Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
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SP is just too cheap with UFO as a near-term producer, mining lease granted for 21 years with easy access to export channel (world's largest bulk export port) leveraging on existing infrastructure with massive potential in the heart of iron ore country Newman (
Less than 5% explored.
Plus Vivash & Brockman (est exploration target 233Mt).
Plus lithium pegmatite swarm & re-assaying core results soon, Australia's highest-grade silver mine, copper & nickel (Near Surface results includes 5.2m @ 2.1% Ni) one of Australia's largest PGM (PGM usually have attached nickel & copper - hopefully news on this soon) and Mining Leases in place in Tier1.
Plus sector now moving up.
Yes its going to p p p p pop soon
You have been saying that for close on 4 years and 8000 posts.
All that has happened is that the share price is and has been in steady decline.
I think it’s only fair to say that most of your predictions are inaccurate and misleading.
You Chris2 for the same period
Have been telling us UFO will go bust.
They are going from strength to strength. The SP is like many other miner/explorers unjustifiably very cheap.
Get a life. and p1z o ff
@Chris2. You are not getting your buy order filled. Just buy some shares & enjoy the uptrend.
Max
Chris2 is not going to buy anything. He hasn't got two halfpenies to rub together.
He sits at his mother's computer all day pretending to be Warren Buffet.
Got outside and get som vitamin D chris2 you knight in shining armour
CJ,
Who has been closer to the Truth? Maxeyboy or C2.
Not much of a conundrum is it?
Even you have shown some doubt recently.
Bishop go bash over something else hey. Missed your chance over a lower entry!
Hey if only you were still in our group you would have seen what we did before everyone else and got back in around .12
C2 has done a wonderful job of predicting the Lassonde curve to this point in time - perhaps he's not really a clairvoyant. His problem is that he fails to recognise that the same curve predicts a fair chance the share price will rocket if we hit production, and is unreasonably negative in his attitude.
Max's problem on the other hand is that he fails to recognise that many company's in our position just die - especially those that are poorly managed, and is unreasonably optimistic in his attitude.
I don't think either truth is real - just a possible outcome.
We all should know this is a gamble, hopefully one each gambler can afford to lose. Over-stating the case either way is not helpful.
@napthman1 are you calling the bottom ?
Bishop got out and could of got back in lower he waited imo was a fair idea
"When heritage comes through it will rocket"
"Mining licence it will rocket "
Are we still not waiting for new CEO ?
Something stinks here imo hope i am wrong but this never moves like the rampers expect
I got out and waited, but i have also made a good friend who gave me the heads up on the license and a few other things!
Patience is key. Its all coming
Have they started building the access road yet? They'll need to get moving on that if they're going to get ore to the boat. Any news if construction has started or when it is going to start.
@Steveiom. They will mobilise and start construction July/August.
The haul road is the only infrastructure they need to build. Mining town Newman has is commutable from Great Northern Highway.
So no need to build mining camp etc.
Very solid business with DSO at surface & 1:1 strip ratio.
@bishop
"Who has been closer to the Truth? Maxeyboy or C2."
C2 has predicted "UFO will go bust"
That is a binary prediction.. Has UFO gone bust?... no they are thriving.
So C2 is absolutely wrong
Both been wrong technically . The majority in the middle . See potential but disappointed in the speed of progress. It would really help if we could get a flood of capital back into the sector . Heard buffet is sitting on just a bit of free cash... but seriously I don't understand why "smart" money can't see the sector at lows and the potential.
The road is late.. but thats not really suprising as so is everything else.. but I am not too fussed at this point as physical works can be expedited..
The Offtake / Funding / FID for Hanc0ck are the most critical updates UFO will have in years.. we have the license now.. No more delaying it UFO.. Can this project get off the ground ?
All Contractors are ready
Mining license in place
KNAC onboard
Port is ready
Customers want the product
Ore price is good ....
I expect to hear the verdict by end of June.. hopefully before.. I dont see what is stopping it now outside of Money changing hands and papers getting signed..
I thought when they said they wanted to jv everything out, that took the off take agreement off the table(as well as the deal with AA) as taking an offtake agreement would mean they still would have to transform from explorer to miner, which I think they have decided against. So I assume they won't be planning on building a road full stop now.
Cj UFO has no income and money to last till about August I would say. I would exactly call that thriving
Peanut
I assume you meant to say WOULDN'T not would.
But either way against a binary "go bust" it is thriving
The way i see it Peanutty the AA deal is still there, we have not had any Rns,s to say otherwise, it looks like we will transform from a explorer to a producer and the Jv situation will be EH and possible others.
Instead of waiting more years to get the others up and running from the proceeds of Han, we simply lock into Jv,s and this year we finally get our name on the map.
EH already has the licence its ready to be jv,d i believe this is our year of transformation and a new direction for our sharer price.
So July/August for road construction? Let's hope that happens because without it and without news of a major JV there will be no ore mined or shipped come the first quarter of next year. Lots to play for but this bunch need to start keeping to timeframes and come good on what they can control. I'd rather see a tweet of diggers making a road than continuous tweets about the silver price or lithium.
@Steviom this is my point.. time is now for UFO to step up.. they dont really have nay more excuses to delay the mining.. all the pieces are in place !! only the deal to sign and the FID !
Pretty much my gripe with the company Norm.
They had plenty of time to agree direction and contracts subject to receiving permissions. In fact they stated months ago that offers had been made and discussions were ongoing. I fully expected that the company would act quickly to rns its plans and we would be off. All we get is the usual wall of silence broken only by twatter comments on the silver price and puffing their chest out because they've sponsored some government initiative. Its high time they actually did something themselves . I am tired of reading that we need yet more patience and it will all happen soon.