Member Info for DRB83

Covid, whilst you are snooping check out my CHLL posts. Less positive on there than I was several months ago and that is reflected in my posts. Uber positive on NCYT which is reflected in my posts. Uber positive on UFO which is reflected in my posts. Only a genuine investor here.

Trouble, South but I'm a Leeds fan. Uh oh, should I have divulged that.

Hi covid, I see you are still hung up on me being Porky but if I'm being rampy on UFO I explain why. Are you in UFO? If not you can't really comment. If you are then please go over there and reign me in as to why I am wrong to be bullish on my investment.

Thanks jwoz but unfortunately it is just bringing up several versions of what was in the RNS. Nothing from TP. When I search 'Turner Pope Alien Metals' I just get the Feb one as being the latest. I recall them revising a statement back around May but from memory it did not include any recalculations.

Are you able to share a link to the latest TP note please?

Based on this Max. What value are you putting in our 10mt JORC.

Personally, I would hope we look to go alone when it comes to mining. Even at $120 the iron price today has a long way to go. Covid is still holding the world back so when governments start to reignite their economies the iron price will soar imo. It's a long term view but going alone would mean we reap the full rewards for this. Well 90%.

My simplistic view on DSO is that it is one of the more easier metals to mine. It's right there at surface. A few diggers and a few dump trucks and you're in your way.

The funds are then reinvested into DSO to get more diggers and trucks thereby accelerating our profits whilst also funding our other exploration projects. We then become a self funded miner/explorer.

With regards to any placing. If come Q1 next year we have to start to think about our cash balance then my opinion is any shares will be placed well north of 1.25p so at these prices it's a no brainer.

Please someone reign me in as I'm starting to sound like a proper ramper. Throw an opposite perspective at me so I can weigh it up.

Yep, good read. Thanks Dip. Confirmation of where I already stood although based on a lot more technicals than I can comprehend at this point. I'm a fundamentals kind of guy and they look pretty damn amazing imo.

Patience, hold and buy the dips aimv

A more prudent approach to valuation.

TP based on there Feb valuation valued the 10mt at Sirius extension at

10mt X £8 per t = £80m x 20% (80% risk) = £16m X 51% (our share) = £8m. That is a little under a third of our current total mcap. This imo is also a highly conservative valuation from TP. Also remember that this £8m value accounted for less than 20% of what UFO have (TP were valuing us at £41m back in Feb at the low end, £83m high end.

I believe TP still have to publish there take on the recent developments but based on their Feb assessment, it would look like this.

10mt X £8 per t = £80m x 100% (0% risk) = £80m X 90% (our share) = £72m. That is a little under a 3x our current total mcap. Apply risk if you want but the 10mt will grow so it counters it anyway.

Remember, this is just Sirius and the new Ridges. A relatively small part of just 1 of our projects.

Yayay, to put it another way. At a modest profit per tonne of DSO of $50 our mcap is is currently worth 740,000t. Ridge C at Han**** is 20% shored up at 1.1m relatively easy to mine tonnes. Very simplistic view but if that doesn't prove my point what does.

Happy for anyone with a slightly more negative view on the prospects of UFO to tell me why they think UFO won't go onto to be way north of here. Try to include logic as well please, oh and no one liner trolls please, you're views are worthless.

Maybe it depends how you interpret my statement.

What will be found is there now just hasn't been found yet. That's the obvious part. What is maybe less obvious to the market are all the jigsaw pieces we are being given. Imo, I am just further towards completing the puzzle than the market is and because of it I can see with a strong level of conviction what the puzzle looks like. That is great for lth's as we can buy cheap today and be patient for the market to catch up. Imo, it will come, when is anyone's guess.

Can't help but be long here. It's only a matter of time before the shorts go long. Very brave to be short here at these prices. You must be pinning all your hopes on a placing which if at all will be at the earliest 6months. But it will be irrelevant anyway as by then it will be for a price way north of here. Old Bill knows he onto something here and isn't going to give it away. All imo of course

Doesn't take a rocket scientist to work out that UFO are sat on billions of dollars of metals. They just can't prove it yet. But imo the SP will be way north of here in 12 months. Hold and buy the dips imo

One stepping stone at a time. Maybe 2 at a push but too many too far too fast and you're bound to stumble and fall.

Fundamentals are what's important here for me and the last 2 RNS's were solid

Agreed. Looking further ahead we have so many growth areas to attack it's very exciting.

Europe
UK
Online
TFN and other new releases
ROTW
Sponsorships with sports teams and individual players

One day, years from now, there'll be a prime time TV advert (after the watershed obviously). That would blow the doors off.

Correct. If Novacyt was £12 it would probably be as a direct result of BoJo and his merry men actually realising the significance of testing thereby increasing our protection at the borders not removing it, buying quality British tests that actually work not Chinese lucky dips and advising the nation that vaccines whilst imperative are by no means a replacement for a test. If that was the reality then obviously my previous response would be completely different.

It certainly is guesswork. One other thing to consider is that in Q2 Covid was just about disappearing in the US, or at least they thought (to the extent that millions of LFT tests were being destroyed due to overstocking. A few months on and they can't make enough). Covid is back with a vengeance in Q3 which certainly wouldn't have helped with rollout.

Having said this, I have seen a lot of positives
1. Seeking influences. Not actually seen any promoting CHILL but then again not been looking, but still a good move
2. Many promotion events have been attended
3. 2 big name marketeers with Red Bull and Coca Cola on their CV onboarded in August.
4. CHILL.COM
5. For sure we'll have more than 2500 US stores to stock now.

We have made several improvements since Q2 so we really need to see around $3m revenue in Q3 to restore confidence in the market.

Preventing serious illness in some Woody, maybe most but what about the others/rest. Are they just the collateral so the majority can start living again.

For me, living again should look different now (including masks in some areas, testing everywhere, 2nd gen and 3rd gen vaccines and so on). The sooner we realise and accept that life and living has to change the better for everyone.

At the moment BoJo is leading us into an unprecedented winter in the middle of arguably the worst pandemic ever totally exposed. What's worse is that we don't have to be exposed, he could protect us more but forward we march anyway.

I would be interested to hear at what level daily hospitalisations and deaths would have to reach in your view before you would consider bringing back some restrictions?

Just as likely to go to 31 also. It's a toss of a coin really. Clearly sales figures are what the market wants to see. Imo if Q3 comes in less than $1m we could decline to teens
If Q3 comes in less than $2m then we'll bounce around in the 20's 30's
If Q3 comes in greater than $3m and a mention of continued profitability then imo sentiment will change quickly and we'll rerate to the 50's and beyond. All imo of course.

I'm long long here so short term movements don't really matter but time for you traders to place your bets and take a seat at the table. Next few weeks could be interesting. Gla

It takes a brave shorter to gamble on this SP going much lower from here. Yes it may go a few pence lower but I wouldn't want to risk burning for the sake of 10%. There is very little toothpaste left in this tube. I would recommend going to the shop and buying a fresh tube to squeeze.

My bad Billy and good spot. $3m is what I actually meant. This would bring us close to being back on track compared with April-May. I expect that stores would be now 3000+ and hopefully all the promotions and events CHILL have been doing will be starting to bear fruit. I do suspect however that April-May figures were distorted with distributors stock piling so hard to estimate sales based on very little information at the moment. Hence why the SP is stuck down here.

I have a lot more than 15% of my wealth in ncyt and I sleep like a baby at night. You clearly do not need the money right now so hold and stop worrying. End of year will see us at least £8 imo. Gla

2 excellent RNS's in the last 2 days yet still only 83 trades today. I suspect buyers are waiting impatiently on the sidelines for the sales news. If it comes in North of £3m for Q3 then this will rerate quickly imo.