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Chris2 just posted an interesting article dated 30th Sept which states that the Chinese plan to keep steel "output low in 2022 and let it rebound in 2023, 2024". This is very bullish for UFO since I estimated production will be in 2023 (under 2 years time).
It also states, "China continues to rapidly urbanize, while infrastructure expansion remains a core part of its latest five-year plan."
"We expect Beijing may have to drive infrastructure hard next year to reach five-year targets, and that should help steel demand."
And most importantly it also confirmed what I stated earlier, "Major miners are largely not expanding production, leading to tight supplies."
Iron ore price spiked to $230 earlier, before falling back. Now at $123.
Need to take a 3-5 year view. Commodities super cycle spans over a 10 year time frame. Perfect time to ride all the Upside from current low price to the next peak price.
UFO is not one trick pony and provides multi commodity exposure and upside and makes UFO bit unique with massive upside.
So big day tomorrow for UFO.
7am RNS = Alien to announce results of Scoping Study which provides an initial economic assessment of our 1st MRE.
5:30pm = Investor Webinar
https://**********.brand.live/c/alien-metals-webinar-19th-october-2021
This link works:
https://www.londonstockexchange.com/news-article/UFO/investor-webinar-replacement/15162115
Will we get an upgrade from TP?
cheers for that max lost the link had it emailed to me as well, didn't want to go through everything again
Can't really see an rns in the morning. If they have results I would have thought there would be a requirement to release them as soon as practicable not to manipulate the release to coincide with a webinar. Not deramping just being realistic and would love to be proved wrong.
@Steveiom sort of agree but Tuesday is bills favourite day to release RNS
Odd that share price not creeping up in anticipation though?
Steve am not sure they have to release the details of a feasibility study as soon as they get them? Like some sort of internal report not quite the same as drill results. They might do the talk then release the info after hours also. Don't be surprised.
RNS is tomorrow 19th October:
Alien Metals to announce scoping study results on Han**** iron ore project on October 19
https://www.proactiveinvestors.co.uk/companies/news/963037/alien-metals-to-announce-scoping-study-results-on-han****-iron-ore-project-on-october-19-963037.html
Just not sure if it will be 7am or in afternoon, but my guess going by release of RNS's this year, it will be 7am.
imagine they release that and say we have a JV
I interpret the text as announcement FOLLOWED BY the webinar.
Alien Metals Ltd (LSE:UFO) will announce the results of a scoping study on the Han**** iron ore project in the Pilbara region of Western Australia on October 19.
The announcement and a subsequent live webinar will provide more details on the project.
I concur with CorbyDealer,I would have thought with all the positive news coming down the tracks, that the sp would have been gaining abit of traction by now. I’ve been in ufo for 15mths,have a very low average,but finding it frustrating.
love it how everything today says its a sell, it isnt that hard to report the right way its just a joke
Indeed, the comparisons here to GGP are uncanny, I sold ggp at 5p, been kicking myself ever since, not making the same mistake here!
Did think that UFO being christened “the next GGP” by many possibly slightly hyperbolic but after today it really does in fact feel like a very apt title!
No offence JR, but you tend to jump in and out of stocks in days that pop up on the top risers of the day VS holding anything for long so perhaps disingenuous to pretend otherwise, I just saw you back on GGP after the pre PFS rise and you're gone again :-)