Member Info for Happyhaddock

@mapp - I'll give you the benefit of the doubt in calling me a politician, however I am not one who holds such individuals in high esteem.

Political power should always be given to those who least want it, for it is they who are most likely to use the power to influence others wisely rather than for their own gains. I always want others to think for themselves but we live in a society where folk want to pay others to do everything for them .. sadly that now includes thinking and there are all too many willing to be spoon fed drivel and pay for the service.

I've said it before and I'll say it again, for all the talk of rampers and derampers I still don't believe that the are really enough idiots out there who would buy or sell shares based solely upon the opinions of a few posters on a minor bulletin board...

Sure there will always be a few but are they really going to stay wealthy enough for long enough to own enough shares to impact upon the mkt cap of the whole company?

@Barrett - likewise I was sitting on 30bagger with UFO and concerned that the price was going up too much too quickly as I didn't want to sell. -- of course hindsight is wonderful thing but I bought in as speculative long term play and still believe that the blip up to 3p and down again will prove a triviality in a few years to come. This is a company that needs time to grow but it seems to be doing all the right things - the only thing it is failing to do is satisfy the impatient.

people's backgrounds and motives are only relevant if you take everything they say at face value without engaging your own brain.

Max posts masses of links to all manner of info that UFO put, why he does it shouldn't matter, if it something you don't know just follow the link or go refence the RNS's he quotes... end of

If he or other's post opinions then you take it upon yourself if you want to accept them as fact without verifying them.

@ 5x5 - I wouldn't assume a leak just look at what other junior explorer's share prices were doing back in October - macro fears were sending the world crazy. Sure we moved up and down a bit more than most others but most gained and lost a lot

"Doubled up at 1.124...rude not to..."

that how I felt at 0.1p and at 0.2p and again at 0.3p... it's all too easy to end up with a lot of these shares.

Based upon the average value of other mineral explorers the research note suggest we are undervalued, but we will be priced based upon what we have in our own ground, not what others have in their ground.

I am invested here because I believe in the prospects but until we get actual drill results everything is else is sentiment driven speculation about what the price might be or should be. The share price is what it is and only facts will enable it to hold any changes.... we simply have to wait for those drill results.

They quote some pretty high share price valuations up to 11.7p but go on to state these are based simply upon average prices per sq km of other mineral explorers.

If they make no allowance for estimate grades and tonnages I would say these price estimates are as as useful as estimating the performance of a ship based only upon the ocean you found it sailing on.

I'm always a little cautious of these presentations - Bill can't say anything important that would otherwise have to be first released in an RNS and so whilst informative for prospective new investors that don't know the company , these presentations lead folk here who are already invested and well informed about every thing he will be allowed to say to speculate about each possible inference of a single word or facial expression.

Almost invariably it leads to folk being disappointed when things that weren't implied, but were nevertheless still inferred, don't come to pass.

In good time we will get the news we are all expecting and it may be that this presentation is timed to enable Bill to talk about things he plans to announce shortly beforehand... but let's not jump to conclusions.

At times the juvenile bickering can be like watching a battle of wits between unarmed opponents.

Agree with appreciating extra communications from the company but as others have said what matters to the SP is solid RNS's with good data... otherwise exciting and enthusiastic social media feeds and interviews are just more of the sentiment boosting that lead to past problems of private investors expecting too much.

I have enough confidence in the company to have added to my holdings when the price dropped on the last placement, but that confidence will count for nothing if drill results don't back up our expectations.

as others have said we can't decide for you and a decision has to be based upon your own needs and situation.

Most here believe UFO is a company with excellent long term prospects, and even in the shorter term if the price continues to bounce up and down range bound as it has for a few months this still makes it more likely that the price will go up a little from from here rather than down.

If you need the cash now then sell your inheritance, but if you don't the odds are in favour of those shares being worth more in 2022 than now, and more again in 2023 than 2022.

We can all aspire to have larger bank balances or larger share holdings, but as we all know each of us has our own means and limits and each has our wealth tied up in different ways.

I know from my own point of view although UFO is by far my largest share holding at more than a third of my equity portfolio, that portfolio is only a small fraction of my savings even excluding the home I live in which my wife and I are fortunate to be rent/mortgage free. I can't quite claim to have done the full Tom and Barbara good life thing but most are amazed at how little cash I actually live on as I consider spending money as a sign of a failure to do/make something for myself.... My very meagre income exceeds my expenditure so by most accounts I'm doing fine.

Often the folk that seem richest by spending the most are the ones that are also carrying the biggest debts or may simply have very different priorities in how they manage their wealth/savings . Life isn't a competition and I've found it isn't wise to set aspirations based upon assumptions about others.

In our own way we are all here to make a bob or two to improve our financial security and with time and patience we may all do more than that.

@ BB- I think we've all been screwed over by unpleasant individuals at one point or another but as I once said to one such individual .... "what doesn't kill you disappoints me!"

@2020 likewise ... but I'm reliably informed that no matter how large your bank balance it never seems enough...

being rich is being happy living within your own means.

my last line should have said second half of 2021

As others have said, at this stage we are just estimating and dealing with probabilities where we can come up with anywhere between very little and an awful lot.

At this stage the amount and quality of ore isn't known though we have initial estimates which may need revising based upon further drill results.

We don't know what price the iron ore will sell at at the point it is coming out of the ground, we can only estimate based upon current prices and current trends

We don't know what sort of deal will be done to help us get the ore out of the ground and if it will we a JV with a major or we try manage things our selves through sub contractors.... this may have a huge impact upon the upfront costs we have to bear and the percentage of profit we get to keep. It may also have a massive impact upon how long it takes to mine all this ore.

About the only thing we can say for sure is that ore in the ground is worth far less to a share price than ore on a slow boat to China, and as such whilst the "high" estimates being discussed may possibly be achievable at the time we are actively mining, I would assume in the near term that we should be working on a far smaller contribution to our share price.

I'm still of the opinion that long term UFO has the "potential" to become a billion dollar business, but in the short term I'll just watch and see where things go, where as I've said several time before I'm expecting the SP to remain range bound fluctuating up and down a little from where we are until at least the second half of 2020.

Great to hear CB taking a more positive tone but as others have said he is staking more and more of our "performance" upon actually getting good drill results.

I'll stick with what I've said previously - bouncing up and down a little day to day but essentially range bound for one more month and ending more or less where it started.

Although we all know that the right news could propel this much higher I'm not expecting such news until the second half of 2021

@Mulletman - pretty much my thinking.

The greatest problem with being "the next big thing" is that it only lasts until the next "next big thing" comes along to improve upon its faults and inefficiencies. I take faith in the fact that precious metals have been old fashioned for thousands of years and yet still haven't become obsolete, clearly they are not trying to become the next big thing so have little to fear from whatever the latest big thing happens to be.

Plus another criticism I never hear Bitcoin defenders address is the fact they claim it is great for operating outside the system if (when?) "the system" breaks down. Yet most crypto-bugs are of a very young age that have only ever known life with the internet. Those of us that are of an age to remember the last time society broke down under inflationary burdens will know of the strikes , civil disruption and power outages. You got used to keeping parafin heaters and candles to hand just in case.

It doesn't have to be as extreme as foreign "enemies", your own government or anarchist terrorists, something as simple as striking unions wanting more pay can disrupt the system in times of relatively modest trouble... and however unlikely I don't see how Bitcoin can be useful in troubled times if you can't guarantee a supply of electricity or an internet connection. People freak out these days if they go twenty minutes without being able go on-line on their smart phones. Imagine how they'd get if they had to go days without the power to charge up their phone simply to find out if there is any service connection.

The logical extension of what you are saying seems to be that Satoshi Nakomoto was the expert but not those who invest in Bitcoin?

Anyway as I say I wish good luck to those risking their money on Bitcoin. It may do very well for them but I'm steering well clear of it.

I'm sure block chain distributed leger technology is here to stay but I suspect by the time it is commonplace Bitcoin will be lost in history ... Ask the Netflix generation who won the battle between Betamax and VHS and they probably won't understand the question or the analogy I'm trying to make with it.