Member Info for Barrett

Back in 2020 UFO was much further away from being a miner than they are today, and yet the share price headed for 3p: it was riding the gold rush brought on by Covid.

For myself, I'm trying to guess how long gold and the other PMs will rise this time, and aiming to cash in a portion of my UFO shares near the top. I'd be glad to read any wise ideas about how much higher PMS will go.

Respect to the longs who've been posting here for several years, respect to your strength and stamina. And I hope you're right about our iron ore store being ploughed sometime soon.

This week I've seen UFO price movement that has reminded me of the soar upwards in 2020 . . . wouldn't it be nice if there were several months of precious metal rise, showing everyone what UFO can do when the atmosphere is right?

I still believe that gold leads the way, and right now it's doing a fine job. GLA.

"The Company has fast-tracked plans to develop the Elizabeth Hills Silver Mine".

I thought I was dreaming when I read this. It's perfect. I'm a happy Alien today.

Worth keeping an eye on the US interest rate this year. I don't know how soon the first decrease is supposed to be, but it will be a big turning point away from the dollar for investors. All metals will benefit.

At last, strength in the precious metal prices: gold seems to be making a beeline for $2500/oz! A strong gold price is good for all the metals.

Impressed by the staying power of some on this chat board: such a long stretch with nothing heading upwards.

Go silver heading for $32/oz.

Amazing, all the precious metals going strong and silver up 5.8%.

Lovely way to end Friday.

Go silver, go UFO.

Howdy Aliens, I'm glad you've all been whooping about the silver price while I was sleeping.

Let me join the party, better late than never:

"High Ho Silver AWWWWAAAAAAYY!!!"

All precious metals looking sturdy again, silver in particular.

Might be time to get my High Ho Silver ready for deployment.

Gold and silver having another excellent day.

All precious metals in the green.

Go silver.

This header is a cracker, "AIM catfish of the decade", let's hope so.

Good to hear Rick Rule on gold and silver on the Aliens X account. I know I've got 2 nest eggs, Hanc0ck and Elizabeth Hill. It's no trouble to keep an eye on both iron ore and silver.

BullionVault on Saturday 16th: "Silver in Shanghai today fixed at ¥6322 per gram, the highest Yuan price for the more industrially-useful precious metal when delivered in China, the world's No.1 manufacturing and exporting economy, since August 2020."

I'm happy to see the dollar price at over $25/oz.

It makes sense to ignore the iron ore price spike in 2021 and ignore the media crying doom and gloom every time iron ore drops a few dollars. The 1-year iron ore price chart says the same as the 5-year and 10-year chart: iron ore has been climbing steadily since 2015.

Sorry I don't drop in here often, but the wait for UFO production goes quicker if I don't look too often.

If silver keeps rising and gets to $25/oz I'll be dropping in to celebrate.

Go UFO

I agree HH, the news of higher than hoped price rises in the US has bashed everything from stocks to precious metals to bitcoin. Poor platinum and palladium had picked up a little this morning but they're sorely down now.

I like the stability of the share price too, cj. I don't like how low it is, but no one is leaving now and that shows confidence in getting to production.

Thanks cj and yayay. I agree with you both, I reckon the Native Title is in the bag, and it's a case of dotting 'i's and crossing 't's. (But I still think legal types will drag their feet for a few extra bucks.)

Regarding the next milestone on the way to production, the mining lease: "We believe that the Native Title agreements are in place" . . . This is the only frustrating statement in the interview. Does it mean that only the legal teams know if Native Title is in place? Blooming lawyers.

I think we're lucky to have an articulate spokesperson. For curious people dipping into this interview, its' a winner and will prompt their investment.

Good to read the RNS and all your opinions. Glad to have a name to focus on: here's the summary in Directors Talk, 4 August 2023:

"Mr Alwyn Vorster . . . joins the Company as Non-Executive Chairman. Mr Vorster has extensive corporate, marketing and project development experience in the bulk commodities arena, particularly iron ore, having previously held positions as Interim Chief Executive Officer of Hastings Technology Metals (ASX: HAS), Managing Director of BCI Minerals (ASX: BCI) and Managing Director of Iron Ore Holdings, as well as senior roles with Aquila Resources and Rio Tinto Iron Ore."

I miss our outdoor man Bill Brodie Good, but he found this resource which is going to pay out for all of us, and Q1 2025 is only a year away.

Maybe you all saw this last Tuesday: Stockhead quoted Paul Wong and Jacob White (of Sprott) looking ahead to mid 2024. “We expect silver prices to improve, driven by lower interest rates, more robust physical investment, ETF purchases and increased industrial demand . . . With higher volatility than gold, silver has the potential to outperform during the rally phase as it plays catch-up to gold’s price moves."

Imagine if the price of iron ore is strong when Hanc0ck starts producing AND silver takes off at around that time. What a double whammy.