Member Info for picax

They already provide EV charging stations so spinning that out as a separate arm is a good move (what I expect that means), but I have had a look and can't find anything about Maps. I don't think the company needs "value inflection points" but it would be nice if there were further announcable developments.

What is this about Yu Maps and Charge? Est 2022?

Expecting a reversal up to 40p until we have the second HWM and then to break upwards 80p.

Even being pessimistic about the markets recently I am still shocked that such a monumental event would result in the SP dropping. Even 100 was an undervaluation when we were there as a 10% divi is quite the payout. BEN doesn't even need to get to 80kT to be a cash cow, it's there already. Now it is just nuts. My speculation is that there's more in the JS boat of having to deleverage with interest rates increasing and margin calls, just all short term market nonsense, and once they are full washed out we will see some spritely movements to reflect fundamentals valued by LTHs.

I thought it was going to 0.5 and still give that decent odds. A 4% move over a couple hours in this share isn't something to write home about. I am still waiting to see what Rod is bringing, although he made a good start getting on the podcast and showing some geology background. We could be due for news but I would be surprised if we got it soon. This share doesn't make steady upward progress otherwise.

It's been a bit of a wait for EH news, we had a main headframe tweet on July 14th: https://twitter.com/AlienMetals/status/1547499842506727426

And it seems to have been radio silence on that front since then. Are they in the process of dewatering and didn't tell anyone? Did they gain access and found it was scrubbed clean of silver? I've been looking forward to some EH news for a long time now, and expected it already. We have had astounding progress on the iron ore front recently but from EH and Munni Munni not a peep for a couple months now.

Sentiment is very volatile at the moment and in small caps often people are trading instead of looking at fundamentals. If you look at the chart, BEN was trading sideways in a range of 30 - 40p in Dec and Jan before breaking out. After the huge JS sell off, it is back to trading that exact range again. Does this make a lick of sense from a fundamentals perspective? Is the company in a similar position to where it was in January?

My view is that there are some traders buying it up from 30 and selling at 40, or trying to play games going to 32 or 38, and just keep doing that until there is an update that meaningfully dislodges it from this range or someone buys through the resistance at 40 unprompted. We will likely be waiting for the permit / scale up / divi RNS for that sort of move to be made though. The concentrated buying pressure needed will come from more attention to the stock and for chancers to stop putting limit sells at 40.

I've been trying to figure out how these capping measures are expected to affect Yu specifically, who I think aren't paying wholesale gas prices from their producers and are instead hedged against the price rise. Do they still get bankrolled by the government, or does this not affect them much? This is undoubtedly still good for them as their customers don't go bankrupt, but if they are going to get some kickback that would be really sweet.

I had a small holding here and topped up substantially today. The drop is extreme and with seemingly no basis. The resources are there and are going to be increasingly valuable in the near future. The SP is giving it away at this point - I guess some investors have walked away with substantial losses, but equally someone is going to come in and take advantage of their pessimism.

It's just market conditions and volatility. The fair value of the stock is already extremely disconnected from the SP so the movements won't reflect the progress that is happening on the ground. Apart from Mexico, this year has only seen blockbuster updates and fast progress across several projects, but we have trended down. We are still off the floor and a bit of pullback is expected after a big move. I'm expecting a further downtrend until we get funded and into production, with the occasional bounce as another insane update comes in to be quickly traded down. Those updates are likely to drop soon - we have outstanding news on EH reopening and I imagine there will be a big push towards evaluating Munni Munni and starting on drill targets there, among others. There is just no way to know when this is going to rocket though, so not worth trading off the highs but accumulating on the lows imo.

Almosy exactly what we all have been waiting for, although I guess like most I expected FMG instead. Movement at Hanc*ck on the financing side which could be shovel ready Q1 2023. Hard to tell the real value but our drift from 1p to half that on the back of great news should hopefully be reversed and the start of the rerate if the markst has woken up to UFOs potential.

All the pieces are moving into place, much faster than I expected. Bill has onboarded people to take the company more commercial, we are firming up ownership and incentive structures. In the background on the science side, more hamersley sampling, munni munni historic assay sorting, and EH reopening are being worked on.

The market sentiment is against miners, small caps and risk-on stocks, independent of each other. The whole junior space has sold off aggressively. From the outside who is to say that UFO is different? This is just a patience game until we have some exposure, most likely through progress aa outlined above.

We had a period of great news flow earlier in the year but for now it does seem too quiet. Feels like the time for the "advanced negotiations" Bill mentioned to materialise.

The placing was a bit puzzling because I thought they had a sizeable credit facility which should be used for purchases such as this. Maybe it is being used solely for operational liquidity and kept aside for a rainy day. Still, didn't want to see a placing in the doldrums down here, with the raised amount from WH likely to be flipped in tbe coming months and keep a downward pressure on the SP.

AIM goes by sentiment instead of valuation mostly, and people can take a long time to realise value in certain shares. I think that was the case with GGP, Havieron was discovered and it took a good while before it was reflected in the SP. People who haven't looked into UFO in a lot of detail will see a loss-making explorer with some interesting projects that appear nowhere near shovel ready. It takes some digging (no pun intended) to see how easy it is to set up an operation here (dramatically lower capex) than it is for other miners out there due to the specifics of the deposits. I think there has been a bit of a failure communicating that effective by Turner Pope and others, there is some mention of it but it's not exactly shouted from the rooftops. When we get closer to production we should see an influx of new names on the board and some rampy action, and we could be off to the races.

It could go to zero, of course, because of financial distress / permitting / metal prices meaning the resources aren't economic / not finding anyone to mine, transport and/or buy the products / unforeseen events. If they achieve profitable mining status with any one of their projects, nevermind half, it will make the 30M MCap we are sitting on look like a joke in hindsight. We have proven mineable reserves for Hanc0ck and EH at the least, with strong indications of monstrous potential at Munni Munni with PGMs and at Brockman with iron ore. If either Hanc0ck or EH were to come online you're in the region of £1b reserves each and at the very minimum our MCap in turnover each year (with a lot of these numbers being wild speculation since we haven't firmed up the plans yet). So worst case scenario is going bust, but achieving any semblance of success will be (imo) minimum 10 bagger at these levels. But as always DYOR.

Pure speculation but I agree with the general sentiment that this has probably been stewing for a while and negotiations with shareholders in Mexico were dragging on. Bill was likely sitting on the drill results until he could get approval and could drill central. I can't help but feel it isn't a coincidence that the new guy comes on board and 1 business day later we get this. I can imagine him telling Bill about sunk cost fallacy and to just drop Mexico entirely, which I think is correct.

I don't think it wad a vanity project, just historical and an effort by Bill to try to keep to his strengths and the business plan first set out. Explore, acquire cheaply, hold many projects at different stages to stay diversified, look for J/Vs. Evidently if we are planning to mine ourselves the priorities and resource allocation have to change, as many have been saying here. The business model is still functional, but we already have four projects (teo complexes) that are home runs from the discovery side, so the others are just distractions now.

The next 12 months are going to be pivotal for UFO, seeing if we can convert the insane quantity of resources into value. The problem here has never been finding geological opportunities and analysis, it has been getting partners on board and starting mining. Bill has done a stellar job on the former, but the latter hasn't transpired yet. These things are hard to do and I'm sure he's been putting in a lot of effort in that regard, and sometimes you're just unlucky. I think a CEO change with skills to get over the major hurdle we are facing must be a good thing, but I was happy with Bill's efforts too. A bit conflicted on this one, still optimistic but we'll have to see.

Or suffering from market drops, which are possible given the climate. They have locked in the profitability while focusing on scale up, which is a significant derisking. Short term bearish outlook on Chinese demand, for example.

It has been fine up until this month and suddenly everything is up the creek. First in GBp, then all GBP, now a mix depending on the stock. Bizarre, and pretty annoying.