Member Info for cjmorley

@ nickubias

Need to be specific Mr new poster

Quote me

Another good post 4779

"Best guess currrent ETA - Hanc ock Production Q1 2024 and Elizabeth Hill Silver Mine and Munni Munni PGM district imminent."

I too have forcast Hanc-- 1st qtr 2024

But " Elizabeth Hill Silver Mine and Munni Munni PGM district imminent."

Not too sure "imminent" applies here.

The revenue stream from DSO sales will facilitate significant drilling of EH and MM..

The true worth of these needs to be established.

A JV. late 2024, early 2025 would be optimal in extracting maximum value here.

@livestock

"the question is how long will this lot stay for"

Until they get their mega bonus, share options. Dec 2025

The DSO at Hanc--k target will be achieved in the next few months thus guaranteeing a pay day dependent only on them staying in post.

The other targets will of course also be achieved within this time frame.

He is a very neady person.

Keep stroking his ego. We don't want a mental breakdown do we?

Great post 4779

You say "interesting the 7th july negotiations"

What negotiation on 7 July? Where?

Tacet 14:56

His ego needs a stroke.

Mummy, mummy.. It was my idea first.

Heritage and Native Title

A heritage survey has been completed [Coles & Chisholm, 2014] in the north-east corner of the exploration tenure (approximately 19ha), in and around the area proposed for mining for the Sirius prospect. No heritage sites were identified.

Significant surveys have been completed adjacent to the Mineral Prospect, particularly on behalf of BHP and Hamersley Iron, with a range of registered sites identified. The closest site is Kalgan Creek.

It is anticipated that the level of heritage sites will be moderate, however can be managed through either an avoidance or approval under Section 18 of the Aboriginal Heritage Act 1972. [or alternative approval instrument once the Aboriginal Cultural Heritage Act 2021 has been fully implemented]. This is not considered a constraint to mining.

The area is within the registered Native Title claim of the Nyiyaparli People (WC2005/006), administered by the Karlku Nyiyaparli Aboriginal Corporation (KNAC). The group has executed a range of Indigenous Land Use Agreements through the area with a range of mining companies in the area, including BHP Billiton (WI2012/005), Hamersley Iron P/L (Rio Tinto) (WI2012/007) and FMG (WI2016/003). As part of the mining lease and miscellaneous licence applications, a Native Title Agreement will be expected to be entered into with KNAC and considering the corporation’s experience with mining activities in the area, this is not considered a constraint to mining

The subsequent request for further information by WA Gvt. did not include any requests regarding floa, fauna etc.

From the original application to mine

1.7 Flora and Fauna

Nine species of national conservation significance may occur in the region, of which five have the potential to occur in the tenement area (being the Northern Quoll, Ghost Bat, Greater Bilby, Pilbara Leaf-nosed Bat and Olive Python). Vegetation and landscape would dictate that the Bats are unlikely to either forage or nest in areas proposed for mining. Mining can occur in a manner to minimise the impact on any other species (if they occur); however, the location and size of the project would consider that the significance and risk is low.

The area has limited diversity from a floristic standpoint, with limited species known to occur in the area, of which none are considered Threatened under the Biodiversity Conservation Act 2016 or Matters of National Environmental Significance (MNES) under the Environment Protection and Biodiversity Conservation Act 1999. Flora and Vegetation is not considered a constraint in this project.

No conservation reserves or environmentally significant areas are located within the vicinity of the proposal area.

flora vegetation studie hasn't started yet this will take a year to complete

*******s

@Unclejim

"Give it a couple of weeks and a new base SP will be in and traders will have moved on. "

Not too sure about traders moving on. It would have required 'shorting' to have made any money this last couple of days.

I really don't see that. There were many small sells. I put that down to panick and stop-losses being triggered, thus exaserbating the fall.

The climb back up though will be slow. At least untill permisssion to mine arrives. Then all hell will let loose.

2.7p will be quickly passed.

@Tarquin

The share options awarded are quite generous and attractive.

Given that UFO have had a rapid change of CEO's recently, I assume the BOD decided to put a long date on 'options'.

This makes a good retention ploy.

If he leaves before the redemption date, he loses rather a lot of money. This applies even if the 'target' is already achieved.

My personal view is that we will produce Fe in late Q1 2024.

OK

I agree. I bought a few more expecting a bounce.

I remain as confident as ever about near/medium term significant upward motion.

@ uktrader

On the contrary I do understand perfectly.

But what you said was "1 Someone averaging down for a exit ? "

This implies an exit before a lift in SP. And by implication the 'someone' is of dubious intent

"To obtain a lower more obtainable exit point" . Requires the SP to rise. Just another investment puchase.

@uktrader

Someone averaging down for a exit ? "

Explain. This makes no sense.

@chris2

please read rns dated 8 sept 2022

and stop being an ****

It looks, fingers crossed, that the SP has steadied.

The SP below .26 for a short while this morning, will have triggered stop losses .

But a slow rise seems to now be happeneing.

12:47 tacet post

Taset 12:44

You frequently complain that posters do not respect others

You have no self awareness of your own hypocracy.

The DFS is not why we are down

The share options with a date of Dec 2025 has been seen as a projected date for first ore production.

By any measure this would be terrible.

It is seemingly a generous end date for performance, but is far more likely to lock the new man in for 2 .5 years

In real terms not much has changed.

the KNAC agreement is as far as we know still on track.

The permission to mine is still on track

The short term quick buck merchants are indeed jumping ship. LTH are staying