Member Info for Max111

MrSipp,

Please read RNS 16/09/20:
Field work confirms high grade Silver at San Celso and Los Campos Silver projects

Elizabeth Hill = Ave over 2000g/ton silver. The largest nugget found in Australia ever was at EH = 180kg!!

DYOR

The warrants of just 83M presented the only downward selling pressure on UFO.

Now no more warrants expiry until 2022.

And I can't currently get a quote for 1M shares.

As per Steve's chart UFO will now continue its path upwards. Enjoy the ride astronauts!

Lack of shares available. I can't get a quote for 1M currently.

Price will have to go up today to entice sellers.

83M shares from warrants have now become effective at 08.00 28 October 2020 (as per RNS 22/10/20) and I can’t buy 1M shares!!

=> BUY MODE!

Silver options expiration ended yesterday. Normally the price of silver is held down for options expiration.

Therefore, we should head back to $25 and upwards very soon. Now is the time to load up on silver.

UFO gives you very high-leverage on the price of silver since and we are the best junior silver play on AIM with 3 confirmed high-grade silver projects.

Very much looking forward to getting back towards 3p :)

Thanks for sharing the chart Steve.

Bill has been a master of RNS news flow.
Any dips, I will buy into since the news flow from 6 projects will provide an uplift as the PM space heats up in November.

Holding long & strong :)

Nice one Nap.

Lets keep our eyes on the prize (silver & base metals!) and not be distracted ;)

Hi Keith,

Great to hear from a genuine shareholder!

I only use the the free chat, so not sure.

Since we had the rise, it's been the strangest period on this board.
Hopefully the caravan will leave soon and we can get down to business again :)

People spending their time de-ramping on this board, please be honest and give a reason on your intention as to why you want to de-ramp.

Is it because, you like the company but want to get a lower entry?
Is it because you have just shorted the stock and want to buy it back cheaper?

For shareholders that ramp, we don't need to give a reason because we are shareholders! Of course it's in our interest for the share price to increase.

Hi Wents,

You were consistently wrong about the KMG shareholders selling UFO shares:

"KMG shareholders will be looking for a nice instant profit, thats what its all about, making money and walking away."

"KMG shareholders will sell for a big profit and some will move on and some who believe will buy back at a lower price."

"KMG shareholders selling , i believe it will drop further and before its next rise i will buy more."

Then you missed the big rise after people realised that KMG shareholders are sophisticated long-term holders and didn't sell (as I was saying).

Then you missed the big rise again from 13th Oct, when you were de-ramping again.

UFO is a long-term play but you try to trade it and miss out on all the large gains.

But at least you are honest when you said, "don't fall in love with a company, use it , abuse it and dump it, it has no allegiance to us." So for that I respect you as you are up front about your position.

Bear in mind though, just because warrants have been exercised (and there were only 83M), it doesn't mean people will sell them.
Eg Valuerebel said he has 20M of the warrants and will just keep them as shares.
I think people will hold out for a higher price then sell now at this low price.
Especially as we are due the Assay results this week and big news flow to follow next month with our 6 projects.

I'm not going anywhere guys. Don't worry! I just didn't have any other suggestions for the price move today.

On a positive note for UFO, Patrick Karim who was right about UFO before, said Dollar is looking week and silver junior miners could explode early November.
I think we will see a huge move in November. Not long now!

It's like pushing a beach ball under water. When they let go, watch out!

It is very easy for MMs to get trapped into being short in dealing in a fast moving market.
They then employ every trick in the book.

Someone put up a post about it earlier.

Also they were expecting more of the warrants to be exercised, but they were already exercised in the previous rise.

For long-term holders, the market will correct. It's just frustrating to see the SP down after yesterdays amazing M&A update and award of new licence!

http://www.rns-pdf.londonstockexchange.com/rns/1291D_1-2020-10-25.pdf

To me, it seems like they were trying to hit as many stops as possible to fill yesterdays orders.

Goes to show, watch your stops if you have any.

Do your research thoroughly on a company and invest for the long-term. With patience, you will win :)

But if it was a trade from yesterday, they sometimes the MMs drop the bid (as in today) to fill the orders from the previous day!

Probably a delayed trade from yesterday. It does that sometimes.

Hi Gladiator57,

My personal theory is that UFO was shorted last week.

As Summerfun said on 22/10/20:
“A strong rise tomorrow, technical, the JV and company assets has just made the company extremely valued. I am new to this share but I have looked at the full picture and all the news, this has been shorted it looks like, share price should now be around 6p.”

There are a lot of new people on this board with short positions on UFO, which they need to cover.

Thank you Keith,

I am very excited for this week.

Keep in touch :)