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have to admit HH, although I do enjoy reading your posts, they are beginning to sound quite negative, I'm all for an impartial viewpoint but it's starting to feel like you only appear to tire kick the SP, which you are well within your rights to do and different viewpoints lead to healthy debate. But I can't help wondering why you never seem to post anything positive about a company you are invested in.
whats happening? I thought we were expecting drill results this week?
agreed DRB83, I'm comfortable with what I have, its frustrating but UFO has too much in the pipeline not to have a rerate in the SP, when that's going to happen is anybody's guess, but I'm going to do what at this moment is proving very difficult to do, NOTHING. I'm going sit on my hands and leave this alone until the end of the year , I'm hoping by the end of Q1 we will start to see the SP moving in the right direction. To be honest I think this board will be a much happier place once we are above 1p, its been a long time since the 3p days, but hopefully we will be on our way soon enough.
There's alot of people underwater, myself included and with market sentiment against us it is becoming more frustrating by the day to hold UFO, but if investing on AIM has taught me anything, its always darkest before the dawn and with the potential in the ground I do see us pulling out of this bearish channel but how much more we bleed out before then is anyones guess. I've seen other shares that I could have invested more in have huge rerates over the last 12 months but I like many here got too carried away when the SP hit 3p. The next few months are huge for UFO, if BBG doesn't start to get a handle on how he is going to change sentiment towards the company, its going to be a tough year for LTH.
Good post, totally agree with you, it is a gamble but that's why most of are here aren't we, because if UFO comes good the payout will be many times where we are today and if it doesn't, well we all know how that ends too. I, like many on here hoped that the BOD would try to start generating an income stream for the business and become self funding, the placings are killing any momentum the SP has.
I've been the first to congratulate Bill on a decent second half to last year but the timing to the fund raisers was poor, it was a disappointment when we got pegged back just before Xmas after the SP had touched 1.2p again and not been aloud to run. What's difficult to understand is if the focus is on multiple sites and not to concentrate on the DSO then why wasn't more cash raised in the last placing, without an income stream and a higher cash burn this year surely the prudent thing to have done is raise more funds?
I have no idea what's going on in the background and my hope is that Bill is further along with a potential JV already, my worry is that he is reacting to current situations and not planning for them, we can't spend the next 12 months flip flopping between sites, drilling holes and burning cash hoping we are going to attract a JV.
I do agree that the potential decline in Iron ore price over the next couple of years is a concern and Bill may be trying to diversify against a declining price, if we put all our eggs in one basket with the DSO and the bottom falls out of the price making it unviable to mine then we would need other opportunities to generate revenue. It's a difficult balance for Bill on one hand he does do need to concentrate on generating an income to fund future exploration but there is a potential rug pull on the Iron ore price which would leave us high and dry, but if he diversifies too much to runs the risk of burning through current funds and not progressing any of the current sites.
This is an important year for UFO bill needs to keep up the momentum and show the market how this business is going to generate revenue, if the uncertainty continues I don't see us pushing past 1p anytime soon. Unless the situation drastically changes I'm not going to do anything until Dec 2022, I'm going to let this play out and see what this year brings.
thanks for your input drag queen, at least Chris and Co can string a sentence together when they try and deramp UFO, I'm sure there's going to be alot of sells following your highly analytical observations, go and spam somewhere else you clown.
I don't filter anybody, there you go again with your morale crusade to save people money?! How condescending do you sound, adults have invested in this company and if there reading posts on this BB for investment advice then they deserve to be underwater. You add nothing to this BB apart from a running commentary on price action, the really horrible fact is you spend your freetime stalking this board waiting for your name to come up so you can reappear and antagonize people for attention. I don't dislike you, I have no idea who you are but I genuinely feel sorry for you that you have nothing more productive to do with your time, its sad to be honest.
Chris people don't like you because you have no position and stalk the BB waiting for somebody to mention your name or a dip in the SP, you do it under the guise that you are trying to protect new investors from being spiked, which is rubbish. You do it to create friction, everybody who invested in UFO are grown adults and made the decision under their own free will, if new investors are reading these boards to decide weather to invest in UFO then they deserve to lose money and perhaps that will teach them to do more research before they invest in AIM miners. Its condescending to assume that investors don't know the risks involved in UFO, its a gamble but the longer the BOD spends increasing the opportunities for UFO to succeed the more the odds become stacked in our favour. You have no position and no reason to post on the BB, so why are you here, surely there are more useful ways to spend your time?
Good post HH, I agree with your points, I think inflation will begin to move sentiment towards defensive stocks and the US market correction has already begun, the slide in the S&P500 small caps has been gaining momentum over the last 8 weeks, the only thing propping up the market are the top 10 tech stocks, its a worrying sign when both the Tesla and Microsoft CEO's have been selling large amounts of stock recently.
I do agree that its impossible to predict share prices and futile to try, I personally hoped we would be around 1.2p by year end, however with negative market sentiment we are nowhere near. I do feel the fundamentals of UFO have improved hugely over the last 6 months, if the DSO comes to fruition over the next 18 months then UFO becomes self funding then the need for placements becomes less and improves the overall drag on the SP.
UFO is a risky play and nothing is guaranteed, the BOD have no idea what is in the ground the only thing they can do is as much desktop DD as possible and drill some holes in the ground, if we hit the jackpot we all make money and if its a duster most of us become bagholders until the next opportunity comes to fruition.
I'm here and have invested alot of money because the BOD are trying to give UFO as many opportunities as possible to hit the jackpot, if they don't then I will be underwater until the company does find the right ground or goes bust, those are the risks that I'm happy to take. I've got other investments in ETF's and much safer companies but non of them are going to give me the potential payout that UFO could if it finds the right ground, I'm happy to wait for the next couple of years to see how this plays out.
What I don't like is people coming on this BB trying to advise me how to invest my money, I'm well aware of the risks and I was happy to buy shares at whatever price I paid, this is a gamble, but I like the odds thanks.
@bladey, thanks for the response, I think they 20p days are gone as well, I've been watching from the sidelines waiting for an entry point and it just hasn't come, I'll have to just average in I guess, might try and grab a few before early close tomorow, good luck to you all.
I agree @PaulQ and what's irritating is the only reason they are doing it is for enjoyment and to cause disruption, which is pathetic, surely they have better things to be doing with their time than stalking a board of a company they have no position in! UFO will come good next year and I'm looking forward to seeing what the SP is going to be in 12 months
20p - 30p is 50%, which if things continue which I would hope/ expect will pale into insignificance in the next 12 months, however as I'm sure investors on here have experienced this year timings your entry in this market has been paramount given the bearish trends in some sectors and lack of SP momentum even on positive news flow. I will most likely take a small position and average in, can't help kicking myself about missing sub 20p entry, sometimes these things just don't come back.
I've been waiting for a gap fill on BEN to buy in and its doesn't look like its going to happen, hate chasing and it looks like I've missed this one, sub 20 would have been ideal, I'll keep my eye on this one, great potential, good luck.
If I'd have posted something as ridiculous as that I would have been relieved to have had it removed, but you reposted thanks, I doubt you'll be around long enough for posters to remind you how far off you were, please try harder.