Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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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 :-)
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!
Indeed, the comparisons here to GGP are uncanny, I sold ggp at 5p, been kicking myself ever since, not making the same mistake here!
love it how everything today says its a sell, it isnt that hard to report the right way its just a joke
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.
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.
imagine they release that and say we have a JV
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.
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.
Odd that share price not creeping up in anticipation though?
@Steveiom sort of agree but Tuesday is bills favourite day to release RNS
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.
cheers for that max lost the link had it emailed to me as well, didn't want to go through everything again
Will we get an upgrade from TP?
This link works:
https://www.londonstockexchange.com/news-article/UFO/investor-webinar-replacement/15162115
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
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.
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."
5×5Criore
Agree. Copper flying. Silver has got to be next in line. Just a matter of time, but when Silver rally starts, it would be well worth it. Any day now.
On more detailed analysis this weekend of all UFO projects and their locations, i would now add BHP and Fotescue Metals as potential suitors in addition to RIO for various deposits between 3 of them OR coming in as JV partners for different projects.
Also noticed that "Brockman" and "Hanc0ck" were both identified earlier by BHP as part of their early work. Just like Castillo Copper's massive ARYA deposit was highlighted by BHP much early on as a must drill target.
I like the multi-commodities exposure at UFO.
About 70% Gains to be had just to get back to last Director buy level. I think I'll have a cheeky top-up on Monday. Exciting news coming on Presentation day. Ironore and Silver on the way back up. Zinc flying...and more Metals to find at EH. Mexico news could come out of nowhere! Exciting times ahead at these Rounded Bottom levels.
Tuesday will see everyone up at 7. Noticed you are in Castillo MrP, had it and Chesterfield as monthly punts. Still holding CHF, hope CCZ comes good for you. Copper really on the move. Silver must be next to fly.
Next week should be good one with Hanc0ck scoping study due any day now.
Hanc0ck maiden JORC compliant inferred resource of 10.4Mt @ 60.4% Fe is superb. More to come here.
UFO bottomed out now and looking very good for a nice rally in Q4 with further Operational updates
2022 should be extremely rewarding for all holders already in OR getting in from these lows.
Supply & Demand of Iron Ore:
Supply:
70% of Iron Ore is supplied by the top 4 producers and their production is forecast to remain flat. They are engaged in replacement tonnage and not additional tonnage. Vale CEO just said Iron ore market will stay 'relatively tight'.
Chinese interests in Africa require at least 10 years of development and even then, will only be able to supply 10% of China’s iron ore requirements (without military coups).
Demand:
Demand for steel has been skyrocketing and will continue to increase significantly as the Trillions of dollars of infrastructure stimulus start filtering through, plus with demographics the middle class in Asia is expected to increase from 2Billion to 3.5Billion by 2030.
Consensus for Iron Ore is around $130-$160 (without the Infrastructure Stimulus Bill).
https://www.youtube.com/watch?v=crRaraVj_Nk&t=341s
Plus we have DSO which sells for a premium.
ill go on record and say if the study we will see on Tuesday is good then less than 1year/before end 2022 a trunk will have UFO DSO on it or it will be sold off in deal.
2020Upside, I was referring to Graphite held by GreenRoc. I don't believe they have iron ore. If they do it isn't one of their big plays. Thought it was relevant as I imagine with it being at surface that it will be a similar extraction method. 2 years isn't so long. Churn out 1mt per annum even at a measly $20 profit is $20m profit per annum. Use that to get Brockman into production which early estimates predict it could be 10-15 times bigger than Han****, then if you can hold 5 years you will be taking the value of your holding today in annual dividend payments. I must admit, that sounds a bit rampy, but logical to me
If the iron ore is there and it's 60% grade and iron ore can keep above $80 then I can't see why it won't happen. The likely hood is that all 3 of those will be a tick in the box. If