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HH I’ve said it for 12 months now.
The excitable over exuberance of some of the posters on here tells me they are not very experienced almost child like and lead others to have unrealistic expectations.
That is why many are disappointed.
The share price is doing exactly what it should be doing for such a junior miner with a few holes in the ground.
HappyHaddock your views are welcome by me.
@napth - everyone is entitled to form their own opinions, if expressing cautious views over a year in which sentiment in the sector has been poor and prices have been steadily falling is something you consider unwise, then you have the right to your own views and short term optimism.
I merely find it curious that you attack anybody that expresses a cautious view and by default you fall back to trying to undermine the poster rather than challenge the content of their posts.
I've said before that long term I'm positive about UFO's prospects and happy to keep waiting for evidence of a wider change in sentiment. It's just that over the last year I've read countless wildly unrealistic short term predictions of huge gains that made no sense to me in the face of the negative sentiment and which all failed to come to fruition on account of that negative sentiment.
If people have compounded big losses through buying high and averaging down into a falling market and are now in over their heads, frightened and looking to this board for a morale boost and short term reassurance then I understand my caution won't be good for their mood, but investing shouldn't be an emotional thing. Long term I'm as optimistic as any here. If I wasn't I would have sold out and been long gone when the price was at 3p and I could have left with a x30 bagger.
Fenix have the same size resource as Alien. Fenix own a 100% of their tenement and have an Mcap of £55m. Fenix completed the prefeasibility study in November 2019 and there capex to start mining was was $11.5m. According to my calculations Alien is probably worth a little over 1p. Have no idea where these 2,3 or either 7p predictions are coming from. Can anyone inform me?
Silver the most unknowalgable poster ive ever seen backing hh up says it all. Silver you have not done hh any favours there
I got a hunch this will move up around 0.95 this week - Alot of positive going on in the background here
HH is very very knowledgeable maybe to much! Going forward in the world iron ore and silver is the game to be in - I question gold
Well said max111 - Bill did say he will update the market again about han**** - I feel alot more comfortable holding this stock then GGP probably the upside thing and my gut instinct never fails me!
Hh a large number of us have been watching you for a while, and making a note, looking into Your posting history on every share will let anyone make their own mind up.
Whoever bought 7.5M shares at 0.86p (10% over ask at the time when the metals were getting pummelled and the metals bulls were hiding under a rock) is expecting a decent rise.
I have been getting quotes to sell 5M shares in one go all week (which is rare).
Looking forward to finding out what they are discovering at Elizabeth Hill with the next lot of XRF results.
GLA Aliens.
You expect more than 2/3p?
@ napth - I know you instinctively dismiss everything I say as de-ramping, although I am at a loss to see what about my last post you object to. However if you don't like the way I phrased my point let me simply copy and paste the way UFO themselves phrased the point in their own RNS.
"To be considered a Mineral Reserve, modifying factors must be applied to the Mineral Resource estimate as part of the preparation of a prefeasibility study (PFS) or a feasibility study (FS). The estimated amount of saleable material contained in the final product must demonstrate a positive Net Present Value (NPV) using an appropriate discount rate and must demonstrate that eventual extraction could be reasonably justified."
Well if it was 2-3p then sell if it was over 2-3 years. More like that over the next 3-12 months
Whats the target here the Next 2 or 3 years? 2p .. more? Ath 2.8/3p? Some speaking about more if mcap goes 40/50 million. Im still holding
Riskier nearly always has a possible better upside dip
I love UFO silver but as Nap says this at the present is the riskier buy - but also more likely to give us more percentage gains due to this.
UFO I am hoping by EOY 2021 have maiden EH results and then in 2022 more exploration to hopefully expand the silver and find new PGE mineralisation zones as per Bill's theory. On Hammersley projects we move through expanding resource/reserve estimates and feasibility stages during 2022 towards production in 2023 at some point via standalone or perhaps a JV.
GGP soon to have a PFS and MRE update by EOY 2021 for Havieron and then DFS in 2022 and hopefully decline also hits the ore body next year. Juri JV seems promising and perhaps the new information in regards to nickel will enable better success with pinpointing mineralisation at scallywag too to give us some exploration upside there too. enxt year.
Very positive on both :-)
“My underlying point is that when, not "if", UFO confirms more valuable finds and can show progress towards them creating a revenue stream by whatever means the word will get out extremely quickly. One RNS, one press release, one interview would be all it takes to get people's attention, stimulate interest and hopefully a stampede to buy shares for which there would be an underlying value on the balance sheet and the income statement”
Istie shout so the people in the back can hear you!
Silver you have no knowledge, ufo is the riskier buy out if the two. Go do some research on the sector
Thats the thing Turbo for sure, I did my buying all at low entry points with both GGP and UFO, generally always do this for explorers as even the best are so volatile, once I find one I like, I just build an early position so it is easier for me to be patient. You can see how quiet the GGP board is now as well - interest has waned in most explorers for now but at some point we'll see a continuation of the PM bull run IMO and a real run on miners just as in the past. God knows exactly when though lol
Not sure about ASX and TSX listings as both are strong mining jurisdictions so we'll be competing against a lot of strong contenders for investor money and from what I've seen their listed explorers are just as volatile, I watch a few out of interest in reading about their progress etc. to learn more about mining and also some GGP nearology plays like Antipa, Artemis to see how they fare as success bodes well for a district scale theory etc.
The share price is holding firm now - there will be another update before x mas so likely over 1p then - EH news more great news - Good hold. GGP was a risky buy never buy on a tip
Turbo but as we have this low sentiment, tells me we are about to turn
Good morning Smiller
My underlying point is that when, not "if", UFO confirms more valuable finds and can show progress towards them creating a revenue stream by whatever means the word will get out extremely quickly. One RNS, one press release, one interview would be all it takes to get people's attention, stimulate interest and hopefully a stampede to buy shares for which there would be an underlying value on the balance sheet and the income statement.
A totally free service.
The only time PR might be of benefit would be if the company wanted to issue more shares and wanted to create interest in them but as shareholders here already we may not want that as it would dilute our interests. And, from what I have seen there has been no problem in investors taking up warrants etc. So, would PR really be of benefit?
I am not anti PR. I just feel that in the right circumstances it is the right route to follow.
Good to have a discussion.
Istie
Naps perhaps it’s me just having a bad day lol been here to long now to just let go just frustrating. Dipp yep agree with GGP also painful but still well above where I brought in and once the MRE gets revised it will change they also may have gold production by the end of the year.
944T
2021 has been painful for the likes of GGP and EUA too, it's not just us continuing to deliver good news but not see SP growth, so I am less concerned than if say silver was at 50 USD and the sector was buzzing, complete opposite at the minute and also some investors concerns growing in fears (whether justified or not) of market correction/bear market scenarios.
Happy to hold into 2022 with the amount of exposure I have presently and wait for the right market corrections to start attracting investors back to explorers, by then we should have even more evidence around the prospectivity of our Oz tenements and I also feel top level jurisdictions will be of more importance than ever in the years ahead, as they are set up to support ESG requirements which are growing increasingly important to attract investment and also will matter more in terms of where companies using the products are sourcing their supply from, as they too will need to advertise their green credentials in relation to supply chains to attract investment and good consumer PR such as major jewellery chains etc.
Turbo you of all posters should know its just the sector, once the sector turns around with results coming in this will fly