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You've been able to buy at lower than the placing price for much of the past 2 months...
At the AGM Bill said the placing was strategically the right thing to do. I believe he will be proven to be right in due course.
Bill has big plans for UFO which obviously requires funds.
Bill said the placing , "Gives opportunity to everyone to develop and grow.
We can drill 1 more meter and dig anther trench. Doesn’t want to cut corners. Proper drilling and do metallurgy.
Now have funds to advance rapidly for all our projects.
We are in an incredibly strong position."
Most importantly he said, "Wants everyone including all the smaller individual investors to benefit from the placing.”
It's a great opportunity to buy in or add before the news flow, below the price the non-exec director just paid @1.25p.
PROtraders gain and investors are the fodder on AIM.
MMs are aware and do not care.
Hi Alan-by-sea yes once some additional resources are firmed up and numbers given to us investors the bigger boys will pile in at these levels as the more news flow the more de risked we are and a sure bet. This period of consolidation has gone on for too long and from March to October will see a period of growth we will all be happy with as Long term holds imo
I'm not exactly unbiased because I hold quite a chunk (over 2m) and not far two-thirds of my AIM holdings by value are here and have been for some time. Tthe infamous KOD and little-known gem BRD are the other two.
It may not last for long, but I can't help noticing this morning that due to other holders' impatience and the normal movements of the silver price (rather than any bad news!) you can buy price-matched to the last institutional fundraising at 1.10p, or in small quantities probably a fraction less.
I'm sure that a few of you at the time - like me - felt grieved at being locked out of the fund-raising at 1.10p but now (for hopefully only a short time) you have a chance to rectify that at what it hopefully a resistance level as the big boys and girls protect their own investment in UFO and mop up small weaker holdings. Buying on the next good RNS is actually more risky as with such high visibility the professionals will have changed their positions within 30 seconds.
Morning Miller that’s A fantastic video well worth watching.
944T
@bishopbasher if you use security guarding for any of your estates please do let me know as I run a successful manned guarding company! Would be good to connect
Testicles to property, far too much work for me. Lovely to think you’ve got somebody else paying the mortgage but I know of too many people that have had nightmare tenants. Renovation is a good blag, but would tie up far more cash than I’d like and frankly I can’t be bothered with it. I’d much rather fire a few bob in Bill’s direction and he can graft for me. He’s a good chap, he does that kind of thing.
Did Amsterdam years ago; great when you’re a kid, but the rest of Holland is so much nicer when you’re past your twenties. I’ll never get the smell of disinfectant from the alleys out of my mind...nor some of the sights! ;)
Trouble finding the front door, missed work . LMAO....
Think Islandgirl is doing some baking for the trip.......
https://www.youtube.com/watch?v=em7rDSQHhDU
Nite
I’m currently practising for the event. Large portion of “black tar” which should help me sleep. Last time though I had trouble finding the front door so stayed off work!
Unlike SHOUSTON I’m also in property but in the management of estates etc. The job is a piece of wee wee except for the lessees and sub tenants.
smiller, I'm thinking 8p too. Just a guess.
Cohan,
UFO came onto my radar in August.
Prior to March 23rd I never invested in stocks -only property. After putting significant amounts into the FT250 -TPK- i grew in confidence that shares are a great way to enhance your wealth, and no difficult tenants to look after.
The ticker UFO kept appearing on the biggest riser list. I did my research and liked the fact they had potentially an awful lot of IO. I took the plunge during the October spike, and have now averaged down.
This board, and Max in particular, gave me more access to knowledge I would never have known.
Now Max is a silver bug - big time- I could not, at the time, understand his passion and thought he was a bid mad just focusing on Silver assets. But via those comments, I looked back at all of the major global crisis, and mapped out the response of Gold and silver prices.
It can be seen that following each global down turn, the price of PMs drop, but when they return they return with a bang and rarely go back to a price level before the global down turn .
I am at the stage in life, where I am offloading some older bricks and mortar to reinvest in newer buildings requiring less maintenance. In the meantime I get enjoyment out of investing in AIM companies.
As others have said, at times this BB has been hard work. Maybe I have over reacted to some posters who don't seem to get it.
UFO seems to be a well managed company, with great medium to long term growth. It's at a relatively early stage but with news flow about to be constant, this in my view will go far, how far I don't know, but much further than we are now.
Enjoy the evening, and may you prosper with with Alien Metals.
Oh, and keep in with, the Bishop, he may invite you to Amsterdam....
Chin-Chin
944 stop being jealous!
Yes indeed we having words as I thought Max was being overly ramptastic (new word you heard it first here) but upon rereading his post and information he unselfishly provided I changed my mind. It was also the Season of Goodwill and all that so the timing was good. I really don’t mind having a Barney with any one (except the current wife) so long as it it factual but hey in the heat of the moment punch em out! However at 58 I really think I need to calm down as directed by some judge a good few years ago.
Anyways buff said as we’ve always got Casa & Chris2 to sort out!!!
cohan . If we progress DSO projects this year and get a JV by the end of the year my prediction is SP of 8-10p. If in the background donavan does well with capstone and we progress some EH then could be 10-15p , you can quote me lol
Cohan its coming
@napthman yes totally get what you mean. It’s a full time job to participate with arguments/opinions on the chats these days. I’m sure we will all make a decent bit of profit in our time with UFO
GLa
Cohan max wasnt the most at one stage and there was a lot of input from several. But then it became a daily battle, and a few have given up including myself and join in now and again. Hats of to you Max mate
I understand that nobody can predict the future but it’s just interesting to compare other guesstimations with my own. I realise it’s all ifs and buts, let’s face it we all have a figure in our head for future potential when investing in a share.
With max being the most common poster on UFO with some good sources of information I was just curious as to what his figure would be. But I understand not sharing with others as a lot of people hold it against you if you quote 4p in 3 months then in 3 months it’s only 2.3p for example.
I feel confident that my stake will make a nice profit over the next 3-4 months then I will re-assess whether to top slice or hold for the ultimate.
GLA
Well with the graph I’ve been looking at within a few days I think silver will break $30 (spike)
Fingers crossed
IMO
makes me laugh that max is so famous he has his own subject thread. Max posts two things on here. 1) Links to others opinions and RNS facts 90% of the time . 2) 10% maybe his opinion that we 'going to moon' . All of which is above board and respected by 99% people here. Max has nothing to do with your finances chris , your tricks wont work here with the LTH.
Totally agree Forrest.
I bought in here without ever having been on a BB before. I still have shares I bought at sub 0.1p and I'm not remotely tempted to sell yet (or at 3p!)
Who knows what the time scale is. I bought at 0.75 on 21/9, sold at 2.25 on 16/10 - pretty good return for 3 or so weeks. Buying more this time and prepared to wait for a return on results. Greed and Euphoria , on GGP in Dec, stopped people from taking a huge profit, wish I'd taken more, but at least I have some profit banked and now on a free ride. Greed is the worst.
Chris. Can you tell us why you have it in for our Max? I mean, does he manage your portfolio and has somehow let you down? It's just that we are all invested in UFO for our own reasons and, I for one, haven't been influenced in the slightest by what anyone else has had to say about the company. I'm my own man. Are you?
I completely agree Chris, 3-5 years seems an appropriate length of time for a decent return. Then again, it’s an exploration company, so if anyone expects things to happen quickly they’re going to be sorely disappointed.