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Timescales, HH? I'm always somewhat amused by the 'extreme traders', who spit blood and bile if they haven't made a "multi-bagger" by 08:29 :)
In some respects I did my learning about markets a long time go when things were different and I'm well aware that in the current economic climate I do well to question how applicable everything learnt in the past is in terms of making future decisions.
In the 80's when it was popular to go "carpet-bagging" building societies, I built my first portfolio of shares in various newly floated banks for no financial outlay, which made making mistakes no less educational but somewhat less expensive. Oddly enough through a tortured and complex route those free shares in my first PEP, or at least the proceeds of various trades on them to end up as unit trust in an ISA were ultimately what I cashed in to buy my various speculative plays in junior explorers including UFO.
A fool can't learn from a wise man but a wise man can learn from a fool. :) i was that impatient young man last year and 12 months taught me time in the market and not timing the market is key. Its easy to look back and see stocks you've missed but hard to look forward and hold with true grit. Ufo is a great test of a man's patience but patience is rewarded!
@Dip666 I doubt silverhorse meat any harm by his comments I just get the impression he is a young and enthusiastic guy with all the self confidence and impatience of youth.
I do find it odd though that when young folk have perhaps sixty or seventy years left ahead of them their timescales and plans are often measured in months, whilst the elderly who may only have a decade or two left ahead of them are happy to plan over several years.... Just one of many oddly irrational things about human behaviour.
silver - there is another way where you can invest in explorers and not have to be so patient and that is when they solidify their potential with good initial drill results etc - but far more costly to secure a sizeable holding - but then you can enjoy a more accelerated pace of growth.
As far as I am concerned as someone who had the either the foresight (or stupidity) to invest when the share price was far lower and risks far higher, one of the perks is a low average that allows me to cash out earlier if I so well choose and easier to ride out volatility. I don't need to answer to any Johnny Come Late types who jumped in on a spike without doing DD and research redely accusing me of selling out.
However like HH, I intend to hold for the long term with the proviso that I see certain scenarios play out along the project timelines. No one answers to you or anyone else when they decide to buy or sell mate so with all respect pipe down a bit with the baseless accusations and let us keep the board respectful :-)
@openthebox - well I can do the irrationally exuberant as well - it was not long ago I put forward a bullish prediction as to how the SP could get to £2 - though admittedly that was in the context of illustrating how hugely variable and potentially unhelpful projections can be dependent upon the assumptions and numbers you feed in to them -not because I was suggesting it was sensible to assume the SP would actually get to £2 in the foreseeable future...
The most accurate way to predict the future is always to wait patiently until it becomes the present.
Refreshing to hear a sense of logic on here HH
@silverhorse - whether the SP is 1.2p , 1.5p, 0.8p or 0.6p is somewhat irrelevant to me in the short term as I'm not chasing a few percent up and down here and there ... I've said before that I first got in at around 0.1p with a long term view (3-5 year minimum and potentially 10+ years if the prevailing macro-economic situation keeps pushing things our way) and have not sold any shares even at the 3p high as I hope that in a few years 3p will be a triviality seen in the rear view mirror.
I admit to being fascinated by other people's day to day psychology and beliefs in terms of what they think will happen when and how quickly they think UFO may take off. However I'll continue to take my pragmatic and cautious view of expecting things to play out more slowly than the prevailing views expressed here... if I'm right then my patience will be justified, if I'm wrong and things happen quickly then it's a pleasant surprise along the way. If this absolutely tanks which seem highly unlikely then I'll not have lost more than I was willing to speculate on an interestingly asymmetric risk.
Come on now who sold out 1.15p/1.20p ? HH - You saw this so many times tell the truth. (am long) We are under 1p now we all agree it will be 3p minimum up to max111`s 9p - same with BIRG book value 9.70 euros trading 4.60euros watch it rocket up
Smaller and PaulQ from lots of reading one thing I’ve learnt has hard as it is is not to get transfixed on the dat to day SP. look into the detail and the future. You know I have a lot in UFO but still believe that there is a much bigger picture down the line . Millers I think you could very well be right in your thoughts. The DSO will grow and the Brockman give even more. I’d JV one probably Brockman and mine Han**** our selves like Fernix. EH is a bonus it anything happens like naps YouTube clips and we can prove it ufo who knows what could happen. I’ll be done for ramping but can someone explain otherwise if it happens. Just got to sit tight.
944T
Same , im not really looking at the price , im invested long term , I will top slice along the way as would be crazy not to but have no fear that an enviable rise is coming and will catch everyone out just like last year's rise.
I agree 10x potential here and if silver eventually goes a lot higher and EH comes along it could be even higher just takes time/development. I am actually more bullish on UFO this week regardless of the price.
@smiller nope had a x4 bag before and then pulled out, but with the amount I know about UFO 10p is achievable imo ... its very exciting to think we are only two years away if not sooner with the right partner from mining this iron ore and making a shed load in the process! Its just what the shareholders and company needs.
paulQ , have you ever had a 10bag before? Hoping this is my 1st of many.
Its a waiting game thats all this is. Put your money here and forget about it until its 10 bagged.
Don't know if anyone has drawn the same conclusion I have, but in the Webinar Bill mentioned that they would like to get a smaller drill rig to get to areas that they aren't able to with the larger vehicle. Following that, in today's interview he mentioned that there were some areas to steep for the drill rig to get to, and thus they had to drill from lower down.
I have drawn a couple of conclusions from this:
1) We will be getting further drilling done on Han**** as and when a smaller drill unit can be obtained.
2) The depth of the iron ore is likely to be deeper than drill results suggested in today's RNS, if they were having to drill lower as they couldn't access steeper bits, perhaps the drill results are missing the ridged section as part of the depth. The iron ore is dominant in formation over the dolerite so makes up the majority of the raised sections. He also mentions most of the high grade material is in the first 25 metres.
Much more to come here, tens of kilometres of BIF ridges across the tenement to drill yet, with pretty promising grades across the board, and easy to extract at shallow depths.
Livestock on both of your comments today you are wrong. Firstly Bill didn’t mention the silver nugget ( thank god lol ) but you say he didn’t tell us anything we didn’t know well that’s also not true no one new what the contents of the second phase drilling and the DSO content which we really good by the way. He also went on to say about the extent of the ridges and possible lengths of the ore body again not disclosed so come on let’s stick to the facts.
What I did find interesting was that they are not prepared to write off Donavan 2 and I think want to prove Capstone wrong.
944T
Yep - he is aware of the sentiment being low so doing what a good CEO should and increasing the comms to help reassure investors.
If he hadn't been interviewed he probably as some say would be getting stick for not promoting UFO enough - unfortunately we have an aggrieved shareholder base at the moment - so we need BIG news to return positive sentiment and going to take time.
I found the last presentation much more useful with the additional content and hope he does them on a regular basis as we move through our project milestones on Han**** and E.Hills :-)
"...to suck in the navi investors"
Brings to mind ten foot tall blue skinned eco-warriors - are such aliens likely to want to invest in a nascent mining company?
Livestock that's not true and you know it. I've been here a year and first time I saw those 3d planned drill targets and various videos so not being being honest . Also all you do is moan about lack of new content and at same time moan when he is getting content and drilling and releasing numbers like today so you cant win with you . Everyone just ignore this guy honestly
I think this was really just an update as he realises some are fretful with capestone walking.
What it does tell me is he must be very confident on the iron ore to have done this today, so its sit on hands and see once the lab has confirms the grades etc, to see if a JV materialises in the following weeks after they have been received.
Gla
Good link to today's interview that you posted livestock. Did you not listen to it? I enjoyed it.
smiller
The last interview the only thing he told us what we didn't already know was expect another placing , the reason he keep bringing up the 145kg nuggets his like the rampers on hear to suck in the navi investors
Give it a rest livestock hes not doing interviews for you . For new potential investors
Bills going to tell us again about the 146kg silver nugget what was found years ago and now is in Perth mint , nothing what UFO is currently doing is going to improve the share price