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I seem to remember that this share had a crazy rise back in 2020 - something like from about 0.1p to 3p in a few months - though I can't quite remember what exactly caused the rise. It must have been to do with gold and silver though as that was when they both last spiked up.

Maybe the same might happen here again if Silver and the PGE metals keep rising. You never know.

GreenTech up 20%+ currently and nearly 100% up from their placing on 3rd December at A$0.055 which was to fund the drill campaign at Munni Munni. But then the spot prices of the two main PGE metals - Palladium and Platinum - are currently rising even faster than Silver so it is not unexpected.

Come on UFO - wakey, wakey, there is some serious catching up to do.

It's just a shame that WCE didn't get the first set of assays out in mid-December as originally planned. If they had, then I'm sure that the UFO share price would be 50% to 100% higher by now - (and all of the f*cking moaners on here would have disappeared back into their shells and shut the f*ck up).

As I noted yesterday, the WCE share price is currently as high if not higher than the high of the late August peak when the earlier high-grade assays were being released and that will certainly be guaranteed to be higher again once the next set of assays are out. UFO's share price at the time was just under 0.30p - so nearly 3 times higher than the current price - and even allowing for the dilution from the recent raise that would still be over 0.20p.

Just a lot of catching up to do for the UFO share price - especially with the GreenTech share price also starting to rise as the drill campaign at Munni Munni takes off.

Well, the UFO share price bloody well re-rated before from 0.0863p on 30th May when the drilling at Elizabeth Hill commenced to a share price of 0.29p on 30th August when the high-grade assays results were released. That's a 3-bagger in 3 months. Plus this time around they are going to have the drill results and assays from Munni Munni as well (and both of the main PGE metals are up another 4.5%+ today). And the spot price of silver on 30th May was £33.00/oz and on 30th August £39.00/oz. It is £69/oz as of today. Of course, this is going to re-rate.

Mind you, it is equally possible that the share price is being depressed by the rubbish negative posts that have been regularly appearing on this board over the past few weeks, many of which have been absolutely appalling and show a total lack of understanding of anything.

This is even more frustrating when you consider that the ASX market is usually the more restrained of the two and that AIM is far more likely to get spikey rises. It does, though, tend to reflect that the rise at WCE is quite genuine, with more to come when the assays are released. Also, of course, the WCE rise directly reflects the rise in the spot price of silver right now. AIM/UFO seems to have missed this altogether.

The share price here is quite ridiculous.

On 26th August 2025, when the very high-grade silver drill results were being issued by WCE, their share price peaked at AUD0.253. Incidentally, on the same day, 26th August, the spot price of silver was USD38.60/oz. The WCE share price then fell back as the results were absorbed and bottomed out at around AUD0.122 on 4th November before starting to rise back upwards as the successful drilling has continued and the spot price of silver has continued to rise (that it is now at USD69/oz) and overnight the WCE share price peaked at AUD0.242 which is very close to the August high.

In comparison, the UFO share price peaked 3 days later than WCE on 29th August 2025 at £0.29. Then it also fell back, falling to £0.125 on 4th November. However then instead of picking back up like WCE, the UFO share price has continued to fall, reaching a low of £0.095 over several days and it is little higher than that right now. That is nearly 3 times adrift of the rise at WCE despite the huge rise in the spot price of silver and the seemingly good progress, not to mention the unexpected progress at Munni Munni.

I think that a re-rate is in order here.

What the WCE Chairman said, or rather more specifically what the Chairman said that has taken the WCE share price up 20% overnight. A share price that is now sitting at AUD0.24, which is roughly where it was at the end of August when the superb drilling results were being issued and when the UFO share price had similarly 3-bagged to around 0.27p. Unfortunately, despite all the good news and the runaway spot price of silver, the UFO share price is stuck at .105p, nearly 3 times below where it would be if keeping pace with the rises at WCE. And that is despite the huge progress at Munni Munni, where a JV has been completed, drilling is underway and the 2 main PGE metals, Platinum and Palladium, are also going through huge increases in their respective spot prices.

The gist of my post is that I reckon a rerate is in order, preferably to around the previous high at the end of August of around 0.27p.

Who would believe that MSMN/QHE is worth 3 or 4 times the m/cap of GEX. Blimey, it certainly makes GEX look undervalued.

As I posted recently, the whole problem in a nutshell is that GEX have ended up on the wrong market - ie. on the Main Market when they should be on AIM. HE1 raised £16M before they spud their first drill, while GEX have only managed about £6M, most of which has been spent over the 16 months since listing and now they haven't got the headroom to raise the extra funding required to get Hussar re-entered and extended downwards. The management- AH and W - are naive and inexperienced and should have known all about how the market and funding works before they completed their listing. They have been left looking a bit stupid. Is it a disaster? No. Can they pull this back? Yes. Do they need to get a move on? Yes. Do we all want to see the share price 10 or 20 bag? Yes, please.

Who cares. I expect it has gone to pay the wage bill.

Mt Winter, which GEX managed to buy from MSMN - now QHE - for peanuts, has a prospective resource of 133 Bcf's of Helium. So if 1Bcf of Helium has a potential gross value of USD331M, what is the gross value of Mt Winter? Blimey, I think you need to multiply 331 by 133 to get the figure. It's quite a lot anyway and certainly makes all of the negative posts on here look a tiny bit picky and silly.

Not that I agree with how long the management are taking here and all of the feeble excuses and time-wasting. Personally, I would sack them both and replace them with directors who know how the LSE works and who can get this company in a position where they can raise the necessary funding to at least get Hussar and Mt Winter re-entered and drilled very quickly.

QHE has opened with a m/cap of pver £13M - so the 1 Bcf of Helium has added the same extra value as the total m/cap of GEX.

Wow, I wonder what 193 Bcf's of Helium will add to GEX's m/cap if they can secure the funding for the re-entry/drill and it all goes to plan. It positively makes the mind boggle and definitely gets past all the bashing and bonkers neg posts.

Even Mosman - now QHE - has a bigger m/cap than GEX. In fact, it's 3 times higher at £10M. But then they have declared a Helium asset of 1 Bcf - value at £330M. Hold on, I thought that Hussar had a prospective resource of 193Bcf's of Helium.

And while HE1's m/cap peaked at £144M, it was happily over £100M/£120M for a week or two before they spud their first well. Also of interest is what has happened since the HE1 successful drill and flow test. Basically nothing has happened. Australia on the other hand looks to be and is a much better jurisdiction that Tanzania and GEX already have not only secured off-take agreements to get Hussar into production subject to a successful drill and flow test but also have a number of similar wells for reentry.

Newbie1965 - I tell you now that no one is going to give a monkeys what the management have said or done over the last 18 months if they can secure non-dilutive funding for the Hussar re-entry. This will be a totally transformed share and share price.

Oh and just another thought. While everyone is getting very frustrated and cross with how long this is taking and the share price is tanking ang tanking, HE1 floated on 4th December 2020 and they finally flowed Helium on 5th February 2024, so it took them just over 3 years to achieve their original objective. As of today GEX have only been listed since 30th July 2024 which is just 1 year and 5 months. Yes, still quite long enough but not quite the disaster that a lot of posters are claiming or that the share price is reflecting.

ATB

The only thing that is certain here is that, subject to the management sorting out suitable and non-dilutive funding for the Hussar re-entry, there is the potential of a massive upswing of the share price.

The market always values in large potential assets which is what we have here. HE1 is the only other Helium explorer that has targeted 100+Bcf's of Helium and their market cap reached a mouth-watering £144M before the spud of their first well. Then, even after 3 failed drills, massive dilution and a m/cap that sunk as low as £7/£8M before their fourth drill, when they finally hit Helium and got it to flow their m/cap shot back up to just over £100M.

The upside here is similarly huge but without the risk of huge dilution and the only problem seems to be the incessant delays and numerous silly excuses while waiting around for them to get on with the first drill/re-entry. Lets hope they get the funding arranged soon and then it'll be fireworks.

With only 127M share in issue there should be a massive multi-bag before spudding Hussar and then another if they successfully hit the Helium (and Hydrogen) and get them to flow at high rates. For example a £100M m/cap would give a share price of 78p which is more than 25 times its current level.

Just my thoughts.................

ATB

RNS out at last.

"The planned drill program is comprised of up to 20 holes for approximately 6,000m to provide QA/QC verification of historic resources to enable a JORC (2012) compliant MRE in early 2026, potentially expand the resource outside of the existing mineralised envelope and obtain material for metallurgical testwork."

20 holes for an initial 6000 metres is a pretty big initial drill.

Apologies, but LSE appears to have removed all of the capital letters from my post. They were definitely there when I was typing it.

ufo management appear to be a bit slow with the already released rns from greentech re the mobilisation of the drilling rig at munni munni, especially as this project is a lot more exciting now than it was say a year ago. in fact, both of the jv prospects are now very hot with a massive increase in value due to the rising commodity prices.

according to the figures on this website, silver (ag) has gone up in price this year by 123.72%, which favours the high-grade prospect at elizabeth hill, while at munni munni the spot prices of the main proven metals in the resource - platinum (pt), palladium (pd), gold (au), rhodium (rh), copper (cu), nickel (ni) - have gone up by this year by 111.44% (pt), 88.96%% (pg), 66.78% (au), 73.77% (rh), 32.15% (cu) and only nickel has fallen by 7.72%.

interestingly, iron ore, which is in abundance at han****, has shown no appreciable rise this year and is only up in price by 0.74%, which is probably why it has as yet failed to find and secure a jv partner.

drilling is ongoing now at both of the jv prospects.

The real problem here is that both the GEX management as well as most of the posters on here (obviously ignoring the negative ones) keep getting so far ahead of what is really going on here which is a company with very little in the way of available funds, a share price of just over 3.5p and a m/cap of less than £5M. They will need a whole heep of luck to pull this back IMO.