Member Info for cjmorley

email just now

"work continues by the management team to advance the han**** iron ore project towards obtaining all mining approvals necessary to secure funding and ultimately moving towards development and construction."

the above was part of rns 4 june 2024

can you please clarify what is meant by "obtaining all mining approvals necessary".

many pi's were of the view that dmirs and native title were now in place and no further permissions were required.

thank you in advance

I shall email UFO later today and ask the question

"work continues by the management team to advance the han**** iron ore project towards obtaining all mining approvals necessary to secure funding and ultimately moving towards development and construction"

i too was scratching my head on this statement yayay

Uncle jim

We are all unhappy and taken by surprise.

But who, and what was said that you believe to be "that any real holder can have anything positive too say today"

Did W.H. Ireland refuse to do the placing???

Previously there have been serious leaks. Perhaps WHI were not chosen for the placing for this reason.

If the BOD participate in a placing, it would be insider trading !!!!

@uncle jim

The interview was headed

"Alien Metals Rob Mosig Provides Insights and Future Plans for Pinderi Hills Project"

A geologist giving technical insights. Not an accountants progress report.

Where has this idea of selling IOCA come from?

A JV with an iron ore mining specialist partner makes perfect sense

Gents

It seems clear that UFO are in negotiation on a number of fronts.

Why do you keep insisting on disclosure of key information to all and sundry at this critical time?

Patience. An RNS must be very close now. :-)

@pete

"and build a junction in the next 4 weeks to keep to the plan."

The plan as stated was to commence work on road/junction by end June. Today is May 30

NB. completion is expected later in the year to facilitate ore shipment Q1 2025

Dare I say it.... Tomorrow is Thursday.:-)

@ Tarquin

"if it did go to 10p and I sold at 2.1p"

I would be suicidal. !!!!!!!

Next Thursday is 30 May !!

Do we have to wait an extra week to 6 June?

Ah well.... There is always next week :-(

Could we see one of Bishop's famous RNS days?

After all, it is Thursday :-)

Let's take a minimalist view.

Todays market cap £14M

Now exclude all tenaments except Han--k and assume mining.

Cost to FOB $US 80 This is esimated at $60. So 80 is way over the top

1,000,000 tons pa.. for just one year!! Mine life ignored!!

Today Fe price $117

Therefore $117 - $80 x 1,000,000 = $37M profit

Even at these crazy worst scenario the markat cap would rise by 37/14 = 2.6 bagger

This will as a minimum happen the moment an RNS confirming intention to produce is issued.

And before actual shipping starts.

Now use realistic figures and add in the other Iron tenaments and silver, PGM etc.

This should explode and soon. :-)

Max

You shouldn't have any money in your dealer account to do test buys with!!!

Get it invested ASAP

In the condition to which I alude, there will be no spending :-)

In anticipation of significant profit. I have ordered a shroud with very deep pockets :-)

A Vladimir said "We are not saints, but we have kept our appointment. "