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Great interview Bill, he's really growing into the role, came across really well, potential is huge! Hopefully we can stay at a reasonable level until april, wouldn't mind a few more in my ISA. Great improvement from last year, next 12 - 18 months should be massive, well done UFO.
that's more like it, only 6 messages on the board this morning and opening up red, its like last week never happened?! For anybody that jumped in last week hoping this was going to be multiples this week, welcome to UFO. Great potential as long as you have the patience of a saint, I was hoping we were going to set a new floor above 1p but it seems we may need to wait a little longer.
I think we'll be over 1p end of play tomorrow, I think they'll be alot of people hoping this will open lower and be buying in tomorrow or new investors increasing holdings, I'm hoping we have a new floor over 1p after next week, but who knows with UFO, probably get blindsided with an RNS tomorrow and lose all of last weeks gains.
I would like to know where we are with Mexico, it feels like a bridge too far at present. I think we need to prioritise DSO and drilling EH but with Hanc*ck and potentially Munni Munni on the cards soon, the cash burn could be increased and another placing sooner than we think, the sooner UFO starts generating revenue the better. I'd like to know how current funds have been allocated and at present rates how long current funds will last.
I think the whole financial market has been driven by huge amounts of greed since 2008, low interest rates and high liquidity, those with assets have seen there wealth increase multiple times in the last decade, how much money and assets do the top 1% in the world own now - 90% , 95%? Its not been fixed because the people in charge of fixing it are the ones profiting, we are just running out of road and have been on borrowed time since 2008, its a complete sh*tshow. It's awful to say but some people are going to lose alot and some are going to make alot when all this finally corrects itself, historically PM's do well in crashes, I'm trying to make sure I'm on the right side of that outcome.
@ smiller, I agree with you regarding the DSO, the quicker UFO can start generating a revenue stream the quicker UFO expands its business model, the cash burn and subsequent placings are standard practice for these types of investments, but the placings are always heavily discounted and stall momentum in the SP. Bill at present is having to be careful where to allocate funds and this is slowing down progress, when UFO can generate income the development of the business should be hugely accelerated.
My initial reason for investing here was for silver, so the confirmation of grades at EH was a massive relief, although there is a long road ahead I'm still of the opinion that the silver rally might be closer than we think. If the market correction is as severe as most people are speculating and with the industrial demand increasing with the Renewable and EV market then the potential catalysts are there to trigger a rerate. The scramble to cover those short positions would be insane, I know its purely speculation but you never know, UFO has more than enough potential without a silver squeeze to do many multiples of the current SP but we might just be that unicorn investment.
Im going to watch the presentation, wouldn't dream of missing it, I'm going to submit some more questions though, I submitted some last week but they aren't relevant given the most recent RNS, what about you?
I agree, I think the the short position on the Comex futures will come to an end, its been going for over 30 years FFS, it will be the reset/ crash in the S&P that will trigger it, inflation is out of control in the US and Powell only has one lever left which is Interest rates, he's hoping inflation will cool if logistics and manufacturing can get back to full production but it's too late. It's only going to take a 2% rate rise to cause the markets to tank, there's 4 rate rises of 25 basis points each priced into the market this year but with inflation at nearly 7% its won't be enough and rates will have to rise further, the big boys know it too Musk and Satya Nadella dumped tons of stock recently to name just two.
JP Morgan and Scotiabank have the biggest short positions and its also JP Morgan who own the most physical silver about 200 million ounces ( I bet its at least double that) , JP Morgan have been allowed to suppress the price for the last 30 years while accumulating over half the worlds silver on the cheap, its a disgrace. Its not if but when silver rips, JP Morgan will makes fortunes from their manipulation of the silver futures, but all I hope is Bill can prove as much ground around EH as possible before then, because UFO could be in the right place at the right time for the biggest silver rally in history.
I don't think there's anything wrong with people talking about huge price targets, the timescales will most likely be longer than most of us anticipate as is always the case with miners and the pull backs will be more severe, always difficult looking at paper profits evaporate on poor news. Alot of people, myself included got spiked in 2020, I've been able to average down for the last 12 months, but I did that because I was confident that the SP would eventually recover, the potential for UFO has certainly grown and as long as new PI's do some research and are prepared to sit underwater when the SP pulls back then I think anywhere up to 2p is going to be a great entry point. The timescales and price targets will all miners are twice as long and half as much, but if you're prepared to wait I think UFO has the potential to be massive, I hope we hit 10p, I wouldn't be here if I didn't, if we get there by 2024 I'd be happy, good to see so many people posting on a weekend.
I love how quickly sentiment changes on AIM we were talking about the company burning through cash and not being able to go to the market for another fund raise, because of the state of the SP last week. Now the discussion is about weather to top slice at 10p! Great entry price, looks like we are primed for another run, I'll be happy when we find a new floor above 1p, its a great place to be when everyday is blue, long way to go, but a great turnaround this week, hope Bill doesn't answer my questions on Tuesday, I wrote them before the RNS landed!
I'll be away at 20p if we ever get there or unless the story massively changes, I won't make any decisions until UFO starts generating some income at least which is at least 18 months away. With so much potential and EH looking huge, I agree with some of the other posters, I think we could be snapped up before we get into our stride, I hope not because I would love to see how this plays out over the next couple of years.
@smiller, glad to be in the club, I probably wouldn't have done that much , but you got me thinking when you said you'd got to 10, I was at 8.5 and I thought how much am I going to regret not putting any dry powder I have left into this next year, I look at my other investments and thought do I have anything that has the potential to multi bag like UFO at present and the answer was no, so it was an easy decision really.
@ Metalhead, great post, massive numbers, I wonder how many people would be here if the SP hit 10p? I honestly can't believe the turn around in the SP and this board, we have alot of drilling to do and we are a long way off, but its been a huge week! There are alot of people who held this for a long time who knew the potential, kept posting on the board and stayed really positive. I for one had a couple of times over the last 15 months where I wanted to just sell and move on, I was nearly 70% down at one point, but it was good to have a few cheerleaders on the board even when things were pretty grim last year, hopefully we will have a better 2022 and get rewarded for our patience. have a great weekend, looking forward to next week.
@smiller 20% per day would do me too! I've joined you in the 10 mill club today, thought I'd average down some more while I still had funds, but I'm done now no more powder! still not blue though, 1.28p and I'm finally blue again, hopefully next week, people getting in at these prices have done really well, what a difference from last friday, looking forward to see where we are by xmas.