentage or to match the presumed intrinsic value inherent in any project - rather they are contingent on many different factors.
It looks like the bottom has been hit imo…got money when they need it. Just need the big boys to publicly show support.
Max111 still manages to reach new levels of delusion. Incredible.
Iron Ore prices rise on optimistic China data
https://twitter.com/Directors Talk/status/1770031966437662975
Well, despite a little volatility along the way our share price has been in steady decline for a few years now where it is easy to plot a general trend line.
For better or worse that trend line hits zero towards the end of this year, which kind of hints that something has to give before then to break the trend... Am I suggesting we will be bust and cease to exist by then as some have suggested ... No, although it is not an impossibility. I am however suggesting that the current rate of decline can't continue in to 2025 such that having set 2025 as my first date to review UFO's performance, I expect to be looking at a company that in one way or another is different to what we've experienced for the last few years.
Truth is a lot of people got stopped out during the drop on Friday when they should have been buying. Weak hands & dead wood cut out. Sounds harsh, but necessary for creating a huge uptrend. Only hardcore shareholders left now & no placing churn.
This means SP is only going to go up with Mining Lease coming soon. This will re-rate aggressively now the brakes are off.
Bottom is in.
Lots of people here now kicking themselves they didn't buy back in or top up at the bottom like Dickie with yesterday's +17.39% rise.
Don't be upset. Still early days. This will be back above 0.20p very soon and will keep moving up en route to production.
You are out of order there CJ Morley......it was and still is the Indiginous people's land. Never forget that.
Life support
We are not on lide support yet.
We urgently need DMIRS to give permission. Then all the nay sayers will sudenly tell us thay always had faith etc..
To be fair to the BOD, who have handled things badly., The delay in approval has been soley down to the Aus. Govmt. giving ludicrous power to indiginous land owners. It took a referendum last Oct. to get decisions back with the grown ups.
Hey Wents.. to be fair I was a big supporter of this company for years.. but at some point you have to acknowledge you are just plain wrong.. since 2022 the company have just failed to get anything done.. they have faffed about re-writing investor presentations whilst we have been battling the likes of Chris2 on here.. always trying to see the bright side.. always defending the company from the doubters..
The league doesnt lie as they say.. and UFO are rock bottom in the relegation zone.. with very little prospect of getting out of it..
Its such a shame.. we are not dead yet.. but on life support.. we need a proper CEO and some proper deals and fast or its curtains
MAXimum nonsense.
I think Cyprus would call you negative Norm,you gotta laugh 😃
Sorry to see this slowly going down the pan and a lot of money has been lost by a lot of people. More warning have been given many times with this company's actions mirroring other AIM bandits from the past. You can all see what is going to happen I did say about a year ago the management were going to sell off the assets and fill their pockets while you the PI are slowly drained of your hard earned cash. Take the loss move on and take the lesson.
@Crypto .. I know that AIM is risky and explorers especially so .. but yet i really thought that UFO might just get things off the ground.. but alas UFO goes the same way as most of the others in this market..
The frustration here is that the assets are really good.. the opportunity here to be get it off the ground like Fenix was there.. the Cash would have propelled us into another level all together.. a true AIM shooting star.. the stuff of legends..
the level of competence from the management has been shocking.. its so frustrating sitting on the side lines watching it all go wrong in slow motion.. when really it just needed a go getter to push it over the line..
Such a small project at Hanc0ck.. its unforgivable
Max again the delusional thoughts until we get clearance and get taking out of the ground the silver and iron ore prices are almost worthless.
Iron ore extends gains on positive China data, growing spot liquidity
https://www.nasdaq.com/articles/iron-ore-extends-gains-on-positive-china-data-growing-spot-liquidity
Great post Norm, sums the last 2.5 years up nicely, I don't know your position or you personally but it sounds very similiar to mine. I invested in 2020/21 on the back of the JV and Silver potential at EH and ( Greenland) that was touted around but like everything UFO touches came to nothing!
I've held share,averaged down at times and to be brutally honest have spent more than I should with this lifestyle company. If / when UFO goes bust it will not effect my life or my retirement in the slightest but it makes my blood boil the way UFO have operated in the last 2 years.
It's verging on fraud and almost criminal the way PI's have been misled, I've said it before and I'll say it again, the moment the BOD realised the value of iron ore in the ground they had no intentions of ever mining it. The goal since that point has been to prove up the asset using our money, drive the company into the dust and offload the iron ore.
The BOD aren't in talks with anybody about a JV, we are in such a position of weakness we have nothing to leverage in a negotiation and the big players know it. We can't raise funds to mine and we are running out of money, it's just a question of when we fold. The BOD know this and they will make sure they are well looked after,we will get nothing.
We fundamentally got away from our core business, prove ground and JV it off, I mentioned previously that we had a very binary choice, proceed with EH or Iron ore. We chose the latter and it was the wrong decision, iron ore prices are in decline and silver is rising. We should have drilled EH further and got on with dewatering the mine, we could have JV the asset, starting producing some revenue and then made a decision on hanc##k.
We had the chance to make some money, the BOD have blown it and both assets will be offloaded for peanuts. Its pointless me selling at these levels,I now get a front row seat to watch this company cease to exist in the next 12 months, I do not think we will be here in 2025, thanks UFO.
Way to go Norm and don’t hold back on what you really think!
@"Large shareholder" norm. You said lets not "resort to silly sarcastic names".
Why do you want to mine silver sub $25/oz when you can mine DSO at surface with 1:1 Strip Ratio and no beneficiation?
However, silver will soon break out and Elizabeth Hill will be JV'd.
Same with Munni Munni which has an in situ value of US£2.7bn which is open at depth & along strike.
All going ahead now with Hanc0ck along the lines of the Development Study.
You said you will assess your invest in 2025. Check back here once Mining Lease announced + JV.
Until then, maybe take up some Yoga. ATB.
No i,m not negative Cyprus JUST REALISTIC with no agenda ,unlike others.
I am a shareholder and when you read Norms post below, you will see the reality, but i will admit i am holding on for the dream.
we know what the rns says max (paid ramper - non shareholder) .. on 9th december 2021 there was an rns that proclaimed eh was to re-open.. queue the trumpets and ribbons.. then some headframes appear (appearing to show eh? ) . then nothing.. radio silence
its march 2024 2.5 years on nothing.. no news.. no de-watering news just more meaningless side comments about deals and possible conversations with some unknown parties..
we have been in talks with prospective "entities" for years .. its bull**** the only thing to ever result in a jv deal was capstone.. who soon f**ked off when they realised there was nothing but dust at the bottom of a the hole in mexico.
how's your research on this ? this company has broken all of its promises, it has continually failed to meet objectives given its own timescales and we have been through so many management people i have lost count..
yet here you are still peddling.. whilst i have lost my **** at seeing it all go up in smoke... hmmm yet you call me a trader blah blah blah.. when i have clearly stated that my unrealised profits amounted to a huge amount of money.. for which i only blame myself for not taking those profits.. and yes it makes me angry.. because i am a real person with real shares.. thats why max !!
you have witnessed a 95%+ decline in the sp peak to trough.. yet you continue to promote like the sp has gone the other way... fan boy of every failed manager / ceo of every interview.
whatever you think max.. ufo have failed this past 18 months and its has destroyed the company and damaged its prospects in a big way. the sp has reverted to the pre 2020 mean but with 6billion+ shares. the begging bowl is out to the only people willing to keep the lights on, probably so they can snap up the assets for f**k all .. right under all our noses..
my only conclusion is that you are part of this in some way.. a sock puppet..
i will continue to hold but my opinion is that the game is up here and the value we could have had has been destroyed due to the delays over the past 2 years.
sad to say but c2 / myavian were right all along..
So Wents, you get your jollies from slggn other researchers, but have fk all but negativity yourself, doubt you are invested., like the other sad trolls.
ATB LTH's.
So a ariel view should verify the statement from this large shareholder, I like how you put the large shareholders statement and then the Rns statement.
An ariel view should show activity.
Yes but what you did not know Norm ,was the latest tweet,said that Bill had hired a electric pump from the local hardware store.
@ "Large shareholder" Norm. Do some research.
Elizabeth Hill:
"Alien has erected headframes over both existing shafts and has purchased necessary equipment for dewatering, camp construction and mine re-opening"
Last RNS:
"Considering various longer-term financing options, including continued discussions with strategic partners regarding offtake funding, debt, and equity project funding in connection with the Hanc0ck Project and the Pinderi Hills PGM, silver and base metals project; and
Actively exploring the potential for the sale or joint venture of non-core assets providing further funding for the Company."
"Rob's in-depth knowledge of Western Australia, and in particular the Munni Munni platinum group metals and Elizabeth Hills Silver projects will be invaluable as the Company examines options to unlock the value of the projects."
Hanc0ck:
"It is our objective to unlock the value of the Hanc0ck iron ore project, where we have recently received positive interest from potential joint venture partners following the results of the Development Study."
Silver + PGMs are commodities that smart money is now sniffing around for. Ask Rick Rule ;)