If you would like to ask our webinar guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I need to see a bad RNS before I sell. Haven't seen one for 3 years (apart from placings which is what AIM is for).
My mate's mate told me via a phone call that UFO is cr"p doesn't trump the RNS method of communication.
I'm no expert
Hope so - I'm a member of the 10 million club now - only money
GLA
....AND funding is underway...
Too many naysayers will be caught on the hop when licence news artived. Which must be not far away now?
@ chris2
"Thr difference is HH is that I have been right"
You have consistantly told us that UFO will go bust.
As far as I and the rest of the world can see, they remain functional and solvent.
Thr difference is HH is that I have been right and Max111 has never been right.
Thats a massive difference.
@Chris 2 - "So you don't think my warnings, predictions, red flags mean anything over the last 2 years?"
... on the contrary, I too have spent the last three years advising caution, pointing out that this is a sector noted for uncertainty, delays, losses and failures. Most of all I have advised folk to be wary of any who claim with absolute certainty to know what our future holds as there are no guarantees here; that you should not risk more than you can afford to lose.
Yourself and Max111 both typify polemic extremes where neither will acknowledge even the remote possibility of something other than their own opinion playing out.
Max might still be right, as might you, in terms of probability I'd say the odds were more in your favour than Max's, however I believe you are both wrong to present the outcome as a foregone and inevitable conclusion.
As I've said before, when I take a small speculative position in a junior explorer I mentally write it off as an immediate 100% loss, then just give it lots of time to see if I get lucky; basically the same way I treat a lottery ticket, though hopefully one where prior research and understanding can skew the odds a little more favourably than that of winning the lottery. If I'm right maybe once out of ten punts, then such are the gains I'd hope to cover my losses on the other nine. If I lose all ten times then so be it... I don't see any of this as investing, its gambling with small change.
@CHris2 we have all read your musings over the past few years except when I had enough and filtered you for a while.. but youve got lucky mate... you are not the oracle you think you are.. you have no idea what you are talking about just like the rest of us on here.. The Haddock is correct.. both sides of the same coin you and Max.. he is just as delluded in his own EGO as you are..
I admit that I got UFO really BADLY wrong.. I had a huge opportunity to take money off the table.. but I got greedy and have watched large paper profits evaporate like death by a thousand cuts ..
I misread the markets at the time in 2020.. But i count myself more fortunate than most on here as I bought in low.. but in some ways it makes it much harder as i had so much profit on offer..
Not that i take advice from BB's but Max has proved to be by far the most dangerous..
HH. So you dont think my warnings,predictions,red flags mean anything over the last 2 years?
If you think that then I dont know why you bother to read
any messages because you have lost all your profits.
Well HH
I have to agree with your statement
Space cadets 🙏🏻
Lyndon
Yeah bit of doom and gloom now, clutching at straws with the promises for July (from Alwyn) HOWEVER, if Silver does happen to rally to 30+ I say lets ride the f*** out of that with EH, get back up to 1p And then us old timers (not AGE) can at least claw back some of the paper loss. I think this is may new pathetic strategy while clinging onto the mining permissions.
Haha but then again when/IF that does land, my mentality may change and get all giddy with excitement ... :/
Might the situation be that neither Max111 nor Chris2 actually know what the future holds. That both are arguing their polemic positions for reasons of ego and pride, as neither have the courage to admit we don't know how things will play out.
That despite some great potential in our assets, our future will be determined by the things we still don't know, not the few things we think we do know.
Different personalities will view unknowns as either an opportunity or a risk, where there's an awful lot of both surrounding UFO at the moment.
@Chris2, you said:
“I said on 13th January this company will be wound up.
I said on the 24th January this company will be wound up.
I said on 6th March this company will be wound up.
Looks like it is getting closer by the day”
Instead UFO gets funding facility for up to $2M and JV proposals for both Hanc0ck & Pinderi Hills.
You got the wrong end of the stick!
Chris2. The company has changed over 2 years. It isn't the same beast.
Am I to understand that your current opinion, that UFO is doomed to failure, is based upon old numbers with little bearing on today's situation?
I think I have made myself perfectly clear over the past 2 years.
chris2. so, are you suggesting that ufo's assets are worthless?..my understanding from your comments is that our dso has no economic value.
whereas, my view is that if the knac process had been faster, we'd have got han**** over the line by now.
but then, timing is everything!
anyways. can you spell out why the company's a busted flush.
Yes Chris2
But, if you believe as I do that DMIRS permission will arrive during this period, then all is well.
Do you think permission will be declined?
The loan is merely to keep the lights on and to pay those that are left their wages.
The rest is just fantasy.
@"large shareholder" norm keep up.
The loan facility is a bridge to bringing on JV partners in both projects Hanc0ck & Pinderi Hills. Number of proposals on the table for both and UFO not going to fund projects alone going forward:
https://www.youtube.com/watch?v=9u5DyNaRKOo
@HH thats a great post.. and true.. plenty of folks here are coming to terms with the facts of the past..
just a few that will never budge on it .. but then they get paid not to budge.. (max)
For me I am confused as to the current strategy ? are we still going to mine Hanc0ck ? is that going to be JV'd ? are they talking about JV's at Pinderi and EH ? or just EH.. ?
Im lost..
This isn't a sudden storm cj.
This inactivity has lasted 3.5 years now. What have we actually achieved in that timescale. Knacks permission which hasn't actually been registered on their website 4 months later. It stinks of a job for the boys company.
I have just looked out of the window and noticed "the sky is falling down on us."
(c) Chicken little
@Sinter - whist of little relevance to UFO, it is true, at least to the best of my knowledge, that the Titanic was never advertised to passengers in advance as being unsinkable. However, in the media frenzy at the time they lost contact with her, White Star Line did feel a need to put out a reassuring press statement;
The statement was signed by company Vice President P. A. S. Franklin and was as follows:
NEW YORK, April 15, 1912 (UP) "While we are not in direct communication with the Titanic, we are perfectly satisfied that the ship is unsinkable. That no more wireless messages are coming from the may be due to atmospheric conditions or something like that."
It makes me very suspicious about Max, has anyone actually met him in person?
Seems odd that someone is ALWAYS bullish about UFO despite the reality being very different. This is the person who has said it will be sunny every day for the last month, but every day...it rains.
I think you know where I am going with this...you never know who is behind these accounts. Think about it.
Great advice Max, wait for the rns (which one I'm not sure) but at least if ppl wait they can base an investment on facts and not hope, guesswork and wishful thinking.
We all fully understand what a JV will do for the share price Max, we saw it hit its high when we had the Capstone Jv, even thou you said at the time the highs was related to the silver price.
One Jv would be welcome ,but 2 Jv,s would be fantastic