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News like this is very weak, if they had anything remotely interesting or knew it was coming soon, they wouldn’t bother posting this small update. This only means that they estimate that significant news is not around the corner.
The usual SP reaction:
- a very transient 6% rise
- ecstatic messages from Max111 and followers about a sustained rise, fair value, last chance below 1p, etc etc
- SP going back to baseline and below after 4 hours to 2 days
I don’t think Max111 is a paid ramper. Even if he was at some point, they would have fired him long ago. I think he’s just a random private investor with extreme amounts of free time. Let’s say on average he wastes about 5 minutes of ‘research’ time per post. That is over 600 hours of time over the past 3 years. And that is probably a VERY conservative estimate, it must be well over 1000 hours in reality. What do you expect him to do now? ‘Oh well, I was wrong, I’ll pack my things and go obsess over another microcap stock?’ He just can’t…UFO is part of Max111 now.
Can’t help but notice how some of the people who are now bashing Max111 were among his most devoted followers not long ago, chasing everyone away who expressed caution about the company, let alone oppose Max111’s ridiculous claims. Now that the company is in total ruins, suddenly they have seen the light. Big surprise…
Support for Max111 comes and goes with the SP. He is used to receiving a lot of online abuse after a raise, or a sudden drop in MCAP. But don’t worry, he has standard replies for rainy days like these.
- fundamentally nothing has changed
- China needs our iron ore
- world class mining jurisdiction
- high grade iron ore ready for extraction
- everyone who disagrees is a non-shareholder.
‘ I also bought 10,000,000 shares on 30th June for 1.6p and sold on 26th June for 5.15p.’
Did you travel back in time to sell your shares? I would not mind to travel back to early 2021 and sell my UFO shares to Max111 who is certain that Silver will hit $50 in a matter of weeks. Oh the volume of nonsense produced by this one account. Maybe they are a team of rampers working in shifts.
Yes, would be very interesting to hear from Max111, after all he’s invested thousands of hours of his precious time into this company. Back in April he told a new investor that UFO was just about to transform into a producer in the comings months. Please Max111, enlighten us. Has anything changed in your opinion? Are we still on track to start producing next week?
Wow, another massive delay, and they’re hiding behind some document that could have been made long ago. If a DFS is so important, why didn’t we hear from it before, after months and months of …. Nothing?