Member Info for Chris2

31st October . Australian iron ore mining firm CuFe will suspend operations at its JWD mine in Western Australia (WA), as rising costs and lower iron ore prices force another marginal producer in the state to stop exporting.

All points to reasons for a falling UFO share price. There is no confidence this deal will go ahead.

Western Australian (WA) iron ore developer Strike Resources will suspend its Paulsens East iron ore project in the Pilbara after shipping just one cargo, as rising costs and lower iron ore prices crunch Australia's mid-tier iron ore producers.

The 2023 / 2024 projections of iron ore price could be a reason for delays to the start up.
“shovel ready” has never meant “shovel start”
Just be prepared for delays.

smiller. I think you will find the BOD of UFO IOCA and AA are pouring over the iron ore forecasts on a daily basis.
If you think they are idiots to do that then they shouldn’t be in business.
The future price of iron ore can make or break the huge investment required to mine it.

napthman1. Please explain why I am embarrassing myself?
I am guessing you are a know it all but others might be interested.
Ever thought of that?

Price of iron ore for the immediate future not looking good.

Goldman Sachs’ forecasts are as follows:

US$120 per tonne in 2022
US$100 per tonne in 2023
US$80 per tonne in 2024
US$75 per tonne in 2025

All in all, the broker appears to believe that the iron ore price peak is now long behind us and it could be a downward trend from here.

Oh dear.

Watch out for the big drop in iron ore price.
I did warn about this some weeks back but repeating again.
Increased market production and slow down in infrastructure projects will drive this

Myavian. Well observed.
You would want to be paid to spend so much time posting that much ramping hype and give so much false hope to so many people.
Pity the share price is dropping like a stone.

I would be surprised if they are still in business in 2024.

On the 10th September I wrote that the share price would drop to 0.48p and maybe a little under.
So no surprise there.

normbeef. Why on earth don’t you just filter me?
You obviously haven’t taken any notice of my warnings of a price drop so you will be better off just listening to the ramping.
Just filter out anyone who says anything negative if it makes you feel better.

normbeef. It’s so obviously bothering you.
I would be questioning the company that’s for sure.
That wonderful man who has pumped £250,000 “of his own money” sure is very quiet.

They are just stringing you all along.
Like I say.
Lifestyle Company.
It will all happen sometime never.

Are you just making yourself feel better quoting a post that got deleted 4 times?
Ever asked yourself why it was deleted 4 times?
That’s very sad.

I’m incandescent that the share price is following exactly as I predicted.
Never been so angry that so many are losing their hard earned cash.

Couldn’t be happier??
That the share price has dropped from 2.5p back to 0.48p and you haven’t sold a single share.
You must be ecstatic!!

Xataxx. Don’t ever assume all those posting on here are invested.
I think you would be shocked if you knew the truth.
I don’t think posting on here for five minutes a week is wasting too much time.

Chrisatbirdies. “Your losses are well documented on here”
You have no idea whatsoever on my investment strategies.
Not that anyone is interested nor should they be.
Most are only interested in the losses they are suffering being invested in UFO.

Not sure how Max111 can even show himself on this board when you see the pain so many are suffering.
Whatever the share price it is still the same message being pumped day after day.
If you can’t see through that by now you shouldn’t be investing.

So what’s happened to the incredible year for UFO that you were all told about?

What’s happened to the incredible October for UFO that you were all told about?

What’s happened to the huge rise in iron ore that you were all told about?

What’s happened to the huge rise in silver prices that you were all told about?

Sorry to say but this news is all very predictable.

You listen to the wrong people on this board.

More bad news to come I’m afraid.