Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
And there you have it, 5x5. The age-old dilemma of getting the timing right. Selling out after holding for 10 years the day before the most humongous news ever is announced. It's equivalent to me keep looking at the monthly premiums I've been paying for personal accident insurance for the last 30 and more years and knowing full well that the day I cancel them will be the same day I fall down the stairs, LOL
Even when it was higher I posted that it was equivalent to saying that there was a huge demand in high net worth circles for luxury handbags, which knowledge was absolutely of no value to a factory that wasn't actually producing handbags. And I just got laughed at.
I might too 5x5. As I said earlier today, months ago I said I'd buy at 0.25, and even I thought I was being pessimistic. This hasn't been so much trying to catch a falling knife as trying to catch a whole drawer of cutlery.
I'm not so sure that the "somewhere in 2024" was as hurtful to sentiment as the target date given to the new Board of "first shipment by the end of 2025". That was being overly generous and would naturally lead to question marks about funding.
CJ said "The BOD need to confirm that nothing material has changed"
This has always been something that has frustrated me about all stocks, not just UFO. If a share has a particularly good day, BODs seem to be obliged to put out an RNS saying "We know of no reason for the increase in share price".
But never the reverse. Why are the rules loaded in favour of negativity? Why is an increase in share price deliberately squashed?
I seem to remember - and it's got lost in the mists of time - that "heritage clearance" and "Native Title" are not actually one and the same thing. I have a vague recollection that we were informed in an RNS that "heritage clearance " had been achieved. It was "Native Title" that we still awaited. I may be completely incorrect in this recollection. As C@B says, the whole process seems to be something of a mystery.
I've commented a few times lately about the non-stop posting by both so-called "rampers" and so-called "de-rampers". I am coming to the view that every single one of you, whichever camp you fall into, must surely be a "trader". Because surely only traders will be spending all day, every day, in front of their screens like this. Others of us have other things to do. Like a job. Or gardening. My life, in retirement, is not as full as it was. But today, for instance, I have a hospital appointment and a bolt to fit on to the gate. Clearly even mundane things like this do not impinge on the lives of folk who can be on this board from dawn until dusk.
I'm pretty relaxed myself, as one can afford to be when one hasn't got many more years to live. But I never, ever subscribe to statements like "as sure a multi bagger". Ever since another AIM stock ten years ago which, if I'd had a fiver for every time someone on its board said "this is now totally de-risked", I'd have been quite rich from that source alone. From "totally de-risked " at about £4 a share it collapsed to about 25p before the company went bust altogether. So I let it all be water off the proverbial duck's back now.
I have no idea of the answer to your question C@B. But it would probably take a very long time to even understand the process. This link is all as clear as mud.
https://www.dmp.wa.gov.au/Minerals/Native-Title-Act-Process-5548.aspx
That was my thought, Prospector. As I said several months ago, any project surely works on the principle of what in my day used to be called a critical path analysis, whereby different strands are developed in parallel. You surely don't wait months to get one achieved without making some progress at least on others?