I cannot see UFO being taken over, Max. It was never in Mr Goods strategy for the company.
Things can change; but it has always been about exploring, proving up, JV and farm in, then onto the next.
Without even researching or looking into them, here's my view:
Firstly, Fortescue is a stupid name for a company.... Like "tech" was added to so many companies in the 80's.
- Doesn't really mater does it? Its just a company name. Unless you admit you bought UFO purely because it had a 'cool' name.
Secondly, if they only need the Pilbara iron and silver, why not just buy that than takeover a whole company that has resources elsewhere that are still at project level?
- Asset diversification, continuity of supply, strategic expansion. Have a global footprint and operate in many countries like Ecuador, Peru and Columbia, to name a few. We do not know strategic growth plans for companies like this.
Thirdly, in the old Banking Status Enquiry term... Why would they be able to sign a contract with the Chinese to "not be able to fulfill"? without then having to go looking for the means to fulfill it?
- Continuity of supply, acquisition of world class assets, development near existing infrastructure to reduce operating overheads.
Not a great depth but as I said, just off the top of my head.
You are asking questions only people with insider information could confirm.
And like the Mairie Celeste we will never sink!
I suppose by his definition if you want a share to do well you are a ramper and if you want it to fail you are a deramper...
Looks like we are all sons a *****es, then.
Actually wents,
If you used that information accordingly with other investors, and ascertained an accurate figure of free float. You could see if a holding of a group of P. I's might be able to work together, knowing so many millions of shares are locked if no one sells etc. etc.
Maybe not as relevant for UFO with so many shares in issue, but it could be a surprise if enough people bought in below 0.2p and kept hold of them.
Note to board - wents did post positively regarding UFO earlier on the iron ore front!
Aly,
Did you manage to buy in today at 1.65p as you sold at 2.8p?
Thanks for the laugh, Talk. Days like this it's always nice to crack a smile!
Seeing as you replied to Jethro so quickly, would you care to substantiate your reasons below or was it just a personal feeling you had?
I'm sure someone of your level would would have factual and cast iron reasoning for this?
Would appreciate your reasons for your thoughts on that Aly.
My timing this morning was unfortunate, but buying these sub 3p to me comes across as extreme value seeing a £15m Mcap and a rig which allows us to prove up our resources to gain maximum £ for JV's.
I have sold out of companies in the past as I did not trust the BoD; but I don't pick those alarms up from ECR, and the technical personnel that instigated Havieron aat GGP. Commercially and technically they appear to be competent and look to represent value for shareholders.
Granted I think we could do with more news, hopefully they have avoided the US situation and drill results should be quick and paced going forward. Some excellent gold grades at close surface too.
I'm not disagreeing with you, just looking for another point of view.
Squirrel,
Copper and coal (as well as other commodities), yes.
Iron ore has not been put on the sanctions list between this Sino Australian breakdown. (as far as I am aware, it was a contentious issue over the last 6 months)
China has a fantastic reputation for indulging in the Pilbaran iron ore. For China to sanction this would be like creating a circuit between a car battery and your gonads.
Topped up this morning and registered as a sell...
Keep the faith.
Maybe 40p H1 shares or 0.040p?
Gold, silver and copper are up, so it's only natural for another red day tomorrow.
Still struggle to understand the sentiment with this share. Lots of excellent news and drilling updates, market just shrugs its shoulders.
SP1 / Rees.
This was clearly stated in the previous RNS dated 29th October:
'Alien Metals looks forward to reporting the full results and interpretations and associated next stage plans once received in the coming couple of weeks.'
They also elaborated for the delay in results due to high activity in the labs. Just have a look at the other players in the same area. It's a very busy geographic.
Couple being 2, would indicate Max has these down, like the rest of us, to land in the next 2 weeks.
If Alien have the results I would wait until this election crap is out of the way and release late next week or whenever it's over. Why ruin a good RNS on that?
510% increase in SP from August.
Sipp. Max hasn't caused anyone damage.
If you invest without research its your own fault. How you can blame someone's optimism for other people's stupidity is just that.
You take your chance when you pay your money. Personally those who got in at sub 3p will make profits but it will be tied up. Not really a problem of you are looking to hold mid-long term.
Just the same as people selling because as faceless avatar on a BB told them to.
If these people are so insecure in their investments then unfortunately they pay the iron price and learn for next time.
Now they are invested they can read about the company and its strategy and decide to crystallise the loss and look for another company or sit tight in a re-rate and wait for it to deliver increased value.
It still overwhelms me why people invest in AIM stocks with little to no patience.
Take your pick mate, blue at the bottom, red raw at the top!
Pump pump dump wolster.
Took a little longer today? You should probably leave your todger alone then. Let it breathe a bit.
80p for full sale IMO.