Member Info for Dip666

I'm just reflecting on the past few years CJ and how perhaps a more balanced and realistic approach might be advised looking forward. I prefer reasoned debate to the generally toxic state of this board most of the times even by this sites standards.

I've been largely supportive of the investment case due to the assets but where I have critiqued the company always tried to be constructive and detailed my opinions rather than fill the board with infantile arguments.

The truth is usually found between two extremes as they say.

Some of us were suggesting as far back as late 2020 that the timelines for Hanc*ck seemed 'optimistic' as soem were claiming production in 2021 (!) and now we have the same folk who were suggesting this realism as negativity are also preaching patience is required :-)

And the same applies now, I'd wait to see how the potential deal is structured, JV percentages etc. before making assumptions on future revenue. Also applies to any expansion of resource and what will UFO retain once in production of any future deals. They just don't seem suited to be trying to go it alone with mining projects and need to stick to the usual model of an explorer, which is fair enough, it's a rare path for a reason.

I think it is very clear who the sensible and more analytical posters have been here since 2020 vs the more unbalanced nature of some on either side of the spectrum. SP rebound in a production rerate seems heavily skewed by sentiment than project metrics and dynamics such as NPV, IRR etc. looking at the PPSS Study by Lobo Tiggre - so again any predictions are going to be difficult to make in such times - but it does give a good indication on potential ranges for a production rerate.

You can apply for a waiver @pernickty if you look through the rules and Shaun has also pointed this out in the past, so consolidation could be avoided if granted if SP is below 11p-ish.

Apparently a lot of the legwork is complete so I think it could be a rapid process around 6 weeks from memory from prospectus being published and I watched a company dual listing with IPO Vs a cross listing last year easily achieve that.

As James notes the journo is making the assumption about ASX listing in H2 from slides in his article Vs Shaun having referred to timing one potentially before closing in on a deal for the assets being divested by NEM.

Important to consider we expect a JV now, so a as of yet unspecified proportion of any future revenue etc. for the benefit of assistance in funding and supporting the project into production. Whom teh JV partner is will also be interesting in assessing potential expansion and other JV's perhaps.

It's been verified and legit but still doesn't mean it should be considered a guarantee that a deal will be signed in stated timeframe any differently from reading an RNS or seeing something in a corp prez.

As always, details matter - a deal being announced is one step - what the deal being proposed is another of course albeit at this stage they need to get on with getting Hanc*ck into production and a JV seems the most viable method to get there now.

@wents - could be mate... let's get to them getting something in front of us to vote for I guess :-)

@Mike - not allowed to post TG links here so just search for 'UFO Alien Metals ' group once you have a TG account and installed app or via web

As CA pointed out on TG it may be required as bulk of company value is via Hanc*ck therefore giving up a percentage for JV may require a shareholder vote.

Since when is any intel absolutely guaranteed to deliver. His sources may have misconstrued something or being purposefully misleading so no one should ever treat such intel as definitive and technically he said by end of week.

I wasn't expecting news this week, so if we don't hear anything then nothing changed before the rumours surfaced and if it does - then great !

I watched the presentation during brekkie and now getting on with my day as usual... it really isn't a huge issue IMO as it wasn't as if GGP was hinting at news being due this week in any manner :-)

Https://www.diggersndealers.com.au/dnd/wp-login.php?action=register

Your post makes no sense @9 - the negotiations and sale process will have been conducted by the rest of the team as required before his commencement - perhaps check the MD's background as a CFO out - he'll just be brought up to speed rapidly and with his experience and that of the team - there will be no delay caused by his appointment.

Other factors may impede a resolution in 2024 as with any transaction, but your hypothesis is simply a bit absurd...

As fir D&D, GGP are one of many many companies presenting and one of many with potential developments - hardly the main focus of D&D for all attendees and the mining industry. He'll have his slot and present - and f no exciting news tomorrow - then that's all there is to it as the next presenter talks through their slides than some huge pivotal event.

@ace - surely Twiggy is as cuddly as he looks and would never be a big meanie ;-))

@9 - link to all of the transcripts, you pose a lot of questions with some being those you could help answer yourself through research, connecting with company etc.

You can use a search function.

https://www.ggpchat.co.uk/viewforum.php?f=54

Hi JD, I did submit a question about employee targets and rewards being what some might consider 'generous' that was answered in a previous LSE webinar by Shaun after 2023 targets were shared in annual report and for anyone interested he has also gone into some detail about this in one of Liam's interviews too.

In short @9 - he explained the methodology being used against industry norms and the need to attract good staff with the right incentives too I think from memory (so don't hold me to that exactly) and I also remember looking into finding some info about one of the methods. A lot of the info. is out there for anyone interested and available on GGPChat but needs some effort to find now there have been so many meetings but look through transcripts around the time of the 2023 AGM and annual report.

*Notes from LSE WEBINAR & Live Q&A - 21 SEPT 2023

https://www.ggpchat.co.uk/viewtopic.php?t=798

*Glass Lewis Policy Guidelines

I found a link at the time looking at the latest Glass Lewis recommendations on incentives and performance measurement after Shaun’s response in Webinar but it’s actually a very interesting read in other regards too for investors, the section looking at incentives is from page 37 onwards.

https://www.glasslewis.com/wp-content/uploads/2021/11/UK-Voting-Guidelines-GL-2022.pdf

@Max, existing shareholders have a right to express concerns or disgruntlement and lets be honest Wents seems a bit of a grumpy bugger at the best of times :-)

There is no reason given UFO's ongoing lack of failure to meet any stated targets and give full clarity and commitment to regular comms to suggest anyone being somewhat negative so is necessarily sold out or a deramper. I've emailed Guy and IR to request a bit more clarity on the phrase used about finalising funding and strategic options for Q3 as I tend to be proactive about anything related to my investments.

There are things outside a company's control that can adversely affect outcomes and those that are within control and the company is actually at fault. Assessing which is which is important to accurately measure their performance and listening to you, there never seem to be any instances of the latter - but there have been.

What is important to me is understanding exactly WHAT they plan to accomplish in regards to funding and strategic options by end of Q3 for Hanc*ck.

If the same article I read about the upcoming 30th anniversary of AIM and the number of firms exiting it, just a short couple of paragraphs about RMR as an example of a company benefiting from raising funds on AIM for the DRC drill campaign with comment from the CEO about London investors being more comfortable with investing into high risk jurisdictions and projects.

There is also the possibility that a deal may have been agreed but things won't be finalised in time to go public for a while, so nothing may be made public this week during Diggers...

My thoughts on the rumours surfacing are that announcing a deal during D&D week would be a great move, especially with a potential ASX listing planned (in time) if things have fallen together now - but with some balance in mind - also bound to be a few rumours related to Newmont divestments this week too.

Fingers crossed of course - but I’ll need to see an RNS published and more importantly understand the funding structure before I get too excited 🙂

Thanks L-A and ditto - a big thank you for your own research for the community that helps us get our head around the important details such as the numbers, because increasingly once we get past these hurdles it is those numbers that will matter not the absurd theories of some of these trolls :-)

Happy reading @Culpepper, happy to give you something to do besides as ace says posting the bleedin' obvious and arguing constantly about anyone who has used a different investing approach to you...

*Useful Valmin Code and FMV Valuation Information*

https://www.ggpchat.co.uk/viewtopic.php?t=132