Member Info for Lth-sometimes

The chairman should want that I agree but history has shown that they don’t give a ‘f’.

I sincerely hope that you are correct as whilst I have written this off I would be very grateful to have my paper loss reversed.

When the Errawarra JV was announced the SP was 0.16p.

Big impact that had after all the posturing of a lithium game changing ‘find’. Since then nothing substantial other than a reissue of known data and further raises.

The market (and I) seems to expect another dilution before any ‘game changing’ RNS announcement.

That was not what he said but maybe what you heard. I interpreted his vagueness and lack of clarity a little differently and so it would seem did the wider market.

News that UFO is under new ownership and is now run by a competent BOD would likely offer the most chance of a rerate.

16 Psyche asteroid is worth around $100,000 quadrillion.

Problem is getting to it & we have the same issue based on past performance of the BOD.

Agree F29, something is afoot.

I imagine it’s positive though rather than anything we should be concerned about as I’m sure it’s a smart move for one of the major shareholders. This being the case it’s therefore likely to be good for the SP in the medium term.

5 years until it moves - what are they taking about??

The SP moves down almost every day….

Outstanding move today though, well done the BOD in placating market sentiment.

I bought into this for the ore - one of the 1% apparently.

Based on UFO statements of: explorer to producer, shovel ready by Jan 23. In my mind silver was always a longer term ploy which was to be financed with the profits from surface scooping the ore off the deck. Gosh that must be sooooo difficult so arrange.

Today’s RNS is a statement of what’s already known and, imo, a pathetic attempt to prop up the SP in readiness for the next placing. Given how inept the BOD have shown themselves to be at anything other than dilution I doubt any deal will be signed off in 2024.

Doing a dummy sell on HL - I can get a quote for 1m shares.

1,000,001 and they’re not interested.

I know what this says to me but make your own judgements.

Was going to sell half my holding to invest elsewhere but the fees for the multiple trades kill that. Hey ho.

Fortunately I write my posts in notes so to copy and paste again.

This BB has descended into a bigger joke than the UFO BoD in my opinion.

However, just to add my 10pence….

What does DYOR actually mean in the case of UFO?

We use it in posts to cover our rear ends and to look like we actually know what we’re talking about when in reality very little information is actually available about UFO in the public domain other than what UFO themselves have released.

So, we have the UFO website, sure, RNS’s, ok, and one’s own knowledge of mining which can be gleaned from various sources.

Other than that I would imagine that a lot of amateur investors (and I include myself in that category) scan the internet for whatever other information they can find about related companies, market sentiment, surrounding tenements, their owners and yield, predicted timelines for each milestone etc.

At some point it is quite likely that one stumbles across this BB.

Then put all of the gleaned information, UFO’s in ground assets value & the timelines from RNS’s with the constant positive sentiment from Max - all (most? I don’t bother looking anymore) of which is factual and can be checked out & bingo. One can be forgiven for thinking that you have uncovered a classic contrary stock so you’d best pile in.

I would suggest that Max has influenced more people than would like to admit it. Was their decision to pile in based solely on his posts? Unlikely. Have his posts helped some cement what the RNS’s and the in-ground assets suggest should be a hugely profitable enterprise. Well I imagine that this is much more likely.

I’ve been invested here sometime now and have watched the ever changing management team enact the BoD’s desires and what has happened? Nothing, well nothing except false promises, cash burn, dilution/raise, repeat.

So why would you knock your own investment? Well for me, as a bystander watching my investment being slowly eroded through lack of action, lies and misdirection it’s difficult not to - where else can you vent? Ooh maybe send a strongly worded email to investor relations. Do you really think they give a flying F about us PI’s? Their platitudes in rare interviews say they do, of course they do, that’s supposed to be their prime directive. Unfortunately their performance, delays and repeated dilutions suggests otherwise.

Here we are again and I’m still holding. Yep, I’m a tw@.

Yep - the invested are unhappy about the SP, nervous that we are being spun and sceptical of the BODs performance to date.

Last chance to buy in under 0.1p - why not try that one next. Be like the good old days only 1 factor less.

Fun and games for you maybe Max as you’re paid to post and aren’t invested. Tw@.

Looks like the positive sentiment of LTHs is starting to falter. Even those fairly new holders who expected a fast buck are seeing that the BOD seem incapable of driving this towards production or a JV. As has been said by me before and by others more recently, my losses are too great to bother selling so I hold in the vain hope that I and the market are wrong and the BOD will actually do something before the next (inevitable) placing.

Last time I posted my view(s) I was accused of being an angry troll rather than the LTH who is p1553d off and feels conned by older RNS’s. Fair value 2.7p!! 0.027p seems more likely. That or an asset only sale to line the pockets of those calling the shots at the expense of PI’s.

And ‘in the coming year’. That’s 2025 in my parlance.

If you believe that they have better offers then yes.

Unfortunately as a LTH this shower have misled in past RNS’s and who could prove that a flurry of new proposals has been presented. If it looks like xxxx and smells like xxxx etc.

Water cooler meeting at UFO

Quick, it’s nearly the month end we have to say something. I know, let’s just say that there’s loads of other parties interested and we can sail through for another month or two, no one will know. But we can’t keep doing that, we will kill the SP.

Exactly so.

Prefer - prepare

‘Deferring previously disclosed JV discussions…’

Translation: prefer to be bent over for the next placing.

The scene is set, should be an exciting Q4.