Member Info for DRB83

Ping, I think i average 4 posts a day which i usually post either first thing in the morning or on an evening.

It was only a few weeks back you were posting 10-20 times a day throwing insults back and forth with Nap. At least my posts are relevant to ufo.

Anyhow, 4000m of RC drilling to look forward to in April/May with MRE Q4. OK, so probably no mining in 2026 but what's a few extra months.

MM phase 1 results next then. MRE set for early 2026 so I'm thinking Q2 is looking hot for news.

Iron ore even reigniting in Q2. 3 active projects should see the sp north of here come July.

Or you are one of the 10 Wolfy supporters who think its all just a hoax 😉

I don't mean the 'give me 12 months' statement. I was referring to the video he did in Q4 when he said, eh would be mined in 12 months.

Bruce said 12 months about 3 months ths ago, so a nice Xmas pressie.

JRDC, ufo are 9 months away from mining. The market still has us as a transitioning explorer. The silver sp will have some impact on ufo but only very minor. WCE haven't moved much either and they're on asx. 0.3 by end of year. I think we'll see that in Q2.

Wolfy must be lost in some conspiracy world. I can confirm, Elizabeth Hills is not imaginary, it is real and tangible and ufo do own 30% of it. Munni Munni is not imaginary either, that too is real and tangible and ufo also own 30% of this too. The drill holes in these 2 are real with real cores being sent to real labs and real bonanza grades live there. The MRE will be real and when the ore comes out of the ground it too will be real. The silver that comes out of the processing plant will be sold for real cold hard cash.

Wolfy, you funny but what's even funnier are the 10 users that recommended your conspiracy post.

Ib, I 100% do call it a fall to 0.06. Held all the way down. I also recognise that ufo 2026 looks completely different to ufo 2024. Many nellies on here including you still talking about how the share fell from 2020 to 24 and writing off ufo 2026 because of it. I on the other hand along with many on here are simply seeing that ufo 2026 can not be measured on the failures of ufo 2024.

We are still to hear confirmation that GRE phase 1 drilling has completed. Cores were being readied a few weeks back so assuming they are sending them when ready then we could have some results this week.

WCE could complete their technical review this week and give us a flavour as to when to expect phase 3 RC drilling and possibly timescale of MRE.

Either of those could send us into the next range. 0.2-0.25.

Ib, why has the ufo sp gone from 0.06 to 0.17 in last 12 months (183%).

Why has mcap gone from £5m to £20m (300%).

not sure if you know how raises work chris. ufo don't just ask the broker to sort them out with £2m. they have to sell the why otherwise investors just walk away. bennelong haven't taken part in the last few placings so each time there is one our largest shareholder gets diluted. on one hand you say rs is pulling the strings and on the other hand you say he willingly let's himself get diluted because ufo like to raise at 20% discounts for no reason at all.

they raise when they need to and unless han**** or eh get close to production, they have no need in 2026 to raise again.

if han**** or eh do come to fruition in 2026 then any raise will likely be linked directly to that event which is an easy story to sell and certainly won't require a discount, in fact should command a premium. asking a group of investors for some money that will unlock iron ore production inside a few months or support the company to retain 30% exposure in eh and thereby result in 5-10 times returns to those investors is a lot easier sell than saying give me some money so i can drill some holes and hopefully find some good stuff.

you seem to be missing a lot here with how ufos current position compares with 12 months ago when they had very little to offer the market.

oh and han**** can happen anytime but at this point its just a bonus so if you want to assume 12 months, im comfortable with that.

Gurk, for clarity, you think if ufo sold all £7m shares today and turned them into cold hard cash in the bank, the sp would fall 33%. Your economics of how mcaps work is totally flawed.

Firstly, the implied value of eh and mm is £30m and our mcap is £20m so its impossible to know what exactly built into the sp. There is plenty not built into it.

However, let's assume it is built in. Then its built in in its current form, shares that we can sell, not hard cash, shares that can go up and down in value, not hard cash. As time goes by and to your point, the market starts to fear a placing, this will weigh heavy on the sp as it always does. If ufo then deliver a rns stating we have turned those shares into hard cash without any dilution and are now funded for next 12 months then pop, the sp shoots up.

Secondly, as we all know, placings for ufo have always been heavily discounted and tagged with many warrants. Our shares on the other hand work opposite, they themselves will be discounted by the market as they can go down as well as up so the market being conservative as it is, will discount the shares value. As soon as ufo sell, they'll realise market value and again, this would provide a further boost to the sp.

Your treating a placing and a share sale as having the same effect on the sp when in reality they are complete opposites.

gurk, liquidating the shares to avoid dilution would be like an adrenaline shot to the share price. the market currently hasn't joined the dots yet that ufo are no longer a highly dilutive explorer and if ufo were to prove that by liquidating the shares then yes the price would go up. also, by the time ufo need to sell, the shares will be worth £20m +.

there are c1.2bn warrants so more like 10% and all already known to the market. yes they will naturally weigh on the sp but the corresponding flow of cash into ufo will further reduce the threat of further placings thereby giving an overall neutral effect on the sp, possibly even a positive effect.

also, not all dilution is sp destructive. it depends what you do with the funds. previously, ufo spread themselves too thin and ****ed all the funds down the drain but look at both wce and gre, both very constructive dilution. now the bod just has iron ore to focus on.

having said all that, alien currently have access to £10m cash which will gradually grow to £20m+ throughout 2026. there will be no need for further crippling destructive dilution.

bring on:

mm drill results

eh technical review update

eh phase 3 drilling

mm mre update

eh mre update

iron ore drilling

radio hill processing update

they've never previously had £7m+ in partner shares, £2m and £1.5m in warrants with no debt before. when they say strong balance sheet, this is what they mean. even with drilling iron ore, they are cashed up for 2026. by the end of 2026, eh will be producing or close to, mm will have an updated mre, silver will be $150, han**** will be monetised or close. by the time you get your proof gurk the sp will be 0.5 to 1p. at that point, your getting way fewer shares for your miney and a placing becomes a mute point anyway. by all means wait but im in and waiting. the story keeps unfolding with each passing month.

We've been ranging between 0.15-0.19 for a good 5 weeks now. That is a solid base for when we get the next significant news. Mm drill news and clarity on mre timing should pop us up into the next range of 0.2-0.25. Slow and steady wins the race.

Careful ib, I think you may have possibly just potentially said something bordering on partial positivity.

Buffle, if you don't know the pros to investing in ufo compared with wce then why are you here. Risk management and diversification are 2 reasons. Many others but I've already answered this question at least twice before.

You also keep spouting this 'ufo has no exit strategy' nonsense. Serious question, do you know what an exit strategy is. Ufo has 1 for each project and has already partially implemented it on at least 2.

Not sure if you are a Nellie or a troll but you really need to improve your research.

not sure what is driving the overnight 13% rise but results can start trickling in throughout march, followed by updated mre in april/may.

we now have an active 4 pronged attack:

eh - drilling and mre

mm - drilling and mre

han**** - transaction pending

brockman/vivash - exploration kick off

spread your bets

Smiller, a bit unfair to call current management morons for something that BBG did. Agree though, absolutely shocking deal. It could however be renegotiated if both parties agree and built into a new deal where by Windfield get a few million paid over the life of the mine. Windfield leverage is disappearing rapidly so if they are holding anything up I expect it to be resolved in the near future.

i also don't necessarily think the iron ore monetisation will come from a jv. i think the business has said it is looking to do an off take agreement and contract out the mining. if that is the case, you can separate han**** from the rest and just keep renewing the agreements every few years when han**** reserves grow.

when brockman and vivash have reserves, you could follow the same model.

once ufo have figured out a working model for han****, that effectively unlocks all our iron ore assets and therefore would be a significant bump to the sp.

chester, yes i think we are broadly aligned. the native title and access are somewhat intertwined so i just refer to both as access. the nt is holding access grant up and the nt negotiations are now many months old so could finalise anytime now or in 12 months, who knows.

i personally didn't connect bruce's 12 month request specifically with han**** but more generally across all our projects. in 12 months i expect an open pit mine to be operational at eh, and even if han**** got unlocked in h1 it would still be 2027 before production started. i was tieing his 12 month comment to first revenue.

han**** has already been through a jv process and ufo spent £300k on legal bills and that failure would have provided many learnings. secondly, the windfield issue can be resolved through negotiation imo if ufo want to. ufo are in the driving seat. windfield want something before august 2027 and ufo want to get iron ore out of the ground sooner rather than later. or do they? maybe they are prepared to wait it out given where the iron price is especially if they expect it to rise by 2028. not sure waiting 2 years is a wise commercial decision though.

it's a tough one which is why i think it could happen anytime from say april. who knows but i am not too concerned either. we have silver progressing, we have pgm progressing and now it seems they are finally starting to progress iron ore, regardless of han**** jv. that's plenty of progress for our value curve.

gurk, we all know han**** stalled. no one on here really knows why. access is still to be granted, iron ore price fell from $200 to $100, windfield performance rights. all are valid reasons and all are temporary. eventually it will be unlocked and it could happen any time.

we all also know that ufo was previously a highly dilutive explorer ******* funds up the wall. ufo a different beast now. £2m in cash, £1.5m in warrants, £7m in shares, low cash burn, low debt, strong balance sheet, 2 free rides, bull metals market, 3 different commodities, shared risk.

does this sound like the same company from 12 months ago?