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Lets face it- most people are here for the DSO JV.
How will this play out? Do we get the JORC/maiden resource on the Sirius extension and then do extra work on the rest of it and sell it all to one player then work on the Brockman tenement?
I wonder how soon after the assays we can start drilling on the Western ridges as per BBG's plan.
Im assuming (perhaps naively) they are already discussing with interested parties about selling or JV so it will be announced shortly after the maiden resource is defined.
Steviewhyconstantlymoaning..
Everyone hates a cold chick mince..her.
1-3 yr objective..
But buying is soon..
steveo , I guess we need to look or try find an example of a DSO tenement being sold off and compare the price with JORC value at the given DSO price at the time. This would give us an idea and see if its worth the go it alone approach or sell off. I have no issue with either plan . Whichever gives maximum return for PI . I guess a buyout would provide us with a dividend and quick cash.
also I think brockman is the one right on the edge of BHP so that's probably the one we work up and sell off it also had 100m DSO depth from historical drill so very good potential there.
Shoustonpriceconstantlyfalling
@smiller, interesting to see if they try and sell it off piece by piece just to get some money going. Maybe the Sirius with an option to buy the rest from same buyer
Steve I think as they mentioned doing a ‘standalone’ project they have already thought about progressing it on its own. When you look at Alien as a whole they are not close to making any money but have been spending it all year. With Capstone fall through and talkings taking time I think they have decided they need to push on with something as if they need to ask for more cash with nothing in pipeline for some time to come maybe be a difficult conversation
Wolfy some time you talk such rubbish give me an explorer who is making money and not spending let me give you a few in return
Kodak no
Omi no
Bzt no
Omi no
GGP no
Artimis no
ECR no
EUA no
Alba no
Power no
Panther no
GUN no
Artimis no
Wishbone no
So you see none of them are making money and the only way they do are with placements so stop talking horse sxxt and trying to miss guide People.
944T
Just out of interest are you holding any of those turbo?i held OMI last year and I’m sat on the fence with POW and GUN, when we finally get moving here I might slice a little and dip my toe with POW.
944, I triple bagged already on Kodal and the best is yet to come- assays and the lithium permit golden grail. Was it not for Kodal id be down on my ISA investment holdings, mainly down to UFO.
Alba is the equivalent of UFO. Price shot up more than could be justfied and they struggled to make real advances. Thankfully i got out of that one pretty early.
Wishbone I double bagged on but wish I had held on.
As for Colin Bird's rafts of 'companies', only the truly naive would invest in them.
"Steve I think as they mentioned doing a ‘standalone’ project they have already thought about progressing it on its own. When you look at Alien as a whole they are not close to making any money but have been spending it all year. With Capstone fall through and talkings taking time I think they have decided they need to push on with something as if they need to ask for more cash with nothing in pipeline for some time to come maybe be a difficult conversation"
I am totally on board with it- i think they should come clean and just say they are focusing on the DSO. It would settle market nerves on the lack of progress in other projects and they wouldnt have to try and cover their asses with excuses that can easily be called out.
The only situation that they would come to the market again for funding if this so called money tucked away to develop Mexico and EHs- doesnt actually exist. Because otherwise- they should just use it- i dont think anyone would hold it against them.
Btw- those who say you can make money in 1-2 years are not good players of the game.
Makes zero sense to tie up your money in a company who will not start making SP gains in, say, 2022 when you could be trading NOW and then reinvest that money in 2022. As said, I am triple bag on Kodal and im 90% sure i will exit at 5 or 6 bags in the next month. That will be over 20k profit for me I can invest again elsewhere or just stash and invest in whatever 2022 company later. I would have put a lot more In Kodal were it not for my UFO holdings. Just reafirms that the money tied up here, is money that could be making money elsewhere.
I have to agree with you Stevo about having funds tied up, I’ve been stuck in Ufo for a while now and it’s getting to the point where bill has to deliver for me to recover funds and that is a worry, we do have news due I just hope it’s enough to finally move the SP.
Park - GGP and Dev have many shareholders like me who are sitting on 6 or 7 figure gains and still plenty of upside and much reduction of risk - many of us only bought in 18-24 months ago.
I don't claim to be a genius BTW - I got lucky but surely increased my luck by research and then patience despite some scary times on both by focusing on fundamentals?
Who has made the biggest gains on ARB, EUA etc. to date - those who bought and held in the last 18-24 months too I reckon. So many who wish they'd held and not traded post on those boards too.
I am NOT saying UFO is assured to do the same - I just think it might do - DYOR.
What am saying is I suggest a narrow portfolio, focus on quality companies with high growth potential and don't chase rainbows willy nilly.
Hi Parkboy
I have GGP and have done for nearly 18month UFO for around 15 months Did hold Kodal but sold out the rest I follow on trading view with a good many others. I hold several Oil companies made most on zoetec which enabled me to buy a large amount in here.
944T
Lol Steveo let’s not even talk about Mr CB I don’t know know how he dose it. Alba I always looked at as this is England the tree huggers and nimbys just wouldn’t allow it just think of the environmental hoops.
944T
Hi turbo,I missed GGP and for those who got in early enough it’s been life changing,I got in early at ARB and got out over 2 quid so it was a great investment, my worry with UFO is when invested in UFO last year it felt like UFO had so much in the pipeline and those opportunities seem to be slowly decreasing. It’s gotten to the point that when I check for an RNS on my investments in the morning before work, I’m starting to dread seeing one for UFO, they are constantly underwhelming and I worry about the negative impact they have on the SP, I know patience is key but we haven’t just stood still it feels like we are slowly going backwards?