Member Info for 5x5Croire

Excellent!

'By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens. ' John Maynard Keynes

Saying inflation will be 4% by y/e, that's the killer for the man/woman in the street.

Be thankful all the news over the next 6 months is coming out of Australia. Mexico now moved to Red for travel, pushes our prospects well into the future. Don't think BBG will be frustrated at not being able to go there.

Glass half full, glass half empty - seems we have both types on here.

He's chomping at the bit.

Like an Olympic sprint between you 2, who can get the Twitter link in first!

Feel a bit sorry for BBG, having to sit in the UK, when he would prefer to be on the ground. Sterling job. Exciting times.

RHI would have owned 19% once producing. Share price went from 0.17 aud to 3.85 in the last year, up 2164%.

30 Jan 2020 from announcement -
'RHI owns a 40% interest in the RHIOJV, which is maintained on a carry basis by API at no
direct cost to RHI until the commencement of commercial production.
Upon commencement of commercial production, RHI may either elect to participate in the
continuing RHIOJV mining operation at the 19% level or elect to convert its joint venture
interest to a 2% FOB Royalty on all RHIOJV iron ore production. In the event of RHI electing
to convert to the 2% Royalty, all funds advanced on RHI’s behalf during the carry phase will
be written off and the company’s interest in the RHIOJV (which will be restricted to the FOB
Royalty) will be debt free.'

The deal was done for AUD 400,000,000 and a reduced royalty of 0.75%, so in effect the cash was for 1.25% of the royalties.

Cash going forward to develop their 100% owned projects and annual income once the JV/ Carry goes into production.

Looks to me a good deal, as they had no costs to prove up the Fe.

We have the benefit of being close to infrastructure. Did you allow for AUD to GBP in your calc.?

& retained a royalty on future sales.

I read it as they sold 40%, so 328mt.

Take a look at Red Hill Iron, see what they were paid for some of their Iron.... Wow! RHI on the ASX.

https://www.marketindex.com.au/asx/rhi

They're a bit late on the Iron Ore, amazing rise over last few years, 10% drop recently. Last 3 years up from $68, to over $200. Should still be worth plenty by the time we know how much we have.

Whole sector is down, I imagine most on here would stick with BBG. Ytd down 34%, even GGP Ytd down 51%. Not fretting over either of them.

Just another manic Monday!

There was heavy buying when the price rose last year, that what made the share price move, not hype. I'm down a bit too, not concerned. The reasons we all bought still hold true today - actually a bit better. Would prefer to be up, expect to be if the DSO number are good.

There's also our side lined Greenland project. I know all eyes are on the DSO, but is anything likely to happen with Greenland? Had to laugh when Trump said he wanted to buy it. What had he been told that made him say that? Came to UFO for the silver, sticking with it, plenty to come.

https://www.morningstar.com/stocks/xlon/jay/ownership