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So let's see if we can carry on with our rise or the Mm,s we're playing games and take it away 🤔
Red open given UT close at 0.221p yesterday?
So there's my answer, those little mischievous tinkers, will keep playing with the price until a positive factual Rns lands.
We all know we are are getting closer and closer to that day,in fact it's imminent .
Only a couple of trades. Hard to see whats going on so far
i honestly thought there would be news after news once the mining license had been granted. the recent jv and bod ate obviously positive but we need too have clarification that things are still progressing too first ore from han**** q1 2025. even if it's not a rns then the new guy can give us a interview.
Profit taking as expected.
Smaller increments would be far better as anything above 10% increases the risk of people selling. Human Nature.
Its looking like ufo were hoping for the anglo american tie up to bear fruit. I doubt they be signing any agreements until the takeover is resolved and by then ufo will be diluted to hell and back. Communication is needed to build any confidence but i shan't be holding my breath.
Christa AA was used for leverage imo was never our final destination
All speculation.. UFO have not said a word about any Hanc0ck deals for a long time.. I have always said that selling the product is not difficult we might not even need to ship it if we could sell it locally for blending ?
the issue as always was getting the money to build the mine and getting it going..
Frankly if AA were p*ssing us about.. then i would want them to walk and find another deal..
UFO dont really have anywhere to go with Hanc0ck after the license / (study) .. the FID is due in the next 4 / 5 weeks..
clock is ticking UFO... tick tock
The news blackout was almost acceptable until the mining license was granted.
Now is the time for them too improve their comms and prove that they where not just sat doing nothing for six months.
Exactly my thinking uncle Jim. If as Napthman1 says that aa were only used as leverage, where is the deal they have really been after. I've been saying that this looks like a amateur part time outfit. Such a shame as we all know what a great opportunity there is here. I know we have taken on a negotiator and a manager but what has the bod been doing whilst it told us that they were receiving offers regarding hanc0ck. The obvious answer is they were doing absolutely feck all
Given the forward momentum of the last few days. I am amazed at the number of people talking the company down.
It's almost as if they have an agenda !!!
I think we all need to be a little more patient, the Han deal will happen and when the FID lands it will change this company.
The clock is always ticking, that's reality and we have a few weeks left yet, but the deal to secure the future of this company, must be thought out clearly and i for one would be graceful and give this company until the end of September if necessary to secure a FID, but i am confident it will be wrapped up within their timeline.
The forward momentum has been because of the silver price. Not because of anything UFO have said or done.
Yes Unclej
But this kind of statement is wholly unecessary and unjustified
"The obvious answer is they were doing absolutely feck all"
Finally we agree on something. The obvious answer is most probably the correct answer.
As angry as I have been about UFO's performance over the past 18months or so.. I dont put that down to them doing nothing at all.. its mainly around clarity. but whilst we have had wait extended periods of time between key decisions and approvals UFO have clearly been working on those proposals / studies and licenses as an when necessary.
The management we currently have are not 9 to 5ers.. they are only "custodians" at the moment and we have used a lot of consultants who obviously need less supervision and likely work on fixed price deliverables.
Money is tight at UFO.. but as you correctly say the FID is due.. but that needs a solid financial base to move forward.. Clearly Hanc0ck looks profitable on the face of it..
end of June I shall be angry again if nothing is published at all.. ;-] for now im kind of ok.. enjoying the Silver...
Also i still think the Errawarra JV was a good move...
Norm
If I may say, an excellent ballanced comment
Thanks CJ .. i do my best..;-] feels like a full time job for us lot on here everyday.. like a bunch of old ladies at the bus stop..
More like 'God's waiting room'. At least for some of us :-)
Hahaha the silver price what a ooad of 💩!!
The proce movement was he granting if the licenses all the way to .28 ish frm memory, we had a retrace and now we have upward momentum again.
UFO Year on Year -50.05%
Ag Year on Year + 34%
Holding both.
Surely CJ
You’d be in the “other” waiting room?
I’ll have a word with the Boss to see what can be done 😇
A Vladimir said "We are not saints, but we have kept our appointment. "