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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.
5x5.
What's guinea got to so with australia. That is where Max111 says they have a problem.
Iron ore will make the company moon. I agree with smiller, the silver is a side show for now.
How many regulars on here would vote to accept that Β£100m offer. Would be a shame after waiting this long but i think it would be accepted
Way too long. I agree with the takeover comment though. Anglo american bid possibly. We are very very cheap compared with some top quality assets
Is that chris2. Must be because i haven't green binned many. I would like to take the opportunity to wish you a merry xmas and a happy new year. I think you will be gone for good soon. What could have been eh chris
Just Looking at a few alternative explorer companies and l where they are with their projects l. I can't see many with more potential than ufo. Quite a few seem nowhere. Yet they are often valued greater than ufo by the market. I do get this.ufo do need to start delivering on their projects, but I'm sure that once positive news happens i am sure this will change.we have got so used to a low market cap that i think it is easy to under valuing ufo . I think a 100m market cap would be about right once permissions are given. That would have us around 1.5p i think. Would be a battle to get there as i think many will jump ship after such a long time under water, but once this bod start delivering i think the true value of ufo's assets will emerge. I know this is a happy clappy rampy post, but i am starting to feel very positive about ufo