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It is fair to say that none of us know when DMIRS will give permission to mine.
Neither does Aldwyn V.. He will not be given off the record updates from DMIRS.
The target completion shedule for DMIRS suggests that permission could arrive literally any day now.
We all accept that UFO has over promissed on progress dates for the last couple of years. This has forced the BOD to become very, very conservative in it's time forcasts. And, I don't blame them.
We may well be pleasantly surprised quite soon. :-)
No yayay he said first ore to port Dec 2024
You must watch video. https://www.youtube.com/watch?v=dlKh0uZCBXs
Alien having over promissed on time frames frequently over the past couple of years to my mind have, quite rightly
become conservative.
AV's projection of permission in June seems ultra safe given the DMIRS history..
I remain convinced that permission is much closer...... March/ April
How about a Thursday RNS :-)
From mid October 2020 o late Oct 2020 the price spiked to 2.42p
By the 6 Novembe 2020 it had fallen back to 1.38p
Anyone who has bought before or after this short period will make a profit at a ten bag
Todays price .17p times ten = 1.7p
Https://www.londonstockexchange.com/stock/UFO/alien-metals-limited/company-page
If you look at the actual London exchange at the moment the spread is .16 to .19.
HL and others show the bottom of the spread as the current SP
I don't think the interview is yet an influance. But who knows
Thank goodness we have a director who is good infront of the camera.
He addressed the positive points and importantly the current concerns.
I was, as you all know very pro UFO. today I am totally happy with where we are and are going.
My view for what it's worth.
The KNAC agrement is finalised. We now are only waiting for DMIRS to 'rubber stamp' the mining permission.
If you look at daily volumes of shares traded. It seems that most holders are content and sitting on thier hands waiting.
There are no indicators of people losing faith.
In the interview, AV kept reffering to
"1.5 to 2 million tons pA"
This would be a significant additional revenue generation.
I do hope he has not set another too tight tatget quite unnecessarily??
The KARLKA website is very active with recruitment of 'employment' personnel.
Worth a read "Build positive and productive relationships with key partners including industry, government agencies, the Pilbara Ranger Network, and other regional stakeholders."
Things look positive for industrial relations.
https://www.karlka.com.au/blog/
The nearest conurbation is Newman. This town was formed and grew as an exclusively mining town started by Newcrest.
Whilst it is possible that noise nuisance is a factor, It would seem unlikely given the history.
I am sure Chris2 will be on top of this though.... It must be a 'red flag'.