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Funny, thought UFO was about iron and nothing to do with gold. I guess some random fella in another company in another area and another mineral must also have a link. much like you are only a few connections away from some famous person or other.
I would say family tend to work in similar fields because it's easier to share knowledge of how-to. Be that building, finance, insurance, research, medical, mining, whatever sector.
Good ol' tenuous links. Can't beat 'em for a decent deramp.
GLA
When I was doing some further digging into Bennelong/Richard Shemesian over the weekend I came across the following articles relating to his brother Mick Shemesian. Some extremely dodgy activity occuring with links to criminals.
Interesting to note Rod Mcilree gets a mention as does Artemis where Richard Shemesian's brother was a major shareholder and Elizabeth Henson - one of the recent appointees to the UFO BOD was a director. Atleast one other company that was Shemesian's brother's deal and went bust in the past is mentioned - Range Resources.
Another interesting point to note is that Shemesian's brother operates out of the UAE. The Sydney Morning Herald article mentions Shemesians brother controls a vehicle called GCM Nominees. Gilmore Capital Management - one of the major shareholders of UFO is based in the UAE - is this the same company?
Does anybody know who is actually behind Windfield? And if there are any links there to Richard Shemesian?
https://www.smh.com.au/business/at-last-a-face-to-the-many-names-and-deals-20090923-g2qw.html
https://www.perthnow.com.au/business/gold/meet-mick-shemesian-the-mystery-man-behind-the-pilbara-gold-scramble-ng-b88662343z
Bfdinvestor. I have shown up for the last three years as the share price goes in a death spiral
I have tried to warn you but you chose to ignore me which is fine.
Good to flush out the weak hands this morning.
Some people haven't got a clue about "✅Impressive neighbours $AZS"
Nice one SS. thats how to do it! take a look at ARCM. Sure thing 50%+ coming.
Pay no heed to trolls, just parasitic scum.
ATB LTH's.
I'm not a trader but happy with the little trades over the last week. Sold small percentage here and bought elsewhere. Sold elsewhere after a nice quick profit & bought back here with a load more shares than i sold .... simples lol
Funny how Chris2 reappears when there is a bit of red.
Our very own Chris2pher Lee!
We were told some time ago that an agreement or heads of agreement with AA had been reached.
At the time we were waiting for native title and the DMIRS permission to mine to be granted.
Those obstacles are now completely removed. I anticipate finalisation of AA arangement to follow very soon.
As I posted earlier, this is complete nonsense.
Just look at the deal KOD did as a blue print for what UFO could do
Traders do very well, this site is fantastic for giving insight to punter sentiment, its a great way to make money.
Certain posters on here are way out there in never never land , and have clearly no experience in mining stocks.
Also Ignoring the ELEPHANT IN THE ROOM that was post earlyer today.
What is that in £ please Max?
Exch rate is approx £1 - A$ 2
Those 1/1 Warrants should have been 200+%. RS earns his coin in the fine print.
Comedy this - tree shake or some group trying to scare PIs. I don't think it was too successful as surely we've already seen it drop to 0.12 so can't be any weakholders left, just traders. Well done to anyone who genuinely topped up in the last few weeks
GLA
Mining License is a big thing.
Next news may not be far away?
Traders do pi/ss me off scaring buyers off. Calm down and wait on next bews ffs
@flatliners. The whole point of the $2M Funding Facility is to bring in JV partners. No placing before JVs.
Flat
Can you put an approximate date on this "placing" please.
Won't take long now for new lows and another placing. A JV will see this rise again with a new lower spike followed by another leg down..................
Traders selling this morning when there are no new shares coming onto the market prior to JVs. LOL
Tango - If there is any difference of opinion between Bennelong and the BoD on how that is interpreted it goes t the courts. Where does cash for legal action come from? No cash, Bennelong, Shemasian call's in his loan and pockets the company.
No it does not - only if they decide to 'dispose' of the asset within 5 years of making a decision to mine - clause 4 to which clause 5 links.
Tango - The next step would be a FID/decision to mine, that is what a JV would be. Any such decision would active the performance payment.
@JAllis - why would they do nothing for 5 years? There has been numerous mentions of JVs, partnerships being considered. As each milestone towards production is reached, the risk reduces, making UFO's projects more attractive to potential partners. In the latest funding agreement, the BoD were very careful to not allow the lender to garner more than 30% of the company's shares. Why? Because the lender could or would be required to initiate a buy-out as per AIM rules. You should be more concerned with what the BoD decides to do with IOCA - no necessity to put to shareholder vote according to the company's articles of association.
The money they would stand to make would surely be worth it - 100% of the sale value of a JORC 8.4mt of DSO with all necessary permits. Truly shovel ready.
Max, there are 2 side to Spin. You spin the positive, others can spin a negative. Ultimately the buying and selling decide.
When i get a chance to buy again, ill be back on your side.