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There is some serious potential in this company. Once the drilling starts we will see massive re rate. They got to get it right this time. The board is very careful in investing this time so expect huge results once in production.
Its not tree shake at all. Its people losing patience. With mining stocks you need patience its a slow burner that cooks or burns. Given the potential in Vast this will take time to cook and for sure not a burn. I guess the money is being moved to EUA. I will stay tight and watch how it goes here.
1p is short term. I see value in this company in the long run given they are right next to the big guns in both the countries. Logistically this is an advantage and also from gaining customers in the long run. The whole thing is sitting on production and cashflow now. I am sure they have planned it out. 10p is very wishful but not impossible.
Worzel and Ohmni- Thank you for researching. I am wondering why did not these giants consider taking up the licences to mine earlier. I know big miners have bought over a lot of small miners but do you think UFO board will do that. In my opinion the board is sitting on cash mines and all it needs is production with some cashflow.
The company could be worth a lot in the near future. Can't say if double digits are possible but never impossible. Look forward to hearing from the board very very soon. JV news will be an add on bonus. Board is very determined to maximise shareholder value.
This company has the right blend of professionals in the Board now. I see this getting similar to Sol gold mcap in the future. They are targeting the right areas and very tight with spending. Going long long on this one for sure.
Massive accumulation by a few may know about the re rate and these people are not day traders for sure. Let the short holders make their profits. We need consolidation and that we can see from 70mils 54mils and etc etc.