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4778 summed it up very well indeed.
heres the way i see things.
price of iron is low
also dso reserves are still small but increasing…
we need the sp to rise to facilitate funding for han****…..
also we need the sp higher to conclude the final payment for windfield…….
so what options to alien have?
we raise 2m and 500k from bennelong
go back to the drawing board and hit the ground at pinderi hills and see whats there..
there is a good indication of pegmatites up in the north so why not give that a try?
it seems to have worked for azure minerals which have similar geology to munni munni and that seemed to have worked for them….
atm the bod need to show and prove what we have and create something here that investors can get behind.
if there is pegmatites down there then the dynamics of alien change completely and hopefully so would the sp.
looking at the performance awards for troy they start at 1p which is interesting.
by then q2 2024 we should have the green light for han**** and operations can commence.
hopefully iron ore should be comfortably above $130
and our sp should be high enough to facilitate raising capital.
i just hope the bod get their finger out and produce some shareholder value , so im eagerly awaiting the next rns and see what happens.
atb.
In this episode Barry chats to Tony Rovira, managing director at Azure Minerals (ASX:AZS).
A must listen
The company recently made news picking up more lithium ground at the Andover JV project.
https://stockhead.com.au/resources/explorers-podcast-azure-extends-its-lithium-ground-exploration-with-andover-jv-project/
look at troys performance rights (260m) and they start from 1p
also something ive noticed is how they’ve numbered the performance awards number 5 before number 6
makes me think theres something on the cards for eh/munni before we execute the final payment for han****.
we need the share price up to facilitate this
Seems as if they have something up their sleeve for munni munni/EH
the bod need the share price up to facilitate funding for the han**** project, i recon some decent news to come out off eh/munn munni soon
Moon boy your the one that bought Alien t-shirts and mugs back in 2020 😂
Unclejim how is the commencement of a DFS to meet funding and offtake requirements reducing shareholder value?
"the provision of the dfs in the coming months will see the han**** project positioned to swiftly move through and conclude the funding and offtake requirements that will lead to the company's final investment decision in the latter part of this year as the final regulatory approvals process continues to progress."
key words 👉funding and offtake requirements
no dfs means no funding and no offtakes
just another step towards insuring that anglo american are happy to provide the 15m required and give the go ahead for the offtake agreement …
once this is achieved i belive we will be massively derisked and the 5m can be easily accessible.
Thanks DGR👌
commencement of dfs is very positive also as i’ve mentioned before work on the application is ongoing.
“progressed the required regulatory approvals for the project, which includes ongoing discussion with the native title holders and completing the required fauna, flora and vegetation studies to support the environmental application”
troy whittaker, chief executive officer commented:
"selection of mining plus to conclude the company's definitive feasibility study for the han**** project is a significant milestone for the company and its shareholders. over the past month the company has been focused on de risking the project through the delivery of the mining inventory and reserves and capital and operations costings to support bankable levels of project definition.
"the provision of the dfs in the coming months will see the han**** project positioned to swiftly move through and conclude the funding and offtake requirements that will lead to the company's final investment decision in the latter part of this year as the final regulatory approvals process continues to progress."
I know who is genuine because its easy to siv through the 💩
There are opinions and then there are facts which can be verified ,im not saying I dont agree with some opinions here which are negative but im sure readers of this board appreciate tangible information that can be analysed and taken into account.
Now,what are you going to tell me that there hasn’t been any developements in the application?
Because the share price is going down does that mean the company are no longer working ?
You can carry on staring at the share price and tell us how much of a flop this investment has been for you we get it 😴
Investors know that UFO is at a crucial point were one right move and a bit of luck the downtrend we’ve been experiencing for the last 3 years will be history.
Bob certain information I am happy to share with genuine shareholders perhaps not with you, hope you're not offended.
Yes there are updates but I wont bother sharing them here.
Work on the application is still being done in the background those that know know!
Leave the bickering to the uninformed like Bob etc
🫢😉
Wow how sad, you know what let me make a new account and then reinvent myself and spend most of my time on chat forums saying the company is going nowhere and yet is still holding until it reaches at 2p to sell LOL
Bob which one is it?
Tacet you are a well informed poster and I do appreciate your occasional technical input despite your stance which is the purpose of this BB, please don't involve me in this chimps bull**** and keep it factual thanks.
Bob dont want to get personal but you post a dozen times a day calling people clueless but in reality very little usefull information is coming from your end its all just opinion which coming from a new account a month or so ago is quite disingenuous to say the least.
Yeah Bob thats old news no need to get emotional.
I also like the idea of Troy steering the ship , he has the experience and the connections to make things work
And the incentives are all there to get this over the line.
Bob in the RNS they only claimed to have a key meeting with knac and update the market on the company strategy,that doesn’t necessarily mean it will be concluded and announced in July.
Huldi its mostly where facts are shared not so much opinions from the uninvested👀
Momentum should build here as we expect some important updates regarding Native title clearance now
Thats some real news !