Member Info for Max111

I like to know about facts and look forward to reading the article why you post it. TIA.

Hi Bline59. Do you have the link for the New Scientist article?

Copper surged yesterday due to deficit:
https://www.bloomberg.com/news/articles/2021-02-22/copper-surges-above-9-000-as-major-deficit-drives-record-rally?utm_campaign=socialflow-organic&utm_source=twitter&utm_content=markets&cmpid%3D=socialflow-twitter-markets&utm_medium=social

Shortage in global iron ore supply to stay: Rio Tinto
https://www.australianmining.com.au/news/shortage-in-global-iron-ore-supply-to-stay-rio-tinto/

The Silver Institute said we are running at over 300M oz/year silver mining deficit!

On 1/2/21 we traded 327M shares on that one day alone!

The Times referred to us as a minnow! lol
https://twitter.com/ShareTalkNews/status/1356587462370418689

Daily Mail's This is Money:
"Fresnillo was the highest ranking in first, followed by iShares Physical Silver (second positon) and Alien Metals (third), which mines silver among other precious metals and base metals."
https://www.thisismoney.co.uk/money/investing/article-9209527/Silver-prices-jump-eight-year-highs-Reddit-traders-pile-in.html

Silver breaking out past $30. On the last attempt 3 weeks ago we traded over 600M shares over just 3 days and the SP touched 1.6p. We were mentioned in The Times and Daily Mail.

Hopefully we get the RNS news to coincide with the breakout :)

I found Chris Marcus's interviews very enlightening. Especially the one where he interviewed former CFTC? commissioner Bart Chilton. Bart explained what happened in the silver market once Bear Stearns failed and was taken over by JPMorgan?.

JP Morgan Short Silver Position Confirmed By Bart Chilton (CFTC)
https://www.youtube.com/watch?v=1cM5gnd0tf8

Chris Marcus has a great book:
The Big Silver Short: How The Wall Street Banks Have Left The Silver Market In Place For The Short-Squeeze Of A Lifetime
https://www.amazon.co.uk/Big-Silver-Short-Short-Squeeze-Lifetime/dp/B08BDZ5H6K/ref=sr_1_1?dchild=1&keywords=the+big+silver+short&qid=1614031908&quartzVehicle=705-1272&replacementKeywords=the+big+short&sr=8-1

This was one of the main reasons I invested in UFO and also since UFO is the best junior silver play on LSE and my trading account only allows me to buy LSE shares.

Shortage in global iron ore supply to stay: Rio Tinto
https://www.australianmining.com.au/news/shortage-in-global-iron-ore-supply-to-stay-rio-tinto/

As Bill said in a previous interview, “Obviously we will incur interest from the these parties (Rio, BHP and FMG) because we have done all the groundwork and all they need to do is come along and dig it up and chuck it on a train and send it to China or wherever it’s going to go.”

SP up 6.67% today.

myavian, I really hope for you that you haven't shorted UFO.

When people worry the SP will get away from them and they have their money tied up elsewhere they start their de-ramp.
Hence why Casa is such a good contrarian indicator!

Casa I have a good memory. You said you had 2M shares and had sold out. Then recently you said you have 5M shares.
Now you have attracted myavian who has failed to answer the question eddie asked him.
Very sad.

A lot of buys are showing as sells since they are on the lower part of the mid bid-ask spread.

This is going to be good...

Hi HH, Coper breaking out which is causing a rise in miners with copper deposits. Also run up to the results.

Maybe the last chance to buy below what the non-exec director just paid = £62,500 for 5M shares @1.25p.

It was this interview that got me to invest into Bill and UFO.
Bill shows his real passion for geology:
6:30mins - “You can see the copper mineralisation in the rocks. I’ve actually got a specimen here at home that I hoard jealously rather than send it to the lab!”
https://www.youtube.com/watch?v=HNF4IrwydnI&t

Capstone are now flush with cash:

Capstone achieves net cash position with $150M received from Wheaton
https://www.kitco.com/news/2021-02-19/Capstone-achieves-net-cash-position-with-150M-received-from-Wheaton.html

“With a current net cash position, this transaction gives Capstone one of the strongest balance sheets amongst its peers,” said President and CEO Darren Pylot. “Additionally, we are expecting around one billion dollars of after-tax operating cash flow over the next three years in the current $4.00 copper price environment."

Therefore, they have all funds in place to rapidly develop Donovan 2. Fingers crossed on good drill results!

There is a nice interactive map at the bottom of the webpage:
https://capstonemining.com/operations/cozamin/default.aspx

It shows all the infrastructure that Capstone already has in place which is next to Donovan 2.
Therefore, this makes Capstone the best JV partner.

*Cozamin has 10+ years mine life

You can see details here:
https://capstonemining.com/operations/cozamin/default.aspx