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@Yayay yeah i agree.. its not beyond the realms that this could just be a "story" to attract attention ? who knows..
But I think we have more or less doubled from the low .. some decent looking price action today as well.. as we speak I think we are ticking up again .. so whatever is going on .. its seems to be working at least today ??
It now seems inevitable that silver will get through the $30 and then the break out is really on. Gold has still out performed Silver on the year by some 5%.. so you’d think Silver would overtake at some point.
It will be interesting to see if UFO really starts to attract attention because of the Silver assets.
At times like these the UFO news (unless tragic) is less important than the sector itself, folks are out there hunting for value..
Nobody can deny that there is a metals rally on.. cash has started to flow into resource stocks. you only have to look at all the Large Silver miners (FRES, HOC, PAN, FSM, AG etc) they have all done more or less 100% from the recent lows.
If you were to search the broader markets and ask "where are the cheap stocks ?" the answer is.. Silver / Gold / Copper etc.. they also hedge Global risk which is pretty important right now..
Silver fighting back up towards the key $30 again.. there are a lot of AIM mini stocks that could catch a bid soon..
I have been quoted that I think Fenix will end up with Hanc0ck as its seems to be in their wheelhouse.. To be honest I really dont have a clue what UFO's actual strategy is anymore..
One thing I do know.. is we really need to finally break this downtrend thats been in place for 3.5 years now ..
We need to be careful when dealing with large companies.. it all sounds good in theory.. but in practice it can murder a small operation like UFO.. OMI had a similar issue.. they JV'ed with much larger companies and got mothballed and it took ages to wressle back control.. the big boys have many irons in the fire..
Clearly direct access to the GNH is key for the UFO and potentially for other land locked resources surrounding it for miles.. we need to play this just right.. but alas.. I have zero faith in the current management to negotiate a good deal..
If Kibo had sold then I think the TR-1 has to come out by the end of the next trading day. So if they had sold into the volume then it should have been Friday Night the RNS came out..
I am sure there are ways around this rule.. but it could be that Kibo were not involved on Thursday. ?
I have to say its suprised me that there has not been a Kibo TR-1 .. the volume we had on Thursday was really high.. and looked very much like the price action of the previous offloads.. the price was kept around 0.60 which was the case prior.
I guess we will see.. just some musings to pass the time.. but the patient is looking a bit more healthier.. chances of survival are now that bit better..
Hard to say what Kibo are up to here. But we’ve traded the equivalent amount of shares that they owned at the last TR-1.
So about 33% of the shares in issue.
They could be out ? Who knows but I’d be staggered if they didn’t sell anything into this volume and it’s all been PI s ?
It is important to get the small details correct. It’s an indicator of professional integrity.
Happy if UFO are getting deals done. But it takes nothing to get a student or a small web company to update your front of house.
It’s window dressing.