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First couple buys today. Looking promising so far. Will probably be adding more this week, More DD first.
The last seller could only hold for 7 mins!
Bill gave us the biggest hint in an investor presentation as to why he was leaving…
“I’m an explorer not a miner”
Munni munni exploration (10s of millions required) should be funded and carried out by a bigger beast in the form of a jv. Not Bill on a budget.
Hi,
Can anybody point me in the direction of the rns that states that diversity are installing the M2Gs? Thanks.
I know its there somewhere but cant find it.
Metal Detector, any new CEO will be and should be offered rewards for meeting targets.
We don’t want any old monkey taking the job.
If you want a top man with a proven track record you have to pay too dollar.
Rod and Richard have big lumps invested, they aren’t going to settle for mediocre at the most important period in Alien’s history, and so they shouldn’t.
Rod’s a clever guy, I think he know what he’s doing.
GLA
I too am disappointed with the BOD merry-go-round. Rod and Jo seem to have done a job for Richard in clearing the deck and focusing on what really matters (getting DSO out the ground). Rod has invested his cash in UFO and incentivised the team to do a job we all want done.
Now we wait for the all important Heritage Agreement, contractors being chosen and AA deal being done. $10 reduction on Capex is a big bonus, let’s hope the monies UFO need to raise to get into production isn’t via dilution.
GLA
BOB, Another little reminder of how our closest Peer (FENIX) did it, not sure if you were around when this was posted last time:
13 Aug 2020 Fenix secures approval for Iron Ridge Mining Proposal, paving way for first shipment early next year
https://www.investi.com.au/api/announcements/fex/a2db4454-5e2.pdf
18 Aug 2020 Fenix Executes Mining Co-operation and Benefits Agreement with Native Title Group
https://www.investi.com.au/api/announcements/fex/a117914b-9d5.pdf
31 Aug 2020 Marketing Agent for 50% of Iron Ridge Production Secured
https://www.investi.com.au/api/announcements/fex/fa84a7ff-15e.pdf
07 Sep 2020 Positive Final Investment Decision on Iron Ridge Development
https://www.investi.com.au/api/announcements/fex/6985cfa3-027.pdf
15 Sep 2020 Key Mining Approvals Granted for Iron Ridge Project
https://www.investi.com.au/api/announcements/fex/0788be0a-2cc.pdf
21 Sep 2020 Iron Ridge Project Site Works Commence
https://www.investi.com.au/api/announcements/fex/c1beee04-3a5.pdf
14 Oct 2020 Fenix Executes Binding Offtake Terms Sheet with Sinosteel
https://www.investi.com.au/api/announcements/fex/d9d8310b-3e6.pdf
14 Oct 2020 Fenix Purchases Geraldton Port Infrastructure
https://www.investi.com.au/api/announcements/fex/aa0d7c27-968.pdf
19 Oct 2020 MACA LIMITED APPOINTED MINING AND CRUSHING CONTRACTOR FOR THE IRON RIDGE PROJECT
https://www.investi.com.au/api/announcements/fex/fc7921ab-6c3.pdf
19 Oct 2020 Mining Contract Award – Fenix Resources – Iron Ridge
https://www.investi.com.au/api/announcements/fex/48eeeb1d-228.pdf
26 Oct 2020 ROAD TRANSPORT CONTRACT EXECUTED FOR IRON RIDGE PROJECT
https://www.investi.com.au/api/announcements/fex/67f9b587-76c.pdf
03 Dec 2020 PORT ACCESS SECURED AT GERALDTON PORT
https://www.investi.com.au/api/announcements/fex/f90e653b-879.pdf
21 Dec 2020 Production underway at Iron Ridge iron ore project in WA
https://www.investi.com.au/api/announcements/fex/2e3f562c-384.pdf