Member Info for Chrisatbirdies

If we don't get further news this week then ufo will have once again missed their deadlines even though they were only stated in the august 3rd rns. Troy has been in charge of of ioca since its incarnation i believe and over seen a number of missed deadlines. Bill took the flack for that. Personally i see this bluejay announcement as a big disappointment and i think its time for Troy to earn his huge bonuses.

Thanks Smiller

Has anyone got the fenix timeline post that they could put on here. I've looked back but couldn't find it. I thought it would be a good idea to re- post it on here

Wolfy81.

Apart from one recent very large transaction i am unaware of a sell off. Would you care to elaborate. Wasn't a recent payment made to a geologist in lieu of work done.

Maybe it was them cashing in

Hi Max111.

I wonder what the delivery period is for these vehicles. The contractors won't be able to order them until the iron ore contracts are signed. I would guess it will be longer than six months

It is worth saying that any offer would not be any where near the fair value price quoted by the broker. It would probably be at a 60% premium to the highest price in the last year. I would expect it to be less than 1p. So i hope it is given short shrift

A.J.49

Surely now is the time for a buy out before any more stages are met. But i get your point, its a possibility. Business has no conscience has it

Hi Dipp666.

I just compared the timelines and they appear unchanged to me. Would you mind telling me What am i missing.

Much appreciated

In my mind the financials are what is holding this share back. Progress has been very laboured and the company quick to dilute its share holders. However i just can't see the point in another raise at this level as it will sink the company. The assets are world class and taking the price any lower is just suicide and begging for a take over.

I know the b.o.d. say we are funded to the decision to mine.

That according to the august 3rd RNS. Could be next week.

Ufo turned down the 2nd tranche of an agreed loan, so i think Max111 is right and ufo are confident of funding not only for production but also for the day to day running of the company.

from the august 3rd r.n.s

"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."

the d.f.s and the final investment decision to come ometime next week or soon in the new year then fingers crossed.

Fair enough happy h.

The feasability study should provide the numbers we need.

That's the next stage you mentioned that will get us all excited. Hopefully that rns won't drag on . Looks like the market already priced the knacks agreement in. Its a bit hurdle to get out of the way ufo will be able to move the other hurdles along themselves

Give it a rest moon boy. I like moan now and then, but you never stop

I did years ago. Complete waste of time reading his/her stuff.

Therefore there is no power line objection to our agreement napthman1.

Napthman1.

Would you mind sharing your source for this power line objection. What power line ?. The workers will travel in to the site, which presumably will have generators for its needs like most small engineering sites

PlunderEurasia.

Enjoy Australia. I will look forward to your report, should you get anywhere near the mine. They say the coastal areas in western Australia are very nice. Not sure you will want to spend to much of your time out in the wilderness

So the financials with knacks still need to be sorted ? For me that wouldn't constitute an agreement with knacks at all. Surely any agreement would involve the financials

@ tufftrader.

It took 11 days for the rns to appear after the permission. For the other hanc0ck area. That takes us to monday.

There will be lots of legal documents to sign and we all know legal stuff is slow, plus the knacks people are pretty laid back as well. In the ufo presentation quite a bit of news scheduled to appear before the year end. Only 11ctrading days left. Looks like it will arrive like buses, all at once

@ CJ .

Just had a look on your facebook link and nothing on there.

Someone did ask for news on the permissions yesterday, no reply though

5x5.

What's Guinea got to do with Australia. That is where rio's problems are.