Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Seems we are waiting to hear back on one or two things from department of economic development. Then we have to finalise the legal documentation. Will we get an rns confirming that we have had a JV offer and have accepted pending completion of legal documentation? I am sure I have been in other shares where they release JV rns before finalised completion date?
Just been listening to the interview again seems we have 8 licences we have applied for in total 3 bailieston 3 creswick 2 somewhere else should be hearing from 2 of the 3 in bailieston near fosterville very soon as were expecting them before crimbo.
Hi TTS01, Welcome yeah the warrants won't be anything to worry I don't think either as Shinyang are likely to hold even if they did sell we have so much positive news they would be eaten quickly! Things really do looks set up that we should be seeing double figures in the short term. Hope so as I averaged up yesterday after that interview.
I just had a look on pow rnses all I could see was a license granted on 19th Jan next to telfer. We have applied for license next to fosterville I think so different. They already own an extension of the DMS if that's what you mean?
Exactly they are a billion pound asset company and prob have to explain every action they do infront of a panel of their own shareholders. They paid money in 2017 made some profit used some of that to buy warrants which they haven't sold as they prob believe strongly in ECR as Craig said they are ready to build us a mine! I expect they will hold their shares for a long while. Did we buy Midas from them?
Third time I listened to the interview! Hearing even more good stuff third time around! Regarding our share holder Shinyang :- a billion pound assest company, long term holders, a number of mining operations of their own and ready to build us a mine and assist us! Regarding JV :- We certainly can get a deal with Creswick we just need to finalise legal documentation. We are impressed with the company they have been involved in a number of companies that have sold or have listed for over a billion dollars and we believe they would get things moving at Creswick quickly.
I don't usually like discussing share price fluctuations however today is abit of a shock after that interview and Craig as good as saying the JV will go ahead. I am surprised there hasn't been alot more buying. Perhaps many potential investors haven't seen the interview and they are pre-occupied with silver today. IMO that interview should have given us a much bigger rise.
I had a look at silver bars on gold.co.uk was £3791 per 5kg! Also silver price currently 0.635 per gram. So premium is £616. That seems abit much would I be getting more investing in one of the shares backed by physical silver? Twitter and youtube seems to be filling up with posts and videos regarding this silver squeeze I am expecting a very nice week for UFO.
My guess is they will prob sell most of them into our JV news re-rate! This guess is based on watching how other companies seem to behave after excersizing warrants they more often than not seem to sell into next decent rise. Hopefully volume will be so big on that day we will hardly notice. However they may not! Most of us here won't be selling our entire holdings on JV news and if anything might be encouraged to buy more on news so maybe the Chinese will just keep holding.
As Craig said in interview there are companies that want to do a deal and companies that are seriously interested in doing a deal. Personally with this much interest buzzing around Creswick I would be surprised if a JV isn't announced within the next few weeks.
Thanks TalkingSense, Perhaps you could answer another question. I won't mention the companies names because wrong board. But how come we are seemingly so much further ahead regarding a JV than the other Aim listed companies which the DMS extends into? Is it likely that our JV partner may go to those companies after and try and get a similiar deal?
Just wondering what the timeline is likely to be for hearing about the exploration licence application Surrounding Ballarat? as it is a continuation of the Dimock main shale would it be included in our JV discussions for Creswick? If so would we expect to here about this first or would we just be able to add it on to and JV if we are granted it?
I think the chinese simply are not wanting to sell these new shares. They sold what they had before in order to make some profit and pay to excercise these warrants and will prob sell these when we are 10p+ the dip last few days is prob down to people and mms assuming that the chinese were gonna sell as soon as excersized. Possibly now rising as seems they are not?