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The palpable silence from DA is a serious. How little we have heard from him is just astounding. Not even a hello. Utterly confused as to why the management appear not just asleep at the wheel, but comatose.

Just a word to the wise, this is likely to be a completely media-driven frenzy about a boogeyman. Do we need to worry about the next VOC? Yes. Is this it? Probably no.

https://twitter.com/Pea****Flu/status/1478118173903839237

At this point the silence is so eerie and destructive to the SP that you have to think that they have a gag order! Either that or are intentionally keeping the price down for whatever reason.

EOY 2022 I expect this to be 5p after hitting 10p at some point during the year on a good bit of news. Could be finding the polymetallic orebody near EH or JV on Hanc0ck. With moderate news e.g. resource upgrade at Hanc0ck, valuation rerate from TP, some additional assays confirming a larger strike zone in Munni Munni, the SP I expect to be 2p after a smaller spike. Feels like it's all to play for next year.

There is a clear direction, it's just not gambling everything on one resource. Bill is working on Hanc0ck and Elizabeth Hill simultaneously and progressing both as fast as possible, since they are in completely different development phases and face different delays, this is possible. He is waiting for assays from EH while setting up the camp there and looking at Munni Munni data in the meantime. Less than a month ago the Hanc0ck project commenced phase 3 drilling and had a new company and crew installed that has already outsourced environmental permitting which is presumably also underway. These things just take time but the amount of activity in the last couple month has been nuts, but one thing I can't fault is direction. He's been giving interviews every other week about major moves in both projects.

I'm not that well versed on the viability of PGE projects but it sounds like those grades are way too low to be worth extracting. Would explain why they gave them up so cheaply. However, the raised grades in the nearby area and the halo that BBG has found at EH does all point towards there being a hidden ore body. It's a good thing that they have all the scoping studies across the area now so that they can map out the grades properly and see a distribution before they drill to find the source. There is a huge halo of PGEs in the area, hopefully this points to the ore body being similarly huge and a lot more concentrated. If the halo does pay off, this will be completely transformative. In the meanwhile Bill has brought on board guys to make moves being made on both Han**** and EH while he looks through the mapping data.

Really don't understand the arguments here about spreading too thin. Munni Munni is an extension to EH, one with huge resource that has been tied up by tenement parcelling that is now fixed under UFO. EHs halo is PGM, towards a suspected motherlode in Munni Munni North, with the whole of Munni Munni rife with PGM. The story seems obvious and BBG is focused on it. This isn't something separate to EH, it is all pieces of the same picture that UFO now owns 100% of.

Is this the reason why we're down today while every other COVID stock is up double digits?

Personally this development is in line with what I have been suspecting, that Bill has increasing confidence from the geology that there is something massive sitting in Munni Munni North that the current owners don't have the resources, expertise and/or incentive to investigate currently. However, the RNS still knocked my socks off. I really didn't dream that he would be able to bag the rest of the license for 10% of the company, with what is already known to be there and what Bill suspects. It seems like a good deal for Artemis but I think in a few years it will become obvious that they sold themselves short - maybe even in a few weeks when the EH assays come back. Platinum and palladium are critical for the future and add to Alien's diversification substantially. Incredible news imo.

Nah the placing was necessary and what has followed has only supported thate. There have been big hires, tents going up, real material progress in addition to the scoping. They are using the money to make the pie 100x bigger and ramp up towards production on multiple projects. The SP here has always been volatile and has been bounced around on no news, it really doesn't depend on the underlying assets. We just need a good news story or two to have people look at the resources and then people will rub their eyes and wonder how we've been sitting on this at sub 40M MCap.

I see. The mine would have been profitable since 2005 but I guess other cos felt like it wasn't worth their time? Hoping that the polymetallic halo theory comes through, if it was abandoned so long ago it would make sense that they didn't fully explore it since palladium etc. weren't such hot commodities as they are now. Feels overlooked but I guess unless you're a geologist you wouldn't really notice the signs. That's what I particularly like about UFO, led by someone who understands the science inside and out and can predict discoveries based on rock formations. Feels invaluable in an explorer.

This is something I was a bit baffled by. If there are these exceptional grades (and have confirmed some are still there from the new UFO testing), why would anyone stop mining it? I don't know enough about the history of the other companies e.g. East Coast to know why they stopped, and why no one then reopened before UFO came along. Can anyone enlighten me?

LSE slow loading ads to move the post message button under my thumb. Hmm. Anyway, feels telling that the iron ore was put under a new company when there isn't a sniff of that happening with EH. I read this as Bill being fine with a buyout or JV of Hamersley if necessary, but is clearly full throttle on EH, getting into that silver ore body and finding the source of the PGM halo. There's a huge runway of great opportunities, just need to get some revenue up and running to push the other projects. UFO is sitting on so much value it just boggles the mind, compare to most miners that are sitting on one, maybe 2 resources and a lot of scoping work necessary to prove up new ones. UFO have the track all laid out and once we start to pick up speed there's no brakes.

Very exciting times here. Years of scoping and permitting and we nowents and equipment on the ground. What a good raise spend looks like.

This share trends down sharply until there is some positive news, seemingly regardless of market conditions. In fairness it's absolute ghost town on the PR front like the company are allergic to RNSs. Got to just hope that they eventually decide it's worth their time to copy paste something from their Twitter or that, God forbid, there is some DHSC resolution.

Felt like this should have rerated at least, with all of the macro signs pointing in Nova's direction. I couldn't see a rerate putting the value at lower than £4.50 where we were after the DHSC dispute announcement. My mistake was thinking that now with Omicron and rapid reversion back to PCR testing etc., that fundamentals would start to matter again. It appears that instead, and as usual, the majority of the volume is dictated by people only looking at "line go up" and "line go down" for their valuation process. As it stands, I wouldn't be surprised if this company went on to make more in free cash flow than their MCap.

New variant? Winter? EU lockdowns? PCR demand through the roof for at least 3 - 6 months? Dispute resolution steps taken at other companies? Lots of hiring? Moves being made in the US? New CEO? You must be joking right?

You can be a LTH without buying into the IPO. But I agree that it is the people buying the shares, the MMs have no interest in punishing specific stocks especially when the MCap is peanuts to them. The problem is that most of the shares are on Bourse where most people have no intention of holding them for even a week seemingly. Paper hands are due to a lack of communication and conviction by the company and the French predilection for cutting and running.

I'm surprised that there wasn't more reaction to the announcement but not complaining, got some time to top up. Maybe the market doesn't read into it like I do. The formation of a separate company to prove up the Hamersley resources allows for UFO to parcel and sell off part interest in their iron ore while retaining full PGM interests. It's a big move in terms of intent and flexibility and you would only go through the faff and paperwork if there were parties seriously interested in your iron ore - and who wouldn't be? It smells like a deal is seriously om the cards and I wouldn't be surprised if it was our Fortescue man shaking some hands.

It is frustrating that NCYT seem wiling to issue material announcements laissez-faire on twitter and keep up the dearth of RNSs. We still haven't heard a peep from the new guy and there have been no real attempts to assure shareholders. This is the main issue that causes the shareholder base to be mainly composed of traders and shorters. SP rises are driven by confidence rather than fundamentals, especially on AIM where the company can shaft shareholders so easily. Fundamentals can add to that confidence but even the most sound business can be horribly mismanaged from the viewpoint of shareholder interest.

I have no idea which way the day trading winds blow but as we have seen, the bottom can drop out of this share no matter the floor. Just hope that DA has been quietly working on the DHSC negotiation and it will come good soon.