Member Info for ibmibm

Good points. I see the most critical point is:

•dilution: with over 11 billion shares in issue, it takes a lot of "buying power" to move the price significantly.

@ B_Positive;

Are you sure 0.5 p ? 😅

@ ed41;

Yes, but WCE trading is shut.

@ Paulb20 ;

However, I think the news will release before then.

@ Magnum.PI;

Yes, it’s clear.

The share price is not moving properly. Scam company…

The announcement is related to exploration results from the Elizabeth Hill Project, which suggests that they may have discovered something significant that could impact the company's value. The company has paused trading to prevent trades based on incomplete information. This is a standard practice when companies are about to release important news. If the exploration results are positive, it could lead to increased investor interest and confidence in the company's future, potentially leading to a rise in stock value once trading resumes. However, if the results are not favorable or if the capital raising is perceived as a sign of financial distress, it could negatively impact investor sentiment. Overall, while there is potential for positive developments, there is also uncertainty until the specific details of the announcements are made public. We should closely monitor the upcoming updates to gauge the implications for the company’s future.

Our most important question is how will the results have effect on UFO sp ?

Yes, I think it is normal halt because of results.

Napthman1 was sure and telling it's 0.3 p on friday. He disappeared today ;)

@ flatliners ;

A post which deserves the prize of excellence of the best post of the year 🤣🤣, I am still laughing man.

I noticed the buys in the last days were more than sells. However the market capital dropped from 25 million to 19 million. How could this happen ? Salaries of BOD alone is not the main factors. Mining expenses is the reason ? Someone stealing ?

@ flatliners ;

I understand your anger 🤣🤣🤣🤣

@ Chrisatbirdies;

That‘s exactly what I told to @ rocha 1 yesterday. It shouldn’t comply to the famous proverb "Better three hours too soon than a minute too late." I think the 0.5 p point will be reached not earlier than the end of march.

The majority of buys with few thousands are funny, investors have fear of getting risk.

@ rocha1;

I do so. Are you really expecting everything from them to happen on time ?

I already stopped that in the last few days.

@ mercedesman;

Why on monday ? I don't expect any obvious move untill the end of march...

@ B_Positive;

“ May well see West Coast drop spectacular bonanza silver assays on the ASX tonight and then tomorrow this opens up above 0.3 and can easily rise to 0.5 in a single session”.

That would be great.

Yes. The drill program is anticipated to be completed in February 2026 with assay results anticipated approximately 4-6 weeks after completion.

He talks fully sure and I wanted to hear that again. I think its not difficult to say I guess or I hope instead of throwing stones to the sky.