The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
@ 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 £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
The knacks meeting for the (E47/4817;) tenement was thursday 28th september.
The ufo rns was on the 10th October , some 12 days later.
Not sure if i have missed that knacks had subsequent meetings regarding this area, but we had a 12 day wait.
So maybe a week on monday.
@ napthman1
Lol got a chuckle from me there. Very funny. If i was paul daniels surely i would have made chris2 disappear
A note of caution.
No use of the port until quarter 4 probably means no income until then. That's still a worry for me
Morning cj.
On the plus side the mine will provide employment of up to 100 locals. I would have thought it was unlikely that they get that sort of opportunity very often
"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."
only 20 trading days left before year end i believe.
so much information awaited.
hop to it ufo
Napthman1.
You are the french policeman out of ello ello and i claim my £5. :0)
Big few weeks coming up Freddie.
Only 5 weeks left of 2023. So news on brockman imminent too. Should be quite an exciting 2024 for ufo. Possibly transformational.
This from the presentation.
Exploration Ready - Significant Potential
• Maiden on site exploration campaign scheduled
for later this year (CY23)
• Project contains edge of historic BHP deposits 19
and 20
• Field work returned high grade DSO grade results
including 62.8% Fe (BHP19) and 62% Fe (BHP 20)
• Tenement dominated by the Brockman Iron
Formation along with significant potential for
hosting economic high grade iron ore deposits
I can't argue with your disappointment wolfy81. Sorry if I've called you wrong. I've had a few moans on here myself. Ufo have been painfully slow by anyones standards and i am not beyond believing that the low share price has not benefited some that are in and around the company. However we should over the next few weeks see boxes ticked and progress made. If we don't. Then shift over and I'll join you on the moaning bench for a bloody good gripe.
Hi wolfy81
Each to their own. But i have you down as a de-ramper that is playing your own game. I had a look at your previous posts and you offer no positively. You therefore are unlikely to be invested other than trading. So your posts offer no food for thought. Just your agenda. No hard feelings from me. We all do what we feel is right for ourselves.
Cj.
On a price to earnings of 4-1. Which isn't bad. That's about 5p a share
The iron ore at hanc0ck is said to have a market value of $1billion.
The on the ground price is said to be 5%.
Therefore $50m
even the in the ground price of 1billion at han**** gives ufo a value of $50m.
thats around 0.6p.