RE: JPMorgan raises iron ore price outlook until 202523 Sep 2023 11:33
hi peanutty
"however i still expect another placing before any significant rns, so will still hold off topping up"
another placing will drown this share. any raise would have to be significantly less than todays share price. then the share price would drop to meet the placing price. there would probably be in excess of 9billion shares in ufo by then. a market cap of £270m would have us at 0.3p.
the company say they want to achieve significant value.
i still say we have until this latest raise runs out to achieve production or a joint venture on the pinderi hills or we are toast. no point in another raise its **** or bust