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I’m happy to leave it there.
I think you are right that this is a good time to be invested in companies like UFO. Some of them will create value from legacy projects as the world changes. Let’s hope this is one of the winners in the long run.
@StarBright. I'm one of those rampers. I ramped because I think those who buy, and hold when the going gets tough, will make money here.
StarBright, you are full of it. You know where the share price is going as we enter a financial crisis due to the unlimited QE and you want a lower entry.
Shall we chat about this somewhere else instead of clogging this board.
delayed trades 22m compared to 55m yesterday and 78m the day before so the churn is reducing which is good
I think we will have a good day tomorrow
There, ive said it lol
I believe you when you say you are a long-term investor. And I believe that you are well-intentioned.
The traders were here last week. All your breathless posts about 8p targets, “last chance to board the train”, “to da moon”, “going parabolic immediately, hold tight astronauts”, “ whoever fell off the bull needs to jump back on quick or will be left behind“ etc may have helped them complete their heist by sucking in new investors to fuel the spike they were selling into.
Whether it was your intention or not, you helped promote this share to newbies at exactly the same point the sharks were in the water. Those who listened won’t thank you.
@Starbright: Noted
And also you owe me .65p x 2 million shares. I will accept a cheque.
StarBright, you are a trader trying to manipulate shareholders so you can skim the money. Pure and simple.
That's your life.
I am a long-term investor.
I really don't want to waste my time with you.
Max - people can look at your UFO post history, which contains plenty of good stuff but WAY too much ramping and exhortations to investors. They can also look at my few posts on UFO which started with me admitting to getting suckered in to adding whilst the ramp was on last week, and progressed through me raising my eyebrows about the rubbish being posted about order filling, late trades and TR1’s.
I’m still invested and I hope we can both do well from UFO in the future. But give the ramping a rest will you?
When the caravan comes around again , I’m sure they’ll have new profiles
StarBright, I've been on this board for the past 3 month and all I can say is, I saw you coming. GL
There were one or two hyperventilating here over the last two days. Got me thinking...
I did. As I said when I posted, an incautious trade that now sits at a loss to remind me of my mistake. I should have known better given my background.
But I didn’t devote post after breathless post here to roaring on the SP and sucked-in new investors while the heist was taking place. I haven’t spent the last couple of days coming up with more and more far-fetched explanations as to why the price dropping is a good thing and investors should hold if not buy more.
Readers of this board will form their own conclusions.
StarBright, I thought you said, "I added 20% to my holding late last week".
Very interesting.
Perfect, thank you TKIA!
I can’t help but think that even with the dilution involved of a JV there’s at least £120m there to add to our market cap, and I would suspect a fair bit more in reality.
Fingers crossed for some positive results there, could definitely do with a consolation bit of news!
EWT - FYI they are 9% shareholders in ufo competed in march 2020
Alien Metals (LSE: UFO), the minerals exploration and development company, is pleased to advise that it has completed a joint venture agreement ("JVA") with Windfield Metals Pty Ltd ("Windfield"), following its previously notified decision to exercise its option to acquire a 51% interest in the Han**** Ranges and Brockman Iron Ore Projects in Pilbara, Western Australia (see announcement dated 19 November 2019) (together the "Projects").
Projects Overview
The Han**** Ranges and Brockman Iron Ore Projects highlight the potential for high-grade direct shipping ore ("DSO") based on independent laboratory analysis of 17 rock chip samples taken from both tenements, per announcement on 12 November 2019 and a review of historical data.
Han**** Ranges Iron Ore Project
The Han**** Ranges Iron Ore Project is on-strike to Brockman Mining's Sirius Deposit which has a JORC inferred and indicated mineral resource estimate dated December 2014 (Brockman Mining ASX Announcement 1 December 2014) of 124 million tonnes grading 60.32% iron ("Fe"). It contains one of four historic drill holes that returned 126 metres grading 60.28% Fe from surface (Hole 14SERC004), as reported by Volta Mining Ltd ("Volta") in 2014. The surface results taken from an approximate four kilometre outcropping on strike mineralised ridge in the north west of the project area returned assay results of up to 68.7% Fe, again as reported by Volta in 2013.
Brockman Iron Ore Project
The Brockman Iron Ore Project contains part of the historic BHP 20 deposit, with surface sample grades averaging 62% Fe. The tenement geology is dominated by the Brockman Iron Formation, which hosts nearby commercial operations and remains underexplored for iron mineralisation, despite being held by numerous companies over a long period of time. The tenement is adjacent to Fortescue Metals and Rio Tinto tenements.
Assay Results
Since announcing the proposed acquisition in September 2019, the Company has undertaken a range of desktop and field studies of the Projects. This included a site visit in November 2019 which highlighted the high-grade DSO potential of both the Projects. Key assay results returned from the site visit included:
o Sirius Extension: 64.2% Fe
o Kalgan prospect: 63.9% Fe
o BHP 20 prospect: 60.3% Fe
o BHP 19 prospect: 65.4% Fe
High-grade iron ore (or 60%+ Fe) is highly sought after by steel mills as it reduces energy cost, increases efficiency and overall, reduces costs of production.
Technical Director of Alien Metals, Bill Brodie Good, commented that:
"Following the site visit in November last year, which highlighted the high-grade nature of the mineralisation at both projects, the Company is in the process of planning follow-up field exploration during the winter months in Western Australia to develop the already identified priority targets.
Reformatted.
Reg looked at all the L2 data from today. As of 10 mins ago this is the output.
22/10/2020 . Share Volume .Value GBP 'No Trades
Buys .115,003,085 . 1,409,044 ' 923
Sells '123,038,269 . 1,570,302 .694
Unknown ' 3,330,479 .57,103 . 21
3p was overvalued, but I think where we are now we are slightly undervalued, I believe our true SP should be somewhere around the 2p mark. I do expect us to remain around here for now, as sentiment has clearly left the stock and so much of SP in AIM seems to be sentiment, but IMO we will see the SP hover somewhere in this region until next week with iron ore results.
I do however think those results will be a potentially massive turning point for us if they do find an estimated 74m tonnes + and especially huge if it goes near 200m tonnes. Of course we only control 51% of that - not sure who owns the other 49% at the minute? But that is a hell of a lot of value in iron ore (even lower estimates are in the billions).
Does anyone know roughly what cost iron ore extraction comes in at per metric ton, or what we could expect here?
i think we all know new posters who have been here since last wednesday and have not posted today....
I will leave that with you
Research and patience and invest
Once the churn is settled this will start to climb back again and supported with news
The story is to good not to
Reg looked at all the L2 data from today. As of 10 mins ago this is the output.
22/10/2020 Share Volume Value GBP No Trades
Buys 115,003,085 1,409,044 923
Sells 123,038,269 1,570,302 694
Unknown 3,330,479 57,103 21
I think you are looking in the wrong place (or more accurately at the wrong point in time) for skulduggery.
The PI’s who have been posting here about their losses (and they will be the tip of the iceberg) were actually mugged last week while the price was rising. Their pockets were picked by experts operating under cover of the noise made by the well-intentioned crowd here and elsewhere. It’s just that they’ve only arrived home and discovered their wallets are missing today. The evidence is the sheer volume of shares traded Wed/Thu/Fri last week, about 1/3rd of the shares in issue changed hands mostly at 2p+. This was the point at which new investors wealth was re-purposed.
The price has fallen not because of elaborate chicanery by MM’s and hungry (if unseen) II’s hell bent on securing material stakes at bargain prices. It has fallen because there are many more sellers than buyers at 2p and above. Possibly at 1p and above - we don’t know yet.
I do not expect the promised TR1’s to appear. If any do, they will likely be for sales not purchases. I will be happy to be proved wrong!
Nothing new to see here...
Max,
The most i can dummy sell is 500k
I think the mm's simply have lots of shares to sell on at the moment and until they are cleared we will trade in this pattern
Earlier at 1.75p the most i could sell was 100k
imho
It either means a sudden 1p or below or there is more upside to come and the whales are preparing.
Will be interested to see the amount traded yesterday- off book- that will show up after close today.
I personally believe that their is more upside to come.
Multiple sells have gone through as buys. You can rely on the prints here watch lvl 2 it will give you a better idea. Big sell prints will appear at the end of the trading session
This is really bugging me.
Hopefully we will find out soon.
UPDATE JFI:-
Despite the news more have been bought, than sold.
# Trades 1,547
Vol. Sold 53,153,488
Sold Value £850.46k
Vol. Bought 58,711,581
Bought Value £939.39k