Member Info for Unclejim

Creating value for the BOD by awarding themselves lots off free shares.

Lots of big sells for the last month. Probably Rod reducing his holding because he knows exactly what has been going on behind the scenes.

We need it too happen fairly pronto as we must be nearly out of money by now. Unless we have sold some of our investments. The BOD have not been great in telling us when they do.

A new week and same petty bickering. Nobody buys or sells shares from random opinions on a Internet chat board.

Hopefully we gets a interview this week to give us positive news too move the SP forward.

I think it all depends on further news and time lines. If we get a interview telling us Q1 2024 then we may get a little boost. If its much later then obviously the SP will get hammered further. Longer it takes the more money we will need too raise.

It does not say 2025 but has not specified when in 2024. Given the fact we have been incapable of sticking too previous time lines people are just jumping on the bang wagon and assuming production will slip again. Add that too a possible placing and it's easy too see why the SP is this low and could potentially go lower.

I will keep my core holding regardless, boom or bust. Give it a couple of weeks and a new base SP will be in and traders will have moved on.

We will be back too our daily updates on the iron ore price and how 2.7p is a fair price.

Correction, not they will screw us over. They have screwed us over. Lie after lie without any explanation for delay after delay.

Given up trying too predict what will happen here but obviously I hope you are wrong.

We won't be making any money for a while now so I suppose we will need money at some point. A raise at a price below 0.3p will be a final nail in the coffin to the PIs though.

max you do yourself no favours. you said the same when rod mcillree was appointed. how he was world class and would bring han**** online asap because thats what he does. that's not worked out great has it.

no even sure how much 4 million shares costs nowadays. a can of pop and sherbert dip will probably be enough.

You are right, most LTH are staying because they do not want too sell at a massive loss. Not because they have any confidence that our incompetent BOD can bring this into production.

Wish I could be awareded so many "performance" shares for being this bad at my job.

All winnerspaid, have the BOD increased shareholder value in the last 3 years?

For once I agree, all is not dead. But it's irrelevant what people write on here. The current and past BOD are doing a great job of reducing shareholder value all on their own.

Cjmorley, have they announced the new BOD in July as promised?

Even you said that you would be critical if they did not as that was completely in our control and mentioned in 2 RNS, s.

It's very hard to not be negative at the moment.

I admit it was my poor attempt at sarcasm. I would love a to have a lie down but sadly not till later.

As I said earlier the delay is not unexpected. Neither are the same people who would still defend UFO even if they released a going bust RNS.

It's clear too see the UFO team are not producing what they should be and the SP reflect this. Hopefully we get somebody in that is compotent too actually see us over the line. If not then the next RNS we see really will be the going bust RNS.

I wonder if Rod has managed too offload most his shares. He will not still be holding that is for sure.

genuinely i have been sat here waiting for somebody too quote.

"the stock-market is a device for transferring money from the impatient to the patient" - wb

max i thought it would be you but helx2 got there first.

the fundamentals have not changed, correct. the time that ufo start making money has though. bill said q1 2023, rod said q4 2023 and now troy has said sometime in 2024. i wonder what date the new bod when we bother too employ him will put on production for han****.

Can't argue with the points in his post though. Sums it up very well.

Don't worry it thpugj and don't panic. We are leaderless and clueless and today's drop is being manipulated by the MMs.

"Would not worry about todays drop this project was going to fund other exploration/projects ect"

No, I would worry about the constant day too day dropping that has now left us at our lowest SP for 3 years. All here too make money but nobody is making money at the moment apart from our BOD that are bring paid too increase shareholder value. The real investors are not touching this with a barge pole. Only PIs like us that are taking a gamble that one day this may actually start producing.

Another delay, still no new BOD and a rough guess of 2024 for production. The only constant here is the usual rubbish posted by the same few. Especially if you dare too say anything negative. Yes my spelling and grammar is rubbish. Yes I am way down on my investment. Yes I am staying invested. Yes am I allowed my own opinion and I think our BOD are not performing.