Member Info for Steveiom

News will drop when it drops until it drops then this will carry on as it is and for those who wait it out and load up on the dips then there really is easy money to be made.
There's no guarantees but a million shares now for just over 6 grand is going to quickly be worth 8 or 9 grand in 4 or 5 months. Where else do you get that type of return with limited risk.
If ppl want to make a reasonable amount this is a no brainer.
Turner Pope and WH Ireland did a fantastic job on selling this at. 85 they bigged it up to their mates on huge results dropping, best time to buy in and all the marketing spiel you can imagine.
I was given the heads up before the placement I even told a few on here but was doubted.
There is not a chance in hell that BBG will be able to raise funds again with the same individuals if they haven't got their money back and more from their last buy in.
Hopefully something will happen and there'll be no need for further dilution but if they don't start generating income or get a JV the money will run out, holes in ground cost money, kit and staff cost money, infrastructure at EH costs money and lab work costs money and unless there's news to push this back above the 1.2p then BBG is going to have a big problem finding more money. This is why IMHO getting the timing of the bottom of this could be easy money over 3 or 4 months.

Smiler if we hit 40p I would own a gold cup winning horse mate but I doubt that will happen any time soon. Stranger things have happened who would have thought NCYT would go from 6p to £12.00 if we had I think we'd all be millionaires now, I know if I'd have stuck in there what I've got here I wouldn't be worried about work tomorrow. More frustrated that if we have another 2/3 weeks of no price sensitive RNS being released we could be another 15-20% plus down from here and with there being no love for UFO any rise when news drops will be heavily sold into. Although this could fly IMHO I don't expect that 3p for many months possibly longer. Still keeping the faith and trying to time the top ups to perfection.

You can't beat a sixty six to one shot coming home though :)

Well it might be a peanut purchase and there's plenty here who have many times more than that but you can't knock him on his timing. At least he didn't buy in before the placement or at the placement price :)

Nice to see some balanced views tonight. The problem with spinning too many plates is that unless you can keep them all turning some will crash. There's nothing wrong in spinning lots if you have the money to keep them going but Alien hasn't. The cashburn is increasing all the time and unless there is a serious rns in the next 4/5 weeks we will continue lose 1 or 2% each day. That could mean the sp is even below 0.6 by the time news drops. I was given the heads up over the last placement by a broker and could have sold out and piled back in but stupid me thought about doing the moral thing and insider trading. Then I thought about it and if its good enough for BBG to not buy in pre placement when he knew what was on the cards, why should I worry. So if we don't get a JV this year or start generating income there has to be more dilution possibly at an even lower price than the last placement. I won't hesitate at selling out next time around and playing them at their own game. If it's good enough for the CEO to leave it to buy in after a placement I've nowt to worry about. This business has great potential but needs to focus on cash generating projects that will then fund other projects. IMHO there's not going to be any price sensitive news until the end of Feb so we had all better get ready for a rough ride.

Might be a few months yet Silverhorse before we hit the 1.26p. Can't see the EH news dropping before end of Feb/March based upon the delays other labs are experiencing others think sooner but we'll see. If and BIG IF Mexico news drops or a JV is announced I can't really see a price sensitive RNS dropping. Investors don't buy on rock samples or how a core looks we need a proper price sensitive RNS not a holding news one out of desperation just to do the media rounds. When one does land the last placement price needs to be smashed and sustained without too many of the newbies selling into the rise for a quick 20%. Very much a long term hold for decent returns as long as there's no placement this year. Unless we do get a JV or start generating income by August there'll be no option but to do another placement or borrow against a JORC compliant resource estimate, not a guess JORC or a hope it's there estimate but a JORC that is industry recognised and accepted.

When it comes to the interpretation of the word soon and shortly I think Bill's definition is months not days or weeks, he said shortly for Mexico news ages ago. Hopefully he will learn not to over promise on timescales and under deliver as he's done this a lot recently.

This little dip is great. Not sure if I've timed it right as we could be in the.... 5's soon enough but worth a top up can always grab a few more if we crash a bit more.

Yeah the market knows nothing compared to a bunch of keyboard warriors :)

3 to 5 years to break the penny mark would be a catastrophe. They will need to generate working capital just to stay afloat if they aren't selling product within that timescale and there's absolutely no chance at raising sufficient funds at at that level of sp. We were over a penny prior to the. 85 placement does anybody genuinely believe that Turner Pope or WH Ireland can go knocking on the same doors again for another 5 or 10 million? I doubt very much that the last lot of investors would be so quick to put their hands in their pockets again if they are still underwater from the last placement.

Could be double the amount of shares in circulation Haddock if we're looking at 2025. It's realistic though to expect that we could be at least a couple of years from generating any cash. It would be nice just to get some value added to the business that is recognised by the big investors, some proper JORC compliant resource would be nice.

It's getting cheaper because we are being fed holding news with nothing substantial for serious players to get excited over. There is still many many months of work to do to get JORC compliant estimates on all the iron ore, which will be at the mercy of the labs. Even when all the drilling is completed we'll be waiting up to 6 months on assay results. It's all nice news but it's what was expected. I just hope Justin or whoever grows a pair for the next interview with BBG and asks WTF is happening with Mexico, what his interpretation of the word "shortly" is and when does he honestly expect the assay results from EH to be delivered. You can't tell me that he hasn't been chasing these up especially as he gave an expected return on them for Nov/Dec last year. 2023 could be a good year if all comes good and they can get there without more dilution and big discounted placements.

"Golden State Mining (GSM) says assay results from air-core (AC) drilling at its Yule project are delayed due to industry-wide backlogs
The mining company submitted the drill core samples between October and November last year, with results now expected between February and April"
I wonder if BBG will be updating shareholders on the delayed results from EH in the same way GSM has. Totally out of his control but I don't believe we will be getting any significant news any time soon based upon the long delays other mining companies are experiencing. Would be nice to know where things are at though.

Never heard of him until Max posted on here. Had a look so he's got about 11k followers on twitter so even if 1% take any notice it's not really going to make that much difference to the sp, now if it had been Musk we could expect big things, perhaps Elon if you're following UFO could you do a tweet, cheers.

How long does it take a Mexican to sign a piece of paper...... how long is a piece of string :)

20k in now is an easy 5k profit in about 5 or 6 weeks time. Yeah it's peanuts but nice in the back pocket on the rise back to the last placement price. We'll hit the . 85 some time in Feb/,March if the lab results are back, no doubt that will happen.

The problem Alien has is that none of the JORC's for Muni are compliant with what the markets and industry accept as being the dogs horlicks. A compliant JORC has to be high on the agenda, get one sorted in the next 2/3 years and ppl will sit up and be interested if the results back up or are better than the previous none compliant resource estimates.

Lol Dip I'm crying now and I used to like Buckaroo :)

Well in Smiler I think between all of us on here if ever we needed to call a meeting we'd be able to muster the right amount of shares to do so.
I'd love to know what the monthly cash burn looks like now so we can all time when that next placement is coming if we don't get a JV or start generating the dollars.
Next time I get fair warning that a placement is coming you can stuff your trading rules, I'll be selling up and waiting a few weeks to get back in. If its good enough for Bill it's good enough for the rest of us, might be one of the reasons why he didn't buy in a few months back because he knew he'd get more bang for his buck after the placement and the assay delays.... Just a thought but having that insider info stops ppl making stupid mistakes perhaps if that other director had known about the last placement he would have held back and be sat on double his holding now.

There's not going to be a blackout period on EH assay news related to the BBG share purchase because he hasn't got a clue on the lab results. I don't expect anything until mid Jan early Feb on EH. Only thing I'd say is that he made a schoolboy error on giving a timescale of 6 - 8 weeks to get the lab results back and analysed. No experienced CEO would give a timescale on something they have no control over, over promise and under deliver yet again. Hopefully he'll learn from these childlike mistakes and start under promising and over delivering in the near future.
Saying all of that there's close to an easy 30% to be made over the next couple of months which should not be sniffed at. There's nothing surer than the sp getting back to the placement price otherwise they'll really struggle to get another placement with the same ppl. WH Ireland won't like going back to their clients with the begging bowl later this year if the sp isn't well above the 0.85. You really look bad if you do a placement then 12 months later you do another at 25% discount to the last one, that really would be the end of the line and time to sell up abd move on. I stuck another few quid in which come mid Feb should pay for the Christmas drinks on the way back to 0.85 and just above.
Easy money IMHO.