Member Info for Chris2

No way would I pay 0.65p Dipp666
If it got there I would be fearful for the company’s survival.

The Australian treasury now forecasts iron ore prices to fall to the long term average of $55/t fob Australia only by the end of March 2022, rather than the end of September 2021

The Australian government's commodity forecaster has revised up its iron ore price forecasts, with a softer landing over the next 2½ years from the current peak of over $200/t for 62pc Fe fines.
The Office of the Chief Economist (OCE) expects prices to ease from their current highs over the second half of 2021 but not to fall below $100/t until late in 2022 and average $90/t in 2023.

Macquarie’s iron ore price forecast is for today’s fall to be the start of a sustained decline with the price slipping to $140/t later this year and then down to $105/t next year, before bottoming around $74/t in 2024.

Non of this matters if the price of iron ore goes to single digits as predicted.
In fact you have to ask yourself can this company survive if there are major downturns in commodity prices.

PaulQ. So now you can make an informed decision.
Analysts are predicting a steady fall in the price of iron ore.

Still says the same thing PaulQ
Iron ore price dropping down to double digits.

Australia’s department of industry’s quarterly report.
The strong earnings are thanks to new mines and expansion projects coming online, which will push Australia’s iron ore exports from 900 million tonnes currently to 1.1 billion tonnes by 2025–26.
The outlook for prices, however, is far less rosy. Australia’s office of the chief economist sees a range of factors putting downward pressure on prices over the coming months.
Some price falls are expected, as Vale’s Brazilian operations steadily return to output levels prior to the January 2019 Brumadinho dam collapse. Overall, Brazilian output is expected to recover to normal levels by the end of 2021. More rapid progress on this front could lower prices more swiftly.
Chinese steel mills, which are facing severe pressure on margins, may also seek to postpone some output in order to manage price pressures over the coming months. Chinese Government stimulus measures could also be phased down in the second half of 2021, reducing the imperative for rapid purchases of iron ore to meet production schedules and allowing some build-up of iron ore at ports.
While price spikes are likely as a result of disruptions due to extreme weather in the two main supply regions of Western Australia and Brazil, the longer term outlook for the iron ore price is squarely in double digits.
Prices are expected to halve by the end of next year and then gradually decline to reach $72 a tonne in real terms by the end of 2026.

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MINING.COM RECOMMENDS

Rally weakening
“The iron-ore price rally is finally starting to show signs of weakening, which will continue into coming months,” said market analyst Fitch Solutions.
Fitch says the price of iron ore is likely to drop from the expected $170 a tonne by year-end to $130 in 2022, $100 by 2023 and ultimately $75 by 2025.

Max111 overheating.
Market lukewarm.
Says it all really.

2.18 to buy. It on the rise again.

Difficult buying any quantity just now. Price continuing to rise.

Smiller. In answer to your question I think the management of UFO are doing an excellent job in really difficult times. Being a junior explorer in the current climate is extremely difficult. The Donovan2 situation combined with the withdrawal of the silver tailing project should be giving warning signs that things are difficult out there. Market sentiment is low the pandemic is still with us,money is getting tight which all suggests an uphill struggle at the present time. This is all reflected in the share price which doesn’t surprise me in the least.
All this nonsense reporting the price of silver every 5 minutes is just what it is. Ramping nonsense.
Be careful with your money and good luck to you.
If I am wrong and let’s face it non of us know for sure then most of you will make money which would please me very much. AIM can be great fun when you get it right.

Max111. You got excited about the price of silver
You got excited about Donovan 2
You got excited about the silver tailings.
3000 posts later and share price drops 78% from last Autumn
And you want to be taken seriously.
I think not.
3000 posts have come to absolutely nothing.
A bit like the share price.
I do fear for you.
And you admit the price fell to 0.65p.
You were laughing at me when I suggested it would get down to those levels.
Who’s laughing now?

Like I said Max. You are clueless.

There has been a 76% drop in the share price since I advised and posted on here to take your profits and sell.
Now how else PaulQ do you want me to be positive about that?
I was positive the share price was going to drop like a stone if that helps.
Keep listening to ramping Max if it makes you feel better.
It won’t do a lot for your wealth though.

That’s because I made money on HEMO as you know.
I don’t post on there because have no interest in it.
PaulQ. If only you had listened to my posts from October onwards I could have saved you a lot of money.
Instead you chose to ridicule and demean. That’s your choice.
I am one of the few that have called this share right and you know it.
Take your profits.
Looking now for a 0.65p entry point and will trade any profits I make.

Max. You are like an excitable little boy in a sweet shop.
Did you really need to post a link to the RNS?
Or are you just clocking up as many posts as you can?
You worry me.

HH . It’s very odd how so called “long-term holders”look at the share price every 2 minutes and get so excited about a 000.1% rise in the silver price.
Something doesn’t sound true and if you feel that then it’s probably right.
Your reasoned approach is much more realistic .
I was lucky to have traded the highs but that is only through my experience of AIM.
I was always taught to take a profit and leave some for the next person.
It was advice which I have remembered all my trading days.
I am waiting for 0.65p and if it doesn’t arrive then there are plenty more fish in the sea.
For those holding. Good luck.

Max111. I can tell by the tone and content of your posts how bitter you have become.
All that ramping and nothing to show for it.
Bottom line is that the share price has been on a downwards drift for some time now.
And no. I take very seriously accusations that I have a separate alias and for that reason I have reported your post.
It is nothing more than a blatant lie.
Oh and by the way. Not that anyone is the least bit interested but I made money on HEMO.
And no. I didn’t promote HEMO. This is what I actually said and I quote
“I would like to make it clear I am not recommending it,just saying it like it is.”
0.65p is on the cards. Just like I have been saying for weeks.
I hope for all your sakes I am wrong.