Member Info for Barrett

Well I'm late to the party as usual. Does anyone know why we've popped up 16% since midday?

What a grey day. These facts from the Perth Mint might brighten you up:

'The Karratha Queen weighs in at 145 kg and contains about 3,520 oz of silver. The native silver specimen was discovered at the Elizabeth Hill mine in the W Australian Pilbara region. It measures an impressive 85 x 38 x 47 cm."

"Iron ore has rallied to $US145 per tonne, its highest price since April 2022, as optimism builds that China’s economic recovery is gaining momentum" writes the Australian paper Financial Review today, and points to the extra tax dollars the govt is getting from the fast-rising iron ore price.

But what's good for the Oz govt is a price nightmare for the Chinese govt, and we should be ready for a massive boot to come down on the ore price soon. We've seen it before, I hope Aliens can stay cool when it happens

This at last is a better time for miners, not just iron ore but also precious metals, battery metals and cryptocurrency miners. I'm glad it's Jan 2024 and not Jan 2023 or 2022 or 2021. Plus the long-running arguments on this board show me that people are invested and bothered about what happens next.

I"m happy to be here right now.

Wishing all Aliens health, wealth, and the chance to enjoy them.

Happy New Year.

Go UFO.

It's an interesting article Freddy and pointing to an upswing, but it's not guessing at when that will happen.

I don't like the top management change here, but it's the latest in a long line of bumps in the road. There are zero guarantees of profit for tiny companies, I"m just glad we're still here.

Roll on 2024. Happy New Year to All.

I haven't checked what's happening here for a few days, and sometimes it's good to miss out on the action: share price 0.22p on Thursday 21st Dec, 0.22p on Friday 29th Dec.

Go iron ore, go UFO.

Cheers Forrest, Merry Christmas to you and to all Aliens.

The continued strength of iron ore is wonderful, go iron ore, go China.

Hey Forrest, I only buy and sell if it suits me, you don't need to give another thought to any advice you gave me: but I've had my moment of fame with this header! And thank you for being considerate.

I've been watching this company for over 3 years now: the price is erratic, up and down. I'm not bothered coz I'm going nowhere until I'm in profit, however long it takes.

Great to hear better news about China's economy. All the media talk about it slowing right down or even stopping was dodgy because it makes people move their money around for nothing, and every move you lose a little (or a lot). Media has got a lot to answer for nowadays.

Quite right cj, especially the 100% owned silver mine:

"Unforgettable, that's what you are

Unforgettable though near or far

Like a song of love that clings to me

How the thought of you does things to me

Never before has someone been more

Unforgettable".

I agree with you smiller about sticking around well past the start of mining. Hanc0ck is a low risk project as you say, and the other attractive aspect for shareholders is that it's vast.

And congratulations to the management at Alien Metals and IOCA. Respect is due.

"The project is now substantially derisked": great to read those words from Troy Whittaker.

Congrats to Aliens old and new. Max is the Daddy.

The US is making an interest rate call today, UK and Europe tomorrow. No change is expected and yet, as usual, traders are pulling their cash out of the markets and tucking it under the mattress (for 5 minutes).

Gold has slid back under $2000/oz; silver, platinum and palladium a little in the red; mining stocks are down.

This has been the story for the last 3 years but this story is coming to a close. The only way for the interest rate now is down, and miners up.

Napthman, it would be great if UFO has other partners interested. Even better if AA's troubles have been overblown by the media, that's very likely.

Chris2, yes I was worried when I read that AA is having a hard time. I would be much happier if there was another big company in the background waiting to join UFO in mining Hanc*ck in case Anglo falls through. We'll have to wait a while to see where Anglo is really at: and be glad that their troubles are in South Africa and Chile, not Oz.

Quite right as usual HH.

Max, thanks for the detail about Morgan Stanley forecasting around $120/t for iron ore throughout next year: a lot can alter in 12 months, but the mining path we're on is looking more and more solid.

(I just checked the iron ore price. Christmas has come early. But I do hope iron ore saves some oomph for when we start digging it.)