Member Info for Pickuzawinnah

Just a glimmer of what's to come. Little tease.

Good weekend, UFOers.

Aww shucks - thanks V111JAS. There's often so much to trawl through just to get that sense of where we are and where we're (probably) going. Especially when you've got to do it across nine or ten holdings.
aandi is the main cheerleader of course. I just wish the market reacted more positively to my summary (-4.9% !) lol.

Just going back to test my original thinking when investing here, focusing on the financials.
Thought it worth A/ summarising stuff for anyone browsing with a view to investing, and B/ testing my thoughts against other more knowledgeable people. Brief caveat: while an optimist as a person, I tend to be conservative and focus on seeing what's there, not what COULD be.

As I see it, EQTEC currently has seven projects either in operation or committed AND in development:
1/ Thessalia and Larissa in Greece
2/ North Fork in California
3/ Southport, Deeside, and Billingham in the UK
4/ Ciudad Real in Spain

Only two projects reached financial close in 2020 and two more were delayed into 2021 as a result of slowdowns thanks to Covid.

Current MCAP is £150M on income of 2.2M Euros in 2020 and a loss of 5.8M Euros.
Guidance for 2021 is income of 15M Euros (650% increase) and profit.
Cash in December was 6.4M Euros, so probably around 5M Euros today.

Pipeline a year ago was about 40 projects. H2 2020 a further 17 projects were added to the pipeline. Q1 2021, a further 17 projects were added (same volume, half the time) suggesting acceleration, although two measures do not make a trend. Five-to-eight of these are anticipated to close in 2021, with contract values totalling 20-40M Euros, which presumably includes milestone payments and ongoing maintenance revenues, so this income won’t ALL happen in 2021 but will increase long-term stability. And profit.

Billingham, worth around 30M Euros may lead to two further similar sized UK projects in 2022.

Ireland will soon be added to the list of countries, with a 15M Euro bio-mass to bio-energy plant starting in 2021 – though revenues not likely ‘til 2022.

So, in summary:
2020 = £2M income and a loss.
2021 = guidance of £13M and a profit, but given the range of 5-8 projects, they’re clearly setting expectations on the low end with a view to beating them
2022 = somewhere in the region of £50-£70M ??? (two Billinghams and a smattering of other projects?) And that’s just counting what’s on the radar now in April 2021.

Let me know if I’ve missed something obvious.

I'm in as of this morning. Thanks hopingforbags, for your extensive posting.
Having been kicked at ECR waiting for an RNS it's great to see regular positive steps here over the last 6-12 months. Hoping we'll see more of it over the NEXT 6-12 months.

No, Chris2. it's that you have openly stated an aim of buying in at .6/.7p amongst a constant drip-feed of negative posts about UFO and criticisms of any shareholder who might - heaven forfend - believe that the company they've put their money into is likely to increase in value given the indications from virtually all recent RNSs.
Frankly, I don't give a monkey's if you're right about it hitting .65 end of May. I'm not looking to sell at the end of May, happily planning to hold for 18 months while you sit on the outside of the fence trying to talk it lower so you can climb in.

What most UFO holders believe is that in the next 3-18 months the company will make significant progress and see significant bags. So, how about this for a strategy - if you (like most of us) believe that a bulletin board has absolutely no discernible effect on the share price, then just quietly wait and see if you turn out to be right at the end of May. Just stop posting criticisms without evidence or data to back it up. If you're correct then well done you; I'll go buy a hat and take it off to you, sir ! But since you offer zero evidence to support your critique then it's just your opinion. You've been called on it several times now.

I sincerely hope you're right, Max. Been here for nearly a year, enjoyed the Autumn spike and sold out near the top, only to start buying in again at 1.3p. Averaged now at 1.1 and confident we'll see lift off in H2 '21. In fact probably before.

What's extraordinary to consider is that 1 year ago the silver price was about $15/oz, while Gold has fallen back almost to where it was. I know the UFO magic is all in boring old iron ore, so then you turn to the iron ore charts and it's even more spectacular: $86/t a year ago to $180+ today.

Interesting to note that Baha on my phone (formerly TeleTrader) has UFO up 5% (was down 2% earlier).
Google also has UFO up 5%.
LSE has no move and a massive spread (no mother jokes, please).

Just an observation. As you were.

Thanks shandypants2 (the sequel ?) - good sharing.
Seems like the obvious partner for Shield to reach their market. The key thing is how this accelerates the process. While I like an in-house team (usually more knowledgeable in the product and more committed to their own product/service) in this case the key is velocity; connecting to buyers quickly in order to establish brand trust through early adopters being positive about results and opening up Iqvia's pharma-specialist commercial sales should/will do that.
I'm sure the contract will have performance goals (and performance-related bonuses) as well as 90-day notice of cancellations if it doesn't work out. But it looks like an excellent move on Shield's part.
We'll soon know !

He's no more George than I am. (checks mirror).

On the one hand I'm as annoyed as anyone here. I now find myself 50% down after a sequence of letdowns. Admittedly not seen the interview so I might be wide of the mark here, but it seems to me the placing was timed just right because if it came after yesterday's RNS they would not have made much money. Short term this share has been a massive disappointment.

But on the other hand, I'd always had ECR pegged as a medium/long term (18m - 2yrs ish) hold, as I'm not a trader. Funding in the bank enables continued exploration of BH3DD001 and the anticline(s), progress at Creswick, and whatever new sites they can acquire. 75% chance of good news, 25% of bad = hold.

25,000 g/t ? At c£600 per kilo. £15,000 per ton of Elizabeth Hill.
Okay, I'm getting carried away; the key wording was "we've seen SOME in the database". And it's not an RNS.

Encouraging though. Have a good day tomorrow, all. Whatever happens to the SP.

Love it, OAPK20. "Rumour of a duster" made me chuckle. It's exactly what'll happen. But your 50/50 boom/bust prediction will be a 4 x repeat cycle; one for each drill. This is going to be a fun ride.

Brill - thanks Mooch. Hadn't noticed it.

I see our monthly mini-dip is in full-flow. Any reason for it this time ? Just people hitting the eject button after getting bored ?
And secondly - since there is no way on earth to trawl through all the daily RNSs just to find an up-to-date assessment of the raw materials EUA is sitting on, has anyone got a sense of the value of Eurasia's in-the-ground deposits ?

Last published presentation on their website is Sept last year, since which there was the Rhodium and the recent "first-refusal" deal. I suspect I'm missing something obvious, but just wondered if you could point me in the direction.

Many thanks all. Enjoy the sunshine.

I'll be blunt - you'll wait a very, VERY long time for £2, and frankly miss out on better opportunities once this passes 60 or 70p.
Money to be made this year on its recovery once the market grows a pair and stops acting jittery. That said, the jitters are providing a decent dip to buy into. Good luck.

Yep, come on Chris(number)2. State your agenda.
Here's some quotes from you a few months ago:
About UFO, compared to EUA: "This company is a totally different case. A new and knowledgable CEO and plenty of differing projects. Much more transparent with great news flow. What is not to like?" Sept '20.
"Last time we had a share placing the share price rose dramatically. I hope you are right MrSipp" Nov '20
"If we hope to follow in the path of GGP then the trend is what to look for not the daily movements." Nov '20
"My strategy is to invest in volatile shares. Wait till they rise and then sell. Simple really. I don’t always get it right" Nov '20.

Here, let me state your own agenda for you: you're trying to instil a sense of unrest and unease, shooting down Max on every opportunity (it's not ramping when Max is simply presenting evidenced reasons for investing in the company - ramping is that "£4 by next Tuesday" nonsense that clutters up too many boards). so you can potentially take advantage of a lower share price, buying the dip, and then switching to a positive voice to try and maximise the SP.

Incidentally, going further back and on the EUA board, there's this from April 2020: "The number filtered is increasing by the day. I get a sea of green boxes. There are a lot of strange people on here." Suggesting you didn't make many friends there either when you posted relentlessly on the single share board. I'm beginning to wonder if the problem wasn't them.

Hello valtree.
A really good try, but you still need to work on that grammar; specifically your sentence-endings. Have a look through and see if you can identify your own mistakes. I'm referring to the mistakes in your post. Not the mistakes made when you were a director of Valirx.
There is a character-limit, after all.

Initial scan through looks very nice.
Reducing debt (a good move anticipating interest rates notching up to keep inflation in check)
Increased opportunity pipeline (we all knew, but nice)
Q3 2021 looks pivotal
Targeting 15M Euros - seven-fold growth in income, and transition to first profitable year.

Croq - I noticed the same detail. Wondered if the 4M had been in £sterling, but not got time now to check.
Will scour in more detail later (unless someone beats me to it here), but this looks like an excellent platform now for EQT to deliver exactly what we'd hoped for 2021/22.

Hi Steveiom - it's not investing on no news, matey. There's news that's been published already by way of:
1/ investor presentation
2/ timeline of multiple parallel projects
3/ recent RNS around Tailings and the 20 projects (etc)

Put yourself in the shoes of someone who's weighing up a shortlist of companies to invest in, and Bill rocks up to clarify the current status on Munni-Munni/Andromeda/San Celso/Hancook. Regardless of wentsland's opinions about Bill's style (pauses show someone's thinking and considering their answers), there's one thing reading a proposal, and another thing seeing the presentation and interrogating the sales-person (in this case, Bill). Credibility, knowledge, confidence all go a huge way to convincing people. Some may prefer the smooth CEO business-person. Others may prefer the understated technical prowess.
Will there be a 10% drop after the webinar ? I doubt it on two counts: 1/ increased interest from people new to the UFO party, and 2/ we're another week closer to long-awaited news. Not to say that it won't drop. But that right now considering the circumstances I believe there's more chance (70% hance) it'll stick in this .975-1.05 range than dropping (20% chance) or markedly increasing (10% chance).
And like smiller says, this is all fine. So long as you're not looking to cash in now. Look at other exploration companies (GGP, EUA spring to mind), Long periods of trundling along followed by many multi-bags. not saying I think we'll definitely do the same (wishing but not expecting) but honestly have a look at the investor presentation again but pretend it's June 2022 and you're looking back on it. Today's frustration (natural though it is) will evaporate.

PS: Really appreciate this board for keeping it civil. One or two other boards are a nightmare.

imo this debate of the presentation/webinar is a bit of an odd one. Will there be a significant new announcement ? Probably not.
Will there be clarification on current projects, communicating to new potential shareholders about the progress made at Hammersley, Munni-Munni, Andromeda, etc, and (critically for those about to join the UFO mothership) the news anticipated to come through 2021 ? Probably yes. Which would be frustrating for some private investors clamouring for something to propel the price up now, today, this minute. But not for others who've seen the timeline and can estimate what may come in the next 6 months.
I hope the webinar brings in a few more holders at about 1p/1.05p who'll have sticky fingers when we're flying past 2.2p.