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Geng firstly can I apologise for my reply to you. It was a possible over reaction because of the amount of knockers how we have on here knocking the company or the CEO. After reading some of you previous posts and graphs I am excited to see you onboard and look forward to your posts. Welcome on board.
Just listened to the interview, impressive. 'Getting on with it',' exciting times', 'lots in the pipeline'. Bills doing the business. So for all you naysayers here, Bezant's the share for you, share price stagnant, placing every couple of months, you'll love it. ATB LTH.
Geng, I am the Sheriff of AIM who is an investor and concerned about standards. Investors contribute and shorts destroy. For shorts the market is just a toy while many investors buy in good faith and need support. All the best. Success.
Shortsellers are on my hitlist. They sell before they express their negative view hoping that investors will sell . Then an avalanche knocks the price and the shorts buy back. That is cunning . Thieving is too strong. Sorry. Welcome to the journey up . Good Luck to all investors.
Thanks all for the comments, I don't really care about fundamentals but its good to judge sentiment or news. However I've bought a few £k's worth as a starter because the chart looks just like it's positively diverging and there is support on the 0.236 retrace. Lets see what happens:- https://invst.ly/u003x
mapp: Just FYI some corrections for you:- 1 The boards are for anyone to use but since I'm now an investor I guess that's now fine with you. 2 I think you meant THIEF - which I'm not as I paid for my shares. 3 Who are you to tell me to leave?
My final point, is that if we sign any JVs this year, we will get a cash payment. This will reduce the need for a placing.
Also DSO Iron Ore is the easiest thing to mine, so will be the first to generate a cash flow in future. Eg Atlas Iron set up their first mine in a matter of months after drilling: 5min-7mins - https://www.youtube.com/watch?v=xFE1lAPh0g4
Also Turner Pope are not factoring in silver making a big move this year. In fact on the 2nd paragraph they actually said, “silver price could finish the year below its current level.”
IMO silver will make big move this year as the Democratic Blue Wave and Biden administration keep spending with Janet Yellen as Treasury Secretary and Jay Powell at the Fed. If silver makes a big move, the junior silver miners will go ballistic and so will UFO since it’s the best junior silver play on LSE.
We are currently well funded with over £4M in the bank. But in Q3, or Q4, there will probably be another placing to make a low-cost early-stage exploration acquisition to add to our portfolio of assets, so we can repeat our strategy of bringing them up the value curve an JV them. Lots of JV’s to sign up this year with our 7 projects so far.
Plus they are using a very aggressive 80% discount factor for Hamersley. For Elizabeth Hill they are using a 60% discount factor. Hamersley’s discount factor will be reduced once we get all the drill results.
No disrespect Max but the amount of time you and others spend on here is unbelievable, i wonder what your normal life entails. But anyway you have been saying that this is going move sharply after xmas, it is now March and you have done your research, what part of after xmas dont i understand. I believe it will come good but a long way down the line yet and i dont rule out another share placing.
Turner Pope’s upside valuation make UFO’s projects worth up to double, but in fact it should be up to triple since they should have used what they stated as the high case tonnes of 245M of Iron Ore (not 150). Therefore: 245,000,000 x 0.5 Fe = 122,500,000 x£8/t = £980,000,000 x0.2 (to discount 80%) = £196,000,000 x0.51 (our share – 49% Windfield) = £99,960,000 The upside value of Hamersley is considerably higher than what they have entered of £61.2M. This means there is much more potential.
The SOTP Upside Valuation of UFO should be £121,660,000 not £82.9M. This makes it worth up to triple, not double!
No a very good point, its not what some on here want to hear , but that,s reality. The share price is heading under 01.00 (decimal point in correct place) and the spread is realistic at the moment. We know that news is coming that Max keeps harping on about, but most of this news is already factored into the share price and News that will move the share price, hopefully a JV is a while away. So i would describe this as a firework, but with a very long fuse, i just hope that the powder is kept dry by Mmmmm Bill
They have put a minimum downside valuation of £41.5M and the current Mkt Cap is £37M. Therefore, UFO is undervalued. TP have also been extremely conservative on their valuation. Eg they have only factored in 5M tonnes of Iron Ore for the downside valuation at Hamersley Hanc ock Ranges. IMO the Kalgan target itself at Hanc ock is going to big deposit. For Elizabeth Hill, they have only factored in 1M oz of silver for the downside valuation when RNS 2/2/21 stated that it has a JORC compliant resource completed by Lana Ltd in 1999 for 4.05M oz silver and only 1M oz was mined. Under 100m is still untested. High potential for secondary or third mineralised systems along strike from the discovered ore body. The old tailings also contain significant amounts of silver. For Donovan 2 they are only factoring in the transaction value of the deal with Capstone for the downside valuation and are not factoring any potential copper resource. For San Celso they are only factoring 1M oz silver for the downside valuation, but we know that along with the Nueva Adromeda Permit we just purchased, it has a high-grade silver strike length of 3km! For Los Campos they are only factoring 1M oz silver for the downside valuation when we know it has pretty much the same system as Endevour Silver’s system. They have absolutely nothing factored in for our Munni Munni North Tenement which has lab certified positive soil samples for “nickel (Ni), platinum group elements (PGEs), copper (Cu), gold (Au) and silver (Ag).” Also RNS 14/12/20 said it hosts at least two significant mineral deposits.