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Best option if you press trigger to often or uming and arring, don't look at share price until Saturday mornings only, we know this is only going one direction from now on, don't fall for MM games...
Guys, the RNS last week was a game changer. If this bounce back to .80p then for short time imo.
This is the start of an upward trend for the best prospects. I cant see .8p again unless external disaster and the whole market falls. Hzm ufo xtract all fit the bill and all will double or treble next year.
I think we might break 1p, but I'm not convinced it will hold. I could see a return to the 80s.
But my view has always been long term and in that I have much confidence.
The problem with AIM is how folk get greedy and bored quickly. I'd actually be quite happy with another drop as I may add.
If folk want to play with this share a little longer I'm happy with that. It's not until the end of next year that I'm having a proper review.
I think talk of 2p is plausible, 3p soon needs some imagination. 10p is a little silly.
Not that I'd be worried about being wrong....
Some excellent posts & contributions over the weekend by many.
We almost took 1p on Friday and hit 0.975 before weekend profit takers took beer money.
1p next week is no brainer. 1.25- 1.30 coming.
Next target would be 1.50
Then 2p + .......etc.
Elizabeth Hill - 1st batch Assay results are due.
FOMO will kick in even more. Been buying past week to accumulate as many of these while price is still low. Wont stay low for too long.
This is a "Multi-bagger" and we know it.
Hanc0ck
Brockman
Elizabeth Hill
All company makers. Sentiment turned positive.
Watch volumes next week. ATB.
MP
Hi BB - 3p wasn't justified last time mate, I didn't agree with that or the 10p by xmas 2020 predictions mate, most of those predicting these soon disappeared too.
Hopefully people keep their feet on ground this time as the sector sentiment and silver price for instance still not optimal so we may struggle to achieve what we feel is the 'true value'. We'll hopefully be starting production on a standalone Fenix type operation in 18 months so I'm holding firm for that.
As Bill said, great indicative results on E.Hill too through XRF that should be reflected in some very interesting maiden drill results that could suggest a larger silver resource and evidence of a poly metallic halo around it - that should also help pick up interest again in UFO.
Hopefully during 2022 we get some additional exploration success that results in a JV on EH and/or Hammersley tenements and get the resource and experience of a major to help push production potential across the Oz projects, again, regardless it seems as if a standalone iron ore operation in 18 months is looking very feasible from the initial scoping study.
Brockman may provide even higher grade DSO yet too, go through the presentation - plenty of potentially very positive growth catalysts ahead :-)
I agree BB , the 3p mark will be a little uneasy for LTHs however a great thing is foresight which we have a lot of. We held to 3p and back because we believed in the fundamentals and they have only gotten stronger.
We need to assess what a worthy market cap is for UFO with the news as it currently stands. I estimate about a 250m market cap as a minimum once we start producing and firming up more resources. So that is around the 6p mark. To be at 3p before then is relevant and fair.
Remember the MMs and big fish don't want to make us rich over night. We have all been patient and people have lost money here who haven't been as patient as us. We will reap the rewards as ufo is only going to grow and we are on the fastest track possible to growth with the iron.
By the time we come to sell i estimate iron ore sitting at above 150 a tonne. Dso fetched a premium aswell remember
@DRB83, IMO we will be properly re-rated next week over 1p as the market actually starts to believe we will unlock and monetise the over US$1bn worth of iron ore within 18 months with the the following team:
- Bill = Ex-Rio Tinto.
- Lloyd Edmunds = Ex-FMG Civil engineer Constructing mines for FMG and $1billion iron ore port project etc etc. All he has to do is build a little road!
- Jo Battershill = Experienced Mining Executive. Graduated as a geologist. Career spans over 25 years in global mining, business development and finance.
Yes Polinvest. News will spread. Let the market digest & appreciate all the news :)
Well, I also have impression that UFO plans are overlooked by the market. Hope news will spread over the weekend. I think we will break 1p on Monday. The potential is unbelievable high at the moment. Best share for 2022 IMO.
To be honest, 3p will be squeaky bum time for me and many others who got spiked last year. I've been lucky enough to average far below those dizzy heights and will be in paper profit next week, no doubt.
Should I stay or should I go?
(Good question Mike).
I wish to hang in until double digits but I do not want to be caught out again, although this time I believe we've proved up so much, I don't think it's too much of a concern.
I can envisage an SP which could actually allow me to retire. That's how serious and convinced I am about UFO. There's simply too many positives not to think this way and I'm prepared to throw even more funds at this.
We need to establish some rules. Does it have to take out and hold above 1p.
To be honest I've not done topping up so happy for this to drop back down until December. Then it can shoot up to the stars for me. We are all comfortable that the long term trajectory is north north east from here.
With you on that one Max. Hopefully PaulQ will get to the surface.
IMO we will easily take out 1p next week.
Then we continue our ride back up to 3p then to double digits as we progress (obviously with ups & downs along the way).
Those that don't believe we will take out 1p next week, please put your name below for the record. Many thanks.