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3 months today since the d.f.s with mining plus was announced. Looking forward to seeing this completed and the decision to mine announced.
Can we have some news regarding permissions for xmas santa. We've been really good and waited patiently.
But gordon bennett its dragging
surely the dfs will be announced soon and then we should see some movement on the s.p.
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."
I think it will be next year. Hopefully January but possibly February. Just my present thoughts which change with the winds. Hope you are right though wentsland
Latest resource estimate can't be too far away followed by the decision to mine. Then the finances and permissions. Quite a few to get through in a couple of months if as is said before present funds run out.
Hi CJ.
Sorry i can't agree with your there. We have had plenty to be concerned about in the last three years I've been here.
However i do think communication has improved since the summer. Bur we haven't achieved anything yet and i will be much happier once they actually get permissions and finance over the line regarding hanc0ck.
DBush.
Very kind sentiments.
I've done my best to learn regarding investments.
I lost a fortune on sxx and these days no way would i have left myself so exposed. I made all my losses back on ggp only to lose so far on ufo. I invested in them because i felt the income was close at hand. Previous ceo'S did a wonderful job setting the company up but lied about the timeframes. The present fellow was also in charge of ioca during the wasted year so i can't admit to fully trusting him. We will see. I remain nervous around anything ànglo American as an ex sxx investor. And as easy as max makes the finance to be i still think it makes us very vulnerable.
The present share price tells me the market feels the same
Hi DBush.
I have predicted 3p at xmas for the last 3 years.
However my expectations at the moment are at a low.
I think this shows what a dreadfully poor investor i am.
Previously ufo promised so much and delivered so little. At the moment they are promising nothing and delivering so much. I'm going nowhere but 3p seems an impossible dream at the moment. However that will probably change as soon as permissions and finance are declared. At least that's what i hope.
Welcome back your eminence. You've been expected.
Napthman1.
Of course there is a comparison. Anglo will get that ore as cheap as they possibly can and they have shown how ruthless they are. This is business, they will take the path of least resistance and we are very vulnerable at the moment and the ufo bod know it. Someone posted that this is a 50-50 play as it stands and i think that is probably about right.
The sooner we get this share price up the better. We all know what ufo can achieve but if they need to add another placing then the game is up. They have approximately 3 months to come up with the goods
Hi Pebsi.
There aren't many consistently large sales like there was.
Possibly investors like myself who are pre pension and have invested some of their sipp in ufo. The price is poor but we need to sell to pay the bills. Ive taken a part time job but still need to sell a few. Fortunately i should still have a decent holding when this gets going in the spring. If anglo do a sxx on us then its going to seriously bugger up my bucket list
Not enough volume to take it up yet. Once we get mining permission and finances declared that will happen
I think we need the native agreement on hanc0ck itself first.
The agreements we just got are for the area north of hanc0ck and the adjacent tenement where the access road is going. At least that's what i thought
Some good buys gone through. You might get your wish mr positive
All been well its a 3-1 price to earnings. Which isn't bad. The present risk price isn't much more than the 5% in the ground value of hanc0ck. Clarity on the finances should see a significant uplift in my opinion.
Hi tgrrrrr. Not convinced about the flat earth but the curvature is supposed to be 2 inches per mile i think.yet you look out to see for many miles and see all of a ship.
There is something to be considered here. As always we are not told the truth. Not got my head around this one
Hi cj.
I'm afraid tacet is spot on. People can't accept that the elite would deliberately harm us or encourage us to harm ourselves. Its all about money as usual. Smoking was heavily promoted because of the tax gains and early deaths saved on pension payments. This is a very deep rabbit hole. Sorry for the off topic but the sooner people realise the depravity of the people who rule our world, the sooner the world can rid itself of them. As tacet says the information is there for those who care to look but the media are completely controlled and are a control tool for the elite.
Add me to the tin hat gang. They are spot on. Any technology with the name smart are not good for us.
Max111.
"Nearing production"
"In the very near future"
How near is near. The timeline in the latest presentation gives them up to the end of 2024 before production. At the present financial burn rate that will leave us needing to raise at least another £2m. If that is to be a placing its another 1 billion shares minimum. I really hope next weeks agm provides more clarity but I'm not holding my breath.
i'll leave it for those with more knowledge than me to comment more. but at that financial burn it looks to me like the company will need to raise funds very soon into 2024. this on top of the £5m needed for han**** is a major concern for me.