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Wentsland wind your neck in mate.. i was only musing about the price action not the news.. and only in relation to Silver.. nothing else.. which i explained.
Thats why i used the words Hypothetical.. you cannot seriously think that an IP survey pushed the SP up 1500% !! the whole market went Banana's.. this is why I mentioned the liquidity..
Yeah @Bobson i dont doubt it.. Hanc0ck is clearly the number one issue.. and remains so.. and i remain un-convinced by anything UFO say at the moment..
i do wonder however that should the Silver price really take off then it will bring a lot of punters that will just find UFO out of curiosity alone.. they wont have the scars that most of us bear.
My thoughts were really around hypothetical notions.. the MCAP is so low now that UFO could be one of the cheapest Silver stocks on earth..
Talking about Silver and its possible impact to UFO.. had a quiet day so I was just looking back at 2020.. Silver peaked out at about $28 at the start of August (around the 3rd of Aug 2020) at that point UFO SP was around 0.0018p not far from where it is now.
it took 53 trading days from the peak of the Silver price to the peak of the UFO spike.. to move about 1500%+ to 3.2p intraday.. funny enough the price of silver was about $24.50 when UFO hit its peak.. so lower than it is today.
but Silver did not ever really go any higher than early Aug2020 except the "silver Squeeze" of Feb 2021. Here there is a clear correlation between the UFO SP and Silver prices.. there was a 100% SP rise "event" at the same time as Silver squeeze in early Feb 2021.. Sadly its been all down hill since then.
So.. IF.. silver can break on through the $30 barrier and beyond.. it will be very interesting to see the reaction here if any.
Hypothetically if it breaks and back tests above $30.. then you got to think $40 + is on the cards.. then you would have to expect some impact here albeit delayed as it has happened before in the past
Just my musings.. im not really sure what the impact of high Silver prices would be on UFO.. I cant be sure that the price of silver had anything to do with the spike of 2020.. i could have just been liquidity form all the furlough money and people trading at home all day ??
SIlver is looking very bullish.. lets see if its can weekly close above $28 then we are cooking.. it does seem like its almost a nailed on given where gold is trading..
a no brainer.. but those are ones that get you on the wrong side of things usually
The issue is that the company do nothing to help whatsoever.. is it in their interests that the SP is driven into the ground ? so likely that the MM's will just keep taking it lower on low volume until the true bottom is discovered, or the company just cease to exist.
@Max .. paid ramper.. its not often i ever filter anyone.. i did filter C2 once as he was just being obnoxious..
So its time for you to go into the filter.. in my view you are either deluded or your paid (or both) , and you parrot the rubbish that the so called BoD spout . 95% + SP drop from peak is enough for me to know that this company is a mess..
If you turn out to be correct Max .. i will apologise.. but for now goodbye
I know .. its so obvious Max is a plant.. im pretty much ready to filter the idiot.. probably some low paid grad with multiple monikers..
The resources are more or less worthless when the company who owns them doesnt have the skills to get them developed..
We are like the Lord of the manor in our vast estate who cannot afford the electric bills or to fix the roof.. its no different here.. Billions in resources is meaningless when you are skint..
@chisler. We could do worse for a CEO. At least he turns up most days and says something. Got to be better than the empty chairs that we call management.
$26 silver and the break could finally be on. But sadly UFO have been destroyed by utter incompetence. Very sad.
MMs seem happy to keep taking the sp into oblivion on low volume.
@ Sharebel yes its an interesting situation this one.. maybe a binary outcome ? .. Kibo own about another £300K at closing price.. its not a great deal of cash in the grand scheme of things.. a group of PI's could buy that kind of volume if the funding gets agreed and PyeBridge gets going again in the short term..
it looks like its valued to go under.. it could well do.. but for me at this price anything like good news with Kibo nearly out of the way and this will move a long way pretty quickly.
I cant put a sensible value figure on it short term.. but if your a chartist then its pretty clear that 1p is the bottom of a price zone that would be nice to see MED have a go at if things turn out well..
Who knows ?
@BFD. AIM is a sewer really. Most of the companies are run by low level management or dreamers. But there are diamonds here and there.
I thought that UFO might be one of them but they turn out to be a lump of coal.
If you look at the failure rate it’s likely a very high percentage of companies ultimately fail to achieve anything. They get diluted away and consolidated into other failed companies. It’s a wash and repeat cycle and you’ll find the same names pop up again and again. Like Rod.
@ Devil.. i make you right.. AIM has been in a severe bear market for years now.. whilst the large / mega cap stocks have all been having a great run.. even the resources we own have been rallying whilst most AIM tiddlers have been destroyed..
you have to look at the actual punters that buy these types of stocks.. most of them probably working / middle class and working. So these are the people who have taken the brunt of high taxation / cost of living (energy) now high interest rates and inflation as well as now higher mortgages and families to support. not to mention (go back to the office 3 days per week which costs a fortune) whilst the big boys have sailed off with all the cash from covid and pumped the Big stocks to the moon..
its just a theory.. but i think most on here would see that there could be some truth to it..
@CHris2 we have all read your musings over the past few years except when I had enough and filtered you for a while.. but youve got lucky mate... you are not the oracle you think you are.. you have no idea what you are talking about just like the rest of us on here.. The Haddock is correct.. both sides of the same coin you and Max.. he is just as delluded in his own EGO as you are..
I admit that I got UFO really BADLY wrong.. I had a huge opportunity to take money off the table.. but I got greedy and have watched large paper profits evaporate like death by a thousand cuts ..
I misread the markets at the time in 2020.. But i count myself more fortunate than most on here as I bought in low.. but in some ways it makes it much harder as i had so much profit on offer..
Not that i take advice from BB's but Max has proved to be by far the most dangerous..
@HH thats a great post.. and true.. plenty of folks here are coming to terms with the facts of the past..
just a few that will never budge on it .. but then they get paid not to budge.. (max)
For me I am confused as to the current strategy ? are we still going to mine Hanc0ck ? is that going to be JV'd ? are they talking about JV's at Pinderi and EH ? or just EH.. ?
Im lost..
A good day at last.. need a few more of these thats for sure..
But welcome after such a bad run
@HH you are spot on.. most of the PM "bugs" are a bit fanatical .. ill include myself in that group as I see the sound money argument when you look at the printing that's happened over the past 15 years.
I dont think anyone investing or trading in the AIM market could profess to be anything other than a gambler really. there are plenty of really big boring stable companies that just churn out constant profits and divi's for your pension pot..
But where's the fun in that ?
Most of us were here for the Silver in the first place I know i was.. I would love to see it finally break the iron grip of JP Morgan and chums..
Yep. The FED have green lighted cuts. Silver and gold are off again.
You feel that silver especially needs to clear $26 to be considered a proper break out. But it’s not far off.
Hard to say if it will help UFO at all. But if it breaks $30 then it could be helpful
@HH. With such low odds of success perhaps ufo have thought better of it all. They did go back to the BBG statement in the interview that we are not miners.
I just can’t quite work out if they mean to JVs on Hanc0ck or not ?
@Lyndon.. it only hurts because its the truth mate.. Happy to be filtered because until this BoD actually achieve something other than paying their own salaries off my back, its going to keep on hurting..
Anyhow..
At this stage I would be happy to give away Hanc0ck at 50% on JV.. forget all other projects.. this is a survival situation and if someone (Fenix for eg) would be willing to join the project rather than just wait for us to go under then take it for nothing then Im all for it..
if there is $20 - $40M per annum at Hanc0ck .. and we got $10 - $20M then I would tear your arm off for that at this point.. its a shame but we have run out of road.. unless they can pull a rabbit out of the hat and get the funding on good terms which is a long shot when your borrowing money to stay afloat.. even the AA deal required a $5M capital requirement from UFO..
At least then we would be cash generative which is still a game changer.. albeit at a lower level