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You think this would be a poor investment.
Shut the door on your way out then please.
Ah I lie, 2016. wow. yeah. that sure is relevant to today.
Flat liners - it's 0.16p - it's already below 10p. idiot. It fact not sure it has been above 10p. at all. ever.
Try another deramp, can't wait.
I don't talk about poor performance shares at a party. hehe
Apologies not new lows - it achieved that briefly in 2019. Hit the 15s today same as 2019.
Look at the graph at the performance of this and tell me this is a good share to be in.
"New lows today. "
I bet you are fun at parties.
New lows today.
Heading towards the sub 10p club within the next few weeks.
Then sold off cheap and end of story.
Will be nice for the buyers to get it so cheap.
Just the way it is on aim.
Wolfy - yes I think we are a bit overdue for some management news as well - they did say update in the coming week (unless it was a typo - weekS) and that 27th December. But it doesnt seem to have mattered to the company too much at this stage because the 8th Feb Development Study was given out in good order. So the Board and Chairman are managing fine.
Reduced to vulgarities and irony.
They will be looking at Alien metals for sure
New management team early jan keep
How long will t will the next Ceo be ill. Depends on how you read it.
Mary helped her uncle jack off his horse.
Mary helped her Uncle Jack, off his horse.
"THE LINE is progressing at pace 🏗️🚜
Discover how this city is coming together to introduce an entirely new way of living to the world 🌍
Neom is the largest construction project in history & has highest Iron Ore consumption in the world.
The Line is basically 2 skyscrapers taller than the Empire State running parallel to each other for 170km! Just imagine the amount of steel required!
They end up going2moon!
How long is the next CEO ill give it 6 months max They don't stay long 🤔
If mining plus are managing the hanc0ck project then there probably isn't a desperate need for a ceo just yet. However It would be nice if just for once ufo could do anything without it dragging on for years on end.
Anybody ready for a new CEO? 👀
Buy zone is here, although I haven’t bought yet.
the development study has confirmed the potential economic viability of the han**** iron ore project. whilst this is not a definite feasibility study (“dfs”) the costs and other inputs are broadly to a dfs level (excluding any assumptions relating to inferred resource). once a project funding partner is identified and terms agreed, the company and such partner will consider whether a formal dfs is required at that stage. ioca is now progressing development works towards the requirements for a final investment decision (fid). the following key activities have been planned as part of the next phase of project development:
· progress funding discussions, including self-development, possible joint venture options and other funding arrangements
· progress dialog with tenement neighbours to enable viable extraction of sirius resource
· complete optimised design of sirius haul road and pit entry which minimises cut and fill volumes whilst having minimal impact on environmentally and culturally sensitive areas
· finalise work with its consultants to determine most economical gnh intersection design
· finalise work with its consultants to optimise access road alignment for capital savings and cultural/environmental sensitivity. this will include geotechnical sampling along preferred alignment to identify scale of drill and blast requirements.
· finalise mine operations centre layout for cultural and environmental sensitivity
· finalise discussion with potential offtake partners to confirm desired product specifications and market appeal.
· continued focus on heritage surveys:
o access to bore fields to secure a water supply for initial infrastructure works
o access to ore reserves and adjacent infrastructure
o clearance of exploration potential zones
· exploration activities in those areas identified as having exploration potential to target an increase in resources and reserves after the required studies are completed.
Mining lease application
Permission to mine - i am assuming a standard MDA? or is it licenses?
Hi CJ - thanks fro your response. You are 100% right - I guess I thinking that we can still do the leg work for a funding partner until we have the MDA? Then, as we would have been fishing for one already/have one waiting on the sidelines then it would be a possible to activate the partner agreement subject to MDA (as you say) and some finalising of the agreement?
"so i guess it's the funding partner news that we are waiting for -"
No... We await the permission to mine from DMIRS. It should be granted very soon.
From that many things will follow . Not least a funding partner and start of road building etc.
sinterklaas - good posts, thank you.
i was looking for the dfs but it appears we won't have it but we have the development study instead. so depending on what is felt then development and production shouldn't be that far off?
"the development study has confirmed the potential economic viability of the han**** iron ore project. whilst this is not a definite feasibility study ("dfs") the costs and other inputs are broadly to a dfs level (excluding any assumptions relating to inferred resource). once a project funding partner is identified and terms agreed, the company and such partner will consider whether a formal dfs is required at that stage. ioca is now progressing development works towards the requirements for a final investment decision (fid). "
so i guess it's the funding partner news that we are waiting for - finance bonds? previous post mentions andrew forrest - we thinking he might be looking for this one (as he isn't one of the major ones) or gina rinehart or robert friedland? speculation at this point of course. dont want to do that. for me depends if this development study is enough. thoughts/opinions?
Aware of this story due to GGP investment but could still potentially apply here, as Sandeep Biswas will be looking at or at least ware of Base metal investments in the Pilbara.
Feb 23 (Reuters) - U.S. activist investor Elliott Investment Management is setting up a company to hunt for mining assets worth more than $1 billion, according to sources familiar with the matter.
Elliott's new venture, called Hyperion, would have a mandate to buy across all assets, including base and precious metals and commodities used in electric vehicles, the sources said on condition of anonymity. The new venture will be led by former Newcrest Mining CEO Sandeep Biswas, they added.
The Financial Times first reported the news.
The mining industry is a key focus for policymakers and investors globally because it provides the critical raw materials needed for electric vehicles and renewable energy infrastructure.
By 2035, demand for lithium, nickel and cobalt is expected to be 23 times higher than in 2021, with copper demand doubling over the same period, a study by U.S. ratings agency S&P showed last August.
Elliott is willing to leverage the $65 billion that it has under management to go after larger deals if the opportunity arises or bring in co-investors, according to the sources.
The investment management firm did not immediately respond to a Reuters request for comment.