Member Info for Max111

The SP dipped and then went back to unchanged, so the last 1M deal @0.824p must have been a buy.
Looking forward to getting some news from Elizabeth Hill since they have been on the ground there for just over 3 weeks now.

Smiller, you were close enough with your CPI call of 5%.
"In the 12 months through June, the CPI jumped 5.4%. That was the largest gain since August 2008 and followed a 5.0% increase in May."
https://www.reuters.com/article/usa-economy/wrapup-1-u-s-consumer-prices-post-largest-gain-in-13-years-idUSL1N2OP138

CPI data gets announced 8:30am USA time.

It will be interesting to see what they officially state as the CPI figure.

https://twitter.com/fintactica/status/1413486302197071872

The rumour is that we will get a high inflation print for the month of June when CPI is released on Tuesday 13th July.

If that is the case, once the inflation genie is finally out of the bottle, the Fed is powerless to put it back in (unless it does a Paul Volker with 20% interest rates which can't happen).
It's was only a matter of time, especially since they had printed 40% of dollars over the past year!

https://twitter.com/goldsilver_pros/status/1413241202514841602

That sounds about right silverhorse. We have a current downside valuation of 3p already. Just need sentiment.
The silver bull will come back very soon ;)

Silver has always been a big driver for UFO.
It's been very frustrating for silver investors since last year.
But the patient silver bulls are about to be rewarded as the DXY finally breaks down and silver shoots up.
It's actually perfectly timed for us as we are just about to start drilling the highest grade silver mine in Australian = Elizabeth Hills :)
I was always hoping silver's breakout will happen as we start to make discoveries in Elizabeth Hill.
Once silver price moves up, you will see UFO's SP run up very fast.
As we have seen, just someone trying to buy over 7M shares pushes the SP to around 1.25p.

@Dip666, it's what Ken Watson based in Perth tweeted today.
https://twitter.com/ken_kfwatson/status/1412703636061257730

Therefore, I don't expect any significant delays at all.

FYI, I'm hearing that the labs are getting back on track and assays are getting done in 3-5 weeks.
Lab delays are not as being portrayed.

@HH, why would you say 3p was a "bubble" when our 90% interest in Hamersley gives a downside valuation of 3p (upside 10p without JV).
Plus Bill issued an RNS on 16th October to justify the SP stating:
"The Company has also commenced discussions to increase the Company's current interest of 51% in the key Hamersley tenements."

And prior to the run up to 3p, RNS 9th Oct stated:
"Initial interpretations are excellent with indications of the presence of a larger amount of the mineralised Brockman Iron Formation than originally thought."

Obviously there was a lot of profit taking, especially by the TR1 Aznav. But now money will come back in as we get the lab results.

@HH, in the interview 4 weeks ago (7/6/21) Bill said, "The team managed to send out the first batch of samples about a week ago to the lab in Perth. We are hoping to start getting some lab results back probably in another 3-4 weeks time."
Therefore, the 1st batch of lab results are due any day now.

He also said in the interview, "Howard Baker (who did the Mineral Resource Estimation for Rio Tinto’s Brockman sites) will start putting together a resource in 4-6 weeks, 6-8 weeks worst case if there is a log jam in the lab."

At the Investor Presentation on 16th June, I believe he said he was hoping to have the MRE, JORC compliant mineral resource in the next couple months.

Fenix that has under 10M tonnes of Iron Ore has a Mkt Cap of nearly £100M.
Just our Sirius Extension DSO which we will get a JORC for is looking very likely it will have over 10M tonne resource since it was open at depth.

Yes definitely surprised to see the SP at this level so close to getting a JORC. Yes Capstone had a big effect, but people don't realise that on the same day news was announced about Capstone, the share transfer took place and as I was saying on the day signalled that the 90% interest deal was going ahead.
UFO's previous 20% stake Donovan2 only constituted a small part of UFO's valuation. UFO's valuation was mainly based on a 51% interest in Hamersley, and we have just increased the interest to 90%.
Now just need the 1st batch of lab results to get us going again, and we will re-rate hard as people understand the economics of the Hamersley project. The upside potential is unrivalled as we prove up our est target of 245M tonnes of Iron Ore which currently sells at over $200/tonne and the large players unit cost is around $20/tonne.

@silverhorse, yes we should get the 1st batch of lab results any day now. Sirius extension DSO will be awesome. DSO is the best commodity for a junior miner.
Also really looking forward to finally start getting news flow stared from Elizabeth Hill :)

Chris2 (AKA Jeff Christian) that was actually Zak Mir's prediction, which is below our current downside valuation of 3p.
In October last year, when the SP was at this level, it hit 3p in just 4 trading days.

Good luck with your Pharmaceutical company you are invested in.

FYI, I can now get quotes to sell 7M shares in one go, but can only get quotes to buy 2M shares!

It irritates me when people keep ignoring how big moves in silver affect UFO's SP. Eg the day before silversqueeze, Chris2 was trying to convince people to sell at 0.85p and the SP went to 1.6p 3 days later!
Also how people forget the awesome results we had from Phase 1 drilling and XRF results from Phase 2 and the JORC we are just about to get very soon.
Traders are trying to hit the stops, and people are picking up bargains before the move up.

Is Chris2 actually Jeff Christian???!

https://twitter.com/alanincognito1/status/1412099186351394818

Chris2 getting very worried UFO's SP will get away from him whist he is stuck in another share. LOL

Chris2, do some research on the Gold Silver Ratio. This is key.
Good luck with the share you are invested in, HEMO that you cross-ramped on this BB when it was at 2.40p, now it's 2.125p (BTW I'm not deramping HEMO since I haven't researched it).
But I wouldn't wait too long to get into the gold/silver juniors.
Sentiment coming back in a big way. Inflation is NOT transitory. Look at OMI, up 70%!
UFO is next.
Personally never sell UFO since I know it's downside valuation is currently 3p and upside is 10p, and a JV will then multiply it. That is without the speculative fervour that will come when silver breaks $30 and heads to it's previous ATH of $50. The upside potential of UFO is unrivalled on LSE.

Very true Goingtomoonufo. Silver is about to take off like a rocket ship. Few people understand this.
This is why I have been invested in the silver market for over a decade. The wait will be worth it. It's a tiny market.
Doug Casey explains it as trying to syphon the contents of Hoover Dam through a garden hose!

London Stock Exchange is best place to get the SP (with a 15min delay)
https://www.londonstockexchange.com/stock/UFO/alien-metals-limited/company-page

Yes it's strange why someone would sell at 0.80p when they could have got higher price.
But those shares have already got a new home to go to, which is why I'm now getting quotes to sell 6M shares in one go, but can only get quotes to buy 2M shares.