Member Info for Helx2

They could list on both right? get the best of both worlds? - still think exposure on AIM is useful for investment.

The re-rate's coming - just gotta keep being patient.

This is going north today - can sell up to 10m in one go @ .096 - loaders taking advantage of the final lows.

100 trades in the first 15mins registered here (noting that lse lags 15mins behind). double yesterday's entire day total ;D

Lovely news to wake up to this morning. UFO really are a powder keg waiting to explode on AIM. 0.1p is still such a bargain for loading up. Remember Zeus report (even before these assays) has UFO at 1.1p... (x11).

Firstly - the indicative total is 35.4 Mt (detail is important).

8.4Mt is JORC'd with the remaining 27Mt being an exploratory estimate (in advance of a JORC), based upon the studies conducted.

They can obtain a JV in advance of JORC-ing any further resource at hanc*ck - further to the regionally similar iron ore examples I posted the other day they can initiate a full sale of JV split of site with the partner likely taking the lead on the extraction of the resource. Could be any size % split - don't really care providing the £££ offered are good for UFO - profit of in ground estimate at today's prices less cost is between $500m-$700m (ignoring future iron ore price growth). Am confident the board will get a JV arrangement / sale concluded shortly.

Spark will be the hanc*ck JV news now that they've 4.2x the resource estimate. This will unlock the UFO re-rate. I think Chris / Guy will provide an update on this shortly.

Silver on an absolute Friday tear @ $38.24 👀

I agree Arkonite - but we definitely need a spark to ignite the rise. Am really hoping we get a JV update / offer for Hanc*ck shortly - would definitely start the rerate. All the background conditions are set / are only improving.

Maybe you should contribute in your usual vein and send it back up ;D

Surely they need a bit of a spike to make any money on their purchase here? can't be making much at 0.03... I don't really understand their trading strategy.

Agreed - I think they now need a starter-for-ten deal on the ground to get things moving / boost investor confidence, showing they can deliver. More resource of course to be proved along the JV journey.

Another Oz comparison:

Strike Resources – Paulsens East Project - Jan-24

- Buyer: Miracle Iron Holdings

- Deal Value: A$20.5 million for 100% interest

- Resource: ~9 Mt @ 62% Fe

🧱 CZR Resources – Robe Mesa Project

- Buyer: Miracle Iron Resources (linked to Chinese parent SNIC)

- Deal Value: A$102 million for 85% interest

- Resource: 33.4 Mt @ 55.0% Fe (Ore Reserves); 45.2 Mt @ 56% Fe (Resource base)

UFO have 35.4 Mt @ 60 - 62% and are surrounded by the mining majors - join the dots on what's about to happen...

It's ultimately on the board to deliver but I think they will re hanc*ck. 4.2x the estimated resource in advance of a agreeing JV is a smart play. Clearly were not getting great value for money / for the opportunity previously. it's slowed things down but patience will be rewarded.

· the exploration target of up to 27 million tonnes at grades of up to 62% fe is in addition to the 8.4mt @ 60.0% fe in mining reserve and mineral resource estimates.​ strategic value of the han**** iron ore project significantly increased in a landscape of robust investment activity in the pilbara iron ore region.​

"the exploration target at our han**** iron ore project is an outstanding result that further validates the scale and quality of this high-grade opportunity. the exploration target shows that the han**** iron ore project could be materially larger than previously considered and positions alien in a very strong commercial and technical position as we advance discussions with potential partners to develop this project."

"with infrastructure access progressing and market interest in high-grade, low-impurity iron ore intensifying, alien is exceptionally well-placed to complete a value-accretive transaction. the board remains focused on delivering outcomes that unlock the full value of han**** for shareholders while preserving our strategic optionality across the broader portfolio."

c'mon ufo, advance those discussions and get revised offers in for the extended resources. a jv / take-off arrangement in place should see the price re-rate x10+ in the short term - estimated profits @ hanc*ck of $700m if everything was mined (based upon current $105/t price vs $85/t cost estimate) - what an opportunity we've got here at just £7.5m mcap (for all sites.....)

You wouldn't still be here if you truly thought it was over... just leave us holders be.

If you're signed up to the legal group you'll be receiving the progress updates. No need to discuss on here.

It's easy pickings at the moment I guess - at the same time, especially with the mcap so low I can see another wave or two of the day traders getting behind it again shortly. a few quick bucks to be made with the churn. Biggest money to be made will be if NTVO can genuinely turn the ship round and (re)start mining some sensible quantities of gold within their jurisdiction. I think they can / will so at this basement price it's a no-brainer.

You ok Steve? appreciate there has been a lot of % ownership changes from Peel Hunt so it is a little hard to follow.

As an example, in 24-Jun RNS - they had 10.6m voting rights (11.5%) - now seemingly back at 20.2m rights (12.3%), presumably taking into account additional capital.

The frequency of these changes are quite bizzare / destabilising - hopefully PH stop messing with it soon.