Member Info for 944Turbo

Read this.
https://www.afr.com/companies/mining/bonanza-for-iron-ore-miners-20210420-p57ksi

944T

Ok so if we look at the positives and try to not to concentrate on the negative which were basically the presentation and how it was presented.? One thing Bill has to work on for sure. There were lots hidden in the presentation that could have been expanded on.

Still to me the most significant for now is.
We have just completed a maiden drilling programme and we are now working up the results, the geology, the analysis, the assays, putting all that together. Very excited with what’s been done and looking forward to updating the market.

Think we can expect an RNS sooner rather than later.

Lots of other snippets picked up by Max as I would expect but overall lots of hidden positives. Far more positives than negatives nothing that should drive the sp as predicted by the derampers in fact we may see a positive bounce and when the DSO comes out happy days.

Overall I’m happy will certainly not be selling anything .

944T

Ok so I’m not going to beat around the bush the presentation was not great, but I ask you to listen back to where he talks about the DSO and he says that they have the results back and are reviewing before sharing with the market. This and some of the crazy numbers with regards to the silver drill results at EH were the only things that were new to me. Fingers crossed on the DSO RNS soon.

944T

Wents I just glanced at it and totally missed the Naps in paragraphs simples as that . We all make mistakes its being big enough to stand up and accept them that counts. No hard feeling.

944T

Max I didn't see the opportunity to ask a question when I signed up.

944T

yes 2020 I should have read it properly

944T

So what do you think we can look forward to tonight MAX111. throw us a kipper lol

944T

OOPs now I apologise I should have read it correctly you were referring to Naps sorry Wents for my reply.

944T

Wents I really am stumped by your reply when was I not civil or disrespectful and where did I say anything regarding deramper . I merely answered the question you asked the other day regarding the deal that was done with Capstone.

I'm certainly not going to apologise for something I've not said unless you want to show me other wise and I will gladly apologise. With regards to being it a factual statement I agree I have in fact not disagreed with anything you have said.

I really don't get your reply Wents.

944T

Wents I don't think that's a lot different to GGPS and Newcrest gave them a $50m dollar loan to fund there part of the decline knowing that once the maiden resource was found they could obtain a loan at a lower rate. Naps is that right or am I off track.

Wents based on the information what deal would you have brokered.

I agree it doesn't look great but I still don't think the GGP one was much different I'm sure people on here will know.

944T

I will be but not until around 7pm when Bill is on.

I'm intrigued by what he will have to say. I have read certain things over the past few days which have made me think mmmmm intresting ( am I reading that right ) but lets wait and see. There is certainly lots to come and I have said all along that the DSO is the game changer I given my thoughts and calculations but time will tell the more we can prove up with regards to a resource estimate the better opportunity you have of swinging a better deal.

Wents in answer to your question yesterday and again today I personally think that when you have identified a find like UFO in Mexico and GGP in Australia and do a JV at that point the best you are going to get is 20/25% tops. All you've done is identified the find the rest is down to them, so more drilling to find the full extent and possible maiden resource all costing millions of Dollars and to progress it from there to a mine hundreds of millions of Dollars. So how could you possibly expect more.

The DSO is totally different it goes from surface to 150m down so open cast you don't need a massive mine and plant to extract the material be it gold, silver, platinum etc, you dig it crush it and ship it .

That's why in my eyes BHP are best placed with there rail link near by 40 klm Rio are over 150 klm away .

So the out lay with DSO is far less than a precious metal mine but you still have to identify the full maid resource to get a full value hence the more you can identify prior to JV with regards to drilling the better deal you can barter because you have already identified a certain amount. All they then need to do is more drilling to find the full extent and extract, but even then I do not see you getting a better deal than 30% max due to the capital out lay by the JV partner. They are going to be doing all the work with no cost outlay from you and all you are doing is collecting the cream off the top.

Just my thoughts so going back to your first point lol regarding the Capstone deal and 80/20 yes I think that's about right.

Please feel free to share your thought on how they could have negotiated better and what you think the deal should have been given the above.

944T

Guess who's, back back again. Welcome back BB.

A 5m buy was that you BB,

944T

Chris so 4 hours on from my question and still no reply and you run Max down, Shame in you.

944T

Come on Chris name names put you **** on the block let’s know who they are. Let’s see how long we wait for an answer!!!!!! I recon about as long has his been waiting to tell him how many shares he has.

944T

EW98

Nice post as usual, very informative I think many of us have always questioned TP estimate lets hope that the drilling goes someway to proving it being way to low.

944T

Chris can I ask what exactly is your point and can I just say what Max says on here will have little to no effect on the share price. ( sorry Max) Also if he comes along and says he has 1m.2m.3m or 10m what difference dose it make to you. Why do you continuity have to troll him.

You don't even own any shares in here any more and sold out on the drop so didn't make the huge amount you claimed .

Those of us who do hold share in here don't really care what you say were in Maxs comments we actually do.

Sad so sad.

944T

Morning Max

I'm still hoping for an RNS in the morning which will lead nicely into the webinar.

A silver move to those height would be massive for UFO.

Where's Mr Moon gone not heard from him for quite a few days. Unusual for him to be so quite.

944T

Pickuzawinnah. Nice post, I’ve never thought my Inichal post would create should a good chat good to see people’s comments. I do think that patients is the key here we just seem to have been juggling so many balls for quite some time UFO have so many good prospects. I see the tailings as a way to fund projects which again is fantastic which is something that the majority of explores do not have by the end of the year we will have a much clearer picture for sure. Have a good weekend guys have a new bbq to play with.

944T

2020 yes your right there plenty of things to update.

944T

To me there has to be some news because other wise I really don’t see the point. We had the presentation at the Swedish mining convention along with the updated presentation on the web site from Feb so what would be the point unless you have some kind of news other wise I don’t really see the point. Just my thoughts and if there is nothing just going over the same old stuff I think it will affect the SP and I don’t think he will be wanting to do that.

944T