The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Just looking at the chart Max posted on twitt earlier.. at least we now have a more compelling story as to why this share might eventually get beyond the spike price of last year.. If you believe the narrative of the long bull flag formation resolving to the upside ?
For me I am just happy that the first MRE / JORC was succesful and I am looking forward to multiple resource upgrades along those multi KM ridges.. I would be truly shocked if we dont at least double up to 20Mt...
Good day overall with steady rise.
@Max111 I think you should hold off selling any to chris2 he’s not interested in this share anyway ;) he’ll probably take some off you’re hands when they hit 20p in a couple of years! I think Bill has done a pretty good job to be honest… a few little hiccups maybe but nothing major other than keep us on the right projects where there’s money to be made ! Let’s hope we can turn some projects into some solid cash in the near future and watch that share price shoot up ! Everyone on board
Max that flyover video of Han**** is truly amazing really puts it into perspective.
This is now my favourite chart:
https://twitter.com/MaxUFO8/status/1452191328654217220
Best of luck to those exiting now, but you’re missing out on a lot more upside. This is still undervalued considering confirmed resource, upside potential across all resources, technical analysis and momentum/sentiment… we’ve been waiting for this for a year.
Hi ST, it was Patrick Karim.
He said it will make a 78% retrace move to let the 1 year moving average catch up.
Now the 1 year moving average has caught up and broken out, so party time again :)
The power of Fibonacci!
https://twitter.com/MaxUFO8/status/1418224869611819008
https://youtu.be/RG1rft7kROU?t=186
Be good tacet...i gave you a tick for trying.
Lol
Baron Woffett once said...be greedy when others are needy...it took me two decades before irealised he meant FILL yer ftigging BOOTS
@Haych. I'm in for the long-haul. Before I was contemplating on selling Chris2 some shares at 7p. But now that we have ex-FMG Civil Engineer Lloyd on board aggressively driving it forward on a day-to-day basis, I will be mad to sell any at 7p, when it should go to 20p+ with just Hanc0ck alone.
10Mt x 4 (once they test remaining ridges) = 40Mt.
x$50/tonne = $2bn profit
= over 40p/share.
Then add the other assets.
The reason why the share dropped so much was that people lost faith in Bill.
Bill (ex-Rio Tinto) has proven to pick winning projects and deliver and will continue to delivery with Elizabeth Hill, and the Mexico assets.
The share is an absolutely incredible bargain at this price if you have faith in the management to develop the projects.
Max111 when you say double digits are you looking at the top end 20p you or around the 10p mark ? It’s been a rough few months sitting and waiting being so much down lol, it’s just nice to see a bit of blue when I look at my UFO holding now. Happy days ! Hopefully we get to 2-3p year end and push on strongly from there next year
1.2 proving a difficult barrier for some. I wonder if there are a few who averaged around that (it was in that region quite a while) and have pulled out having recovered their paper losses.
Should be interesting when it eventually clears.
I'm going for a 1.2 finish here and hoping I am way out.
That's was the original idea MrP ..from memory BHP said they would mothball EH until better times but in the interin other silvet projects ie NSW and Queensland took priority. Let it go to Karatha with a future view. IMO Broken Hill could well be one of those sniffing, especially as they stopped work there, leaving most of the infrastructure behind.. never say never!
BHP used to have Brockman deposit, i think in 1960's....
They might want it back now !!!
1.24
The share was trolled to death. Just getting started. Be patient and expect double digits as we go into production within 18months and unlock over US$1bn of high-grade DSO.
1.25p+
Let's see if it holds!
It's getting exciting.
1.19
"1.5 p will do me HH, i'll finally be in profit after 12 months!"
Myself I've been in decent profit for a good while having initially built the bulk of my position as a very speculative gamble when the entire mkt cap was only around £2m, when we're now getting times when we are moving up by that much in a day. Clearly it is no where near as a risky now and the only unknown is how many more times this can multi-bag for me.
Break and hold over 1.2 today?
2p before year out.
Based on nothing but my crystal ball.
Share Talk Tweet
https://twitter.com/*************/status/1452920746762723330
Yes. I think both RIO and BHP received penalties for producing low grades for years.
Surprise surprise....UFO got DSO at higher grades with some as high as 65% Fe and surrounded by these big Majors.
They must be looking at Hanc0ck grades with envy. Our Brockman deposit is many multiples of Hanc0ck.
1.5 p will do me HH, i'll finally be in profit after 12 months!
Well being the cautious type that I am I will say it is too soon to be sure that sentiment for UFO is finally turning, but I'm not sure what more I could be asking of it at the moment ... things aren't going crazy which is good, but the price is rising steadily a little each day. Whilst it is to be expected that this is being met by a lot of selling, the buying outweighs this meaning the price keeps nudging up.
Whilst we'll all want to see really high prices, I think I'll be happy if things can form some sort of new stable base around 1.5p and hold this for a while to truly show it is a new base and not a short term spike, then I'll be happier about moving further up again....
So whilst I've always been optimistic about UFO's long term prospects, perhaps now might just be the time to begin feeling a bit more optimistic about the short term prospects.