Member Info for Max111

*sorry silver options should expire @12:25 Central Time (CT) which is 18:25 in UK.

@livestock. The buys are buys. I've been getting dummy quotes at same prices today.

I'm now getting NT to buy 1M again, but can now get quotes to sell 4M shares.
Silver options expiry should be done.
Looking fun :)

@Leweyman, we just ticked up. The dip was bought by people who have researched Hamersley & Elizabeth Hill.

I'm getting NT to buy 1M shares, but can get quotes to sell 3M.

The sector has had a big impact. Look at SILJ. It was at 18 on 1st June, now at 13.7.
But analysts are saying that is about to change after silver options expiry today and FOMC meeting today, with rate decision tomorrow evening (UK time).

IMO what is needed to move the pendulum for a project generator company like UFO to go to high gear is for Bill, the BOD and the tech team to prove their technical competence in hunting for the commodities, and converting the exploration targets into a JORC compliant resource.
This is exactly what is about to happen.

@ohwhatif, someone asked Bill that question in the June Presentation and he said:
"There has been no discussion or thought to that at the moment."

@HH, it is unfair to compare UFO with other juniors that require hundreds and even billions of pounds of investment in order to get their commodity to market.
It is better to compare UFO with a company like Fenix that only has under 10M tonnes of DSO and a market cap of over £100M. Plus they are trucking their DSO 490km, when as Bill said at the presentation, "We are only 170-180km by road to Port Hedland and we are in the heart of Iron Ore country, the infrastructure is there, the roads are fantastic."
Fenix only took 4 months to build their mine = Very simple operation. 1 excavator, 3 trucks. Crushing & screening using a mobile modular unit.
Therefore, unlike the other juniors, it's not going to take 8-10 years for UFO to be able to cash in on the high iron ore price which Goldman said, "Iron ore bull market likely to run until at least 2023".

Yes, the exploration targets were set last year in RNS 25th August (before they completed mapping & sampling - RNS 9th October).

Back then, the only data they had to go by were the 4 holes drilled by Volta in 2014 at the Sirius Extension, one of which returned 126m @60.28% Fe.

In Turner Pope's SOTP valuation Research Note they stated:

"Discovering significant deposits and advancing them to resource estimate stage, either with a partner or by self-funding, will be the KEY DRIVER behind any valuation uplift for the Company."

This is exactly what the company is doing with making significant discoveries at phase 1 drilling, awaiting phase 2 resource drilling results which Howard Baker (who did the Mineral Resource Estimation for Rio Tinto’s Brockman sites) will then work on to convert into a JORC.

It's also important to note our valuation at Hanc0ck is only based on the Sirius Extension target. It doesn't include Ridge C (850m of DSO strike), Ridge E (1400m of strike which remains open in both directions - further 8.5km to the east within the tenement!) and the new target "Krill Back".
Plus we have only covered less than 30% of the tenement.
Our exploration will be revised significantly upwards IMO.

Also RNS 9th Oct (which was the only RNS during the rise to 3p) stated:
"Initial interpretations are excellent with indications of the presence of a larger amount of the mineralised Brockman Iron Formation than originally thought."

Should be getting the permit to drill Brockman very soon. Can't wait!

Rio Tinto & BHP are almost at record levels and we are only just starting the infrastructure stimulus. Looking great for Iron Ore. So grateful to have stumbled into this sector, when I initially came for the silver!

https://www.proactiveinvestors.co.uk/companies/news/948952/five-reasons-the-iron-ore-price-is-so-high-948952.html
"At the more junior end, companies bringing on iron ore projects that could benefit are Alien Metals (LON:UFO), Zanaga Iron Ore Company (LON:ZOIC), Black Iron (TSE:BKI), and Anglesey Mining (LON:AEY)."

UFO is the only junior that is bringing on an iron ore project that has a large est target of Pilbara DSO. Incredible upside potential!

Wow, can now sell 1M @0.855p.
Buyers are coming in.
Price will run back up soon with buying pressure.
We went from 0.84p to 3p within just 4 trading days last October!

Yes, and getting very close to finally getting a JORC on the Sirius Extension which IMO by itself will have a larger amount of DSO than Fenix's total reserves.
Eg. hole 48 = 103m @ 61.8% Fe from top to bottom and open at depth! Absolutely incredible!

Ticking up :)

News is due on drill assay results and Elizabeth Hill Tailings project.

Yes Lyndon, I wish they just delete individual offending posts rather than the whole thread.
We keep getting a lot of info, links etc getting deleted. It's a real shame.
It wasn't like this last year!

Also I like to look back and read old posts from the past during key moments, especially those from 14th Oct - 19th Oct when the SP was going up 0.50p per day!

Patrick Karim & Northstar were right about the move up to the resistance line at 3p last year.

Yep, I just remembered that today. It was something I was arguing with Wents about the day before the silversqueeze move.
All the silver investors like myself at the time thought silver will break $30 (when a record amount of silver was bought), but then on 2nd Feb they monkey hammered it.
Just a matter of time.

Patrick Karim just liked my tweet :)
https://twitter.com/MaxUFO8/status/1418224869611819008

Looks like someone sold their shares just before news to me! lol

Watch from 3mins = https://www.youtube.com/watch?v=RG1rft7kROU

He said that back in 7th Nov 2020. Patrick is good!!

Interestingly after the peak last year, Patrick Karim said UFO will make a 78% retrace move to 0.77p, then head back up and go to 7p by 1st November 2021.
He got the retrace move right. If silver hit's it's ATH of $50 this year and if the price of Platinum pops (which is looking very likely), he could be right.