Member Info for Deanok

No, IOCA will be spun out.

Until that happens, plenty of upside for UFO share price though.

Just imagine you were being asked to finance 2.6mt of DSO for $30m.
Would you commit at 2.6mt or wait a bit longer for say 5-10mt?
Bill is off the board now, so the timelines he has previously spoken could well change.

Consider all options.
Hope we find out this week. If the review is positive we could get a 50% plus move afterwards.

I'd say all those installed on the MOD sites 10 years ago will be due an upgrade. 10 years lifecycle for this type of controller, time for the new cloud based tech which has 'military grade security' ;-)

…if anyone out there that’s waiting on mining permits, JV, Brockman drilling starting, EH Mine opening, positive review of tenement etc… to arrive before investing, fair play to them. Granted you may not get the perfect entry you may buy back higher than you sold, but who cares!
You can probably buy more shares anyway if you’re profiting from the increased liquidity out there at the moment.
Ignore those cries of ‘Good luck trying to buy back in?’ nonsense.

I think this sort of deal would work for GII. Lock in a low 10day Vwap now, deal dependant on mining permit. When mining permit arrives, share price rockets!

Iron is hot. http://clients3.weblink.com.au/pdf/SRK/02492929.pdf
Here is an announcement from Strike Resources in Feb2022.
Notice page 5. GII offtake agreement and loan. They also hold a 5% stake in Strike.

Could we see a ‘similar’ deal soon. That secures offtake and combined loan/equity stake? How low does the Vwap need to get? ;-)

All guesswork on my part.

Strike have agreement at Onslow. Same port as we will be (hopefully).

Just feeling a bit 'uncertain' right now. Expecting the review RNS before a chat with Sharetalk. Else why bother.
Expecting a ARV/POW type move soon. Still in Max. ;-) Aint going anywhere for a long time. Still got same belief but not bothered in the slightest. Holding out until the MinRes/IOCA takeover!

Rough figures DYOR
Dec 2020 Accounts - had $5.4 cash.
Nov 2021 placing $5.3 (£4m) 1.33 exch.
Dec 2021 Accounts - had $6.4m cash so cash burn in the year (2021) was $4.3m.

I’d say we’ve done a lot more this year than last, and I think a placing will be due soon based on these figures. Plus I think new guy will take part in the placing.
Don’t shoot me, just some rough calcs ok.

Good to have a recap livestock. Notice at 18 minutes BBG talking about mining easy silver.

Hope they get this review done and dusted soon.

Nice read. Whatever mineable silver is down there should really be paying for further drilling. This is why Bill had to step back. In his own words he’s ‘an explorer not a miner’. He’d be drilling forever.

What about mining silver at EH? Headframe, dewatering, previous miner all there. Doesn’t it already have a mining license too?

Any thoughts on this strategic review?
If the xrf results are coming up trumps at Han****, should we just continue there rather than move to Brockman?
Personally I see an EA before starting at Brockman.
Ditch Mexico and Greenland?
Should we start getting silver out of EH to help fund Munni munni drilling? The previous miner is on board, and the last time he was down there it was being mined and sold, not drilled.

I hope you’re right.

I’d expect a junior explorer CEO always to be looking at the next round of funding, same as I expect junior explorer investors to be looking at it. I’m not going to pretend it’s never going to happen, and I don’t think it’s likely soon unless new guy wants to really get moving quickly (and buy in low).
If we are going to get cracking on munni munni, EH, Brockman and Hanc0ck, I wouldn’t want to drop below a couple Mil without raising.

If in open market, could be waiting for a long time before a window opens. When it’s open, one would assume the price will be much higher if all the news is out and it’s good news.
How does the ‘insider knowledge’ rule apply when it’s in a placing?

How will Rod purchase shares? Keen to hear some thoughts. All my thoughts end up leading to a placing. I know Bill said we’re cashed up for 18 months, but he’s back ‘on the tools’ now.

One of those 3 is Strike who recently got approval.
https://www.listcorp.com/asx/srk/strike-resources/news/environmental-works-approval-received-for-ashburton-port-2739237.html

Port of Onslow

Sorry if this has already been posted. Article from last month regarding Alien’s proposal at Onslow port with 3 other junior miners.

https://amp.abc.net.au/article/101138092

Hope we can draw a line under Mexico and Greenland in the upcoming review by the new guy. Complete focus on Oz required.
Still a few questions that no doubt will be answered soon.
How will the new guy acquire a decent enough holding to satisfy the market? Open market/options/p*****g
When is 90% deal going to happen?
If we are solely focused in Oz, will a they list on ASX?Name change?

Just done his kitchen up in UK, now moving to Australia?
What’s the score with him exercising options? Will they still need reporting now he is off the board?

The phrase. I’m an explorer not a miner makes sense now. Hope he gets himself down Lizzy Hills soon.