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We are the market... Just like when you complain about being stuck in a traffic jam. You are the traffic jam.
Talking of jam... Acquiring and Holding.
You only live once. Stop whining people.
is this just because you sold out at 1.2p and not 3.5p, are you bitter chris2?? no friends?? need attention? its one or all of the three? IMO
OMG Christopher - follow the market is it now....... not sure whether to mock you or feel sorry for you.
wents. Nothing wrong with bumbling geologists. As I posted earlier, Mike Moles of Kav is one and he seems to have done a pretty good job so far. However, the proof of the mining pudding is in the diamond drill bit.
The team are doing a great job hunting the beds!
Looks like we will exceed our high-case tonnes target (as Turner Pope previously suggested due to several kilometres of BIF being discovered). With Han**** we’ve covered not even 30% of the tenement area! Bill said today, "We believe there is great potential for a huge amount more of the high-grade material."
Hamersley's upside valuation with 90% interest:
245,000,000 x 0.5 Fe = 122,500,000
x£8/t = £980,000,000
x0.4 (to discount 60%, not 80%) = £392,000,000
x0.902 (UFO share) = £353,584,000
= 9.75p/share
Then reduce the aggressive 60% discount factor and hopefully add JV or Contract Mining.
Chris2. Pots and kettles certainly spring to mind. "The likes of ..... just utter the same old thing like a broken record." Sound familiar? Try getting this comment banned my friend.
ATB, FG
Chris, you keep following the market it's probably why you got spiked lol your salty!
wake up and smell the coffee....
I’ve said all along wentsland
The likes of Max just utter the same old thing like a broken record.
The enthusiasm is meant for enticing newbies to purchase except it isn’t working.
It’s the market you need to follow and the market has no interest in UFO.
I posted previously, in 2018 when Fe was $70, Atlas was paid about £10 per ton for sale of the patch. On todays prices that would be nearer £30 per ton in ground price.
https://www.australianmining.com.au/news/han****-raises-takeover-offer-for-increased-stake-in-atlas-iron/
Wents you could say that with any 100bagger company historically go under radar for along time and some institutions wont ge allowed to allocate to AIM or exploring high risk company regardless of how sound they are relatively .
Max i love your fag packet calculations and your enthusiasm, but why doesn't the market which looks ahead at possible future earnings etc and has a lot more experience than you,no disrespect, see what you are seeing. Mmmmmmm
Let's be honest we know it and Bill knows that we are on to a winner with the DSO,thats why so much effort is going into it as you can tell. why go mad about Mexico at the moment when in Bill's words they are fully funded for the drilling there when permits arrive so no big deal even if its until the end of the year.Don't forget we have EH and Munni Munni so there is an enormous amount of ground to cover until then and the MRE a top priority for Bill to deliver.
Wolfy, I understand your frustration I really do but it would be self-conflicting for Bill to say you know what let's slap the whole of Mexico in the bottom drawer for now and put all our eggs in one basket, not sure how the market would react to that and as he said he isnt that that type of guy!
let the aliens crack on and give it some time as Bill said to build an operation like Fenix did it certainly doesn't happen overnight.
Max the SP speaks volumes but thanks for the update
AIM is a game. Insiders gain and Muppet investors
go down the drain on dodgy AIM.
I'm surprised you say that about Bill when he has made the right strategic decisions at every turn.
We were due to spend all the money on drilling Donovan2 ourselves, but Bill let Capstone take on all the risk. Capstone paid for all drilling and even made cash payments to UFO. We now get all of that data for free which the geologist in Mexico is now working on to better target the high grade areas.
Did he make the wrong choice?
As technical director he helped pick:
Hamersley = winner.
Elizabeth Hill = soon to be winner.
Munni Munni = IMO will be winner with the 3.5km PGE strike!
Nueva Andromeda permit = winner.
Tailings Project = samples prove ave recovery of 91.9% of ave 472g/t silver.
And with regards to fundraising, we have funds for drilling, but not for mining. This is what he was saying.
If becoming a DSO producer gives maximum return for shareholders, then I am all for using contract mining company such as https://www.maca.net.au/
Currently our DSO in the ground is only currently worth £1.6/tonne:
1 tonne of our iron ore deposit (which has grade range 50-63% Fe) x0.5 Fe = 0.5 tonne
x£8/t = £4/tonne
x0.4 (to discount 60%, not 80% as previously stated) = £1.6/tonne
DSO contractor mining = over $100 (£70)/tonne profit!!!
= Incredible upside.
What would you choose? £1.6/tonne or £70/tonne?!!
Nothing wrong with some dilution, for a better outcome. Gin without Tonic to dilute - unpleasant. Think we have enough to deal with the Fe & the Ag for now.
For a ceo he does not appear to have a end game, he,s just a typical geologist bumbling through life without a care, he would prefer to have that lump of silver ,( the one mentioned yet again) on his mantlepiece and just admire it, where a good CEO would flog it for the highest price to get money for the company.
A ceo should be deal making ,from the presentation he does not sound to convincing.
Max jokes aside and Naffman/joke
I would of liked an update today on the permits - Bill has infuriated me with his no answer or the question policy.
Hamersley I agree will make money - but today we find out it’s looking likely another raise to support it and that dosnt necessarily mean it will make money at the end of it. Bill
Is a terrible CEO and I believe it will come to show. Every time I hear his presentations I feel worse. It’s just my opinion
I won’t invest in them Max - they lose bidding wars to Alien metals
Wolfy, do yourself a favour and don't invest in exploration. Invest in Rio or BHP etc. You will be happier.
But I really don't know why you are complaining if you say you have held for over 12 months!
Naffman I have made a note of your point tho so thanks...’must remember stock prices go up and down’ done - cheers
Naffman this year we are down on the SP - fact.
Now do you want to club together and we can buy Bill some rock but is has to be from the beach I haven’t got any money I invested in Alien and still waiting for a return
UFO reminds me of UKOG
It hast not just moved down tho has it sheep boy, maybe if you were really invested would know that
So after reading Bill's response to EWT, he doesn't seem to care about the Capstone deal blowing up. Strange, because as far as I know they are the only potential JV partner he was able to secure in 10 months. 'it's all good...'. A optimistic way to interpret this, is that he is now finalizing another partnership that we will learn about soon. Patience, as always?