Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Hi Max - il follow the progress and take my own view on it. At this point we are still in the dark on Hamersley. This was due end of Feb. Each day that passes just adds to the frustration. Then Bill turns up on camera with the opportunity to sell the comp at and update us and he looks like a tomato who has just come from sitting in a beer garden. Yeah - you are right as my views have changed of late as things like yesterday really aggravate me. I’m invested here. Things change - you can repeat the same messages over and over but the market speaks for itself.
Wolfy81 with regards to your comments its been there 20 years and none of the big boys found it. Let me remind you of GGP and Haverion both Rio and Newcrest had drilled that area previously and not found what GGP did which is probably the largest gold find in Australia for a decade so yes they do miss things. With regards to your sea of red comment I think you need to look again and you will see that some of the sells are actually buys seeing that the purchase price is higher than the bid price also 30 trades in total in not what I'd actually call a sea of red.
944T
I find it interesting when someone switches from being very positive to then coming on this BB every day being very negative as the fundaments keep improving. Quite telling.
There was someone on this BB called "earache" I read about that did the same.
The previous owners of EH considered doing a scoping study in 2011 when silver spiked, but were in a poor financial position and did not proceed as price of silver then dropped.
Previously, only certain areas of the underground deposit were mined.
Under 100m is untested.
The surface, top 50m was not mined, and yet we know there is significant resource sitting there.
EH and the surrounding area is very under explored.
With regards to selling, a lot of the buys show as sell since they are at the mid of the bid-ask spread.
I guess you missed the 5M premium buy yesterday.
petej247, UFO is an exploration company and any revenue is a bonus. Exploration companies do not have to generate cash to increase value - they generally consume cash. The value comes from proven assets. We have to be patient and consider what Hammersley and the Donoval 2 JV would be worth with good results, then later increasing value from EH, San Celso and Los Campos silver.
Wolfy81, I think you are not considering the silver price as the main reason nobody was interested since the financial crisis. It needs to be at least $20 before anyone would even look at silver.
I have to agree with the views presentation of information. Perhaps it is because we are all hoping for the next RNS disclosing a partnership with and extraction / shipping firm, but the reality is that the timeline presented shows a lot looking / drilling / thinking and no marketing / shipping / selling. The share price will go up on value created by contracts with revenue attached, the presentations fall very short in "selling" where the company is in terms of actually being able to create some income, rather than spend it on looking- hence why the SP is where it is. I'm full of hope and quite well into UFO in terms of holdings, just taking a cold shower on it all.
I agree the PR is awful and that could be one responsibility of the new exploration manager being hired, which would leave Bill to do the high level strategy, planning and negotiating deals.
The grades must be so high that it’s been sitting there for 20 years doing nothing and all the big miners must not of known about it. May be of interest in years to come and wish you luck there but I personally am not holding out for that. I did attend the webinar as probably did the all the people who are selling there shares today I can see 1 buy of 500 shares among the sea of red. Paints a confident picture after a presentation. And Alien/Bill follow up with a 1 minute little video about what they do on Twitter. Just terrible PR
Wolfy81, If you attended the webinar then you should have picked up that EH could be higher grade than we think and that only drilling the existing core would verify that. During historic mining there was no clear information about the extracted ore, and the tailings smaples could give further clues.
Prospector - I’m not ‘investing’ here I am invested here and have been for a little while now. I’ve made a good profit thus far. Go back to and watch Bills presentation and see what he says about the EH. He is raving on about how much silver we have neither is the Broker research note just on this board. I personally will consider leaving when I get a better understanding of Hamersley. At this point it would have been a successful investment for me. As for bitcoin it hasn’t been mentioned by me at any point so irrelevant comment
ALIEN METALS (@AlienMetals) tweeted at 10:00 AM on Wed, Apr 21, 2021:
Alien Metals is a #mining exploration and development company with a focus on precious and base metal #commodities. Alien is building a strong portfolio of diversified assets, providing exposure to #ironore, #copper, #silver and #gold. $UFO https://t.co/OpxjxG15TQ
(https://twitter.com/AlienMetals/status/1384794248134987776?s=03)
For my last post on the matter. I think Putun will take the Ukraine, and soon. Russia is about two years off where it would like to be regarding production of its modern weapons arsenal, but Ukraine will become a member of NATO well within that time. I have a few quid in AMC and EUA and am a bit concerned about them. As for UFO? - all and everything to do with silver, and gold, should fly to the moon!
GLA
Wolfy81, why are you even buying shares here if that's your view. It's clear you have no understanding of the assets in play here. The Elizabeth Hill mine has over 3 moz silver remaining that we know of, and 20 new targets nearby. Of course EH is small in terms of silver mines, but if you add that to any tailings to get an initial boost, it's a good start and represents income for the company and lots of exploration upside potential. On a much larger scale, look at San Celso and Los Campos (+ Andromeda extension) silver. Then you have the Donovan 2 JV, which if results are good will be a game changer for UFO. All that on top of the Hammersley iron ore. I think you would be better off investing in #Bitcoin.
Good luck smiller each to there own
Wolfy this isnt new . Folk came here for silver and stayed for iron and copper . Like I said I am here for DSO , copper and perhaps in 2 years the silver price will be >50 and we start to produce something then will add gd value
@Barrett. I'm with you. World events should overtake individual company situations over the next few months. Hyperinflation will do its work for us. $40 dollar per ounce silver is where our short-term share price bonanza will come from.
GLA
UFO is not really a silver play anymore. It attracts silver investors who then go on to find out that we really are going to become a iron ore / copper gold company.
The silver really is a side show now in terms of the possible value from the other projects.
Not yet smiller - as mentioned numerous times I’m waiting on Hamersley as there may be value tied up there that could help sp. read the broker research note - it may not be the most accurate but it’s clear where our value lies. There’s no talk on there of silver to the moon rubbish. It’s a few million at most
Wolfy take it your off then . Goodluck with other investments . UFO isnt for you
This hasn’t been mined since 2000. Since then there have been drill holes north and south of the mine with where silver was not economically viable to mine. An Australian dealer went in the mine in 1999 to collect samples of which numerous large ones were found. These are collector items rather than for meting down. Boring Bill eluded to this in yesterday’s bore fest that the large findings were more valuable to stay as they are rather than being melted. Apparently there are other samples there but this is not mining and no one else has touched the site other than to do more drill holes. An interesting mine but no value for me. Silver prices being quoted are for dreamworld we don’t have any silver and are no where near getting any. Hamersley is where the main value is in the company. Without that this is a dud/Bills payroll along with his other mates he’s soon to employ so he has a four ball at golf keep his tan topped up
The next expected RNS is for iron ore, not silver. Althought you can't rule out some permit news arriving in the near term.
When results are received from the lab, time is needed to analyse data and plan the next steps.
Am I missing something??why would there be rns isnt this 25000 everyone is mentioning a historical figure from when it was mined in past?? Or did I miss something in webinar I never heard him say we have found this
Maybe the RNS is delayed due to covid and bad weather.
All jokes aside we will have our day when the positive, mind blowing RNS lands
I thought announcements such as 25,000 g/t were legally obliged to be announced via RNS first.