Member Info for Max111

Traditional Owners have given approval to turn Hanc0ck into a mine and now looking forward to their royalty payment 0.9% of all Iron Ore sold.

IMO, it's now set up for the new CEO to come in and kick it all off. Should be very soon.

So no negative RNS that the fake shareholders & derampers were saying.

Some good posts from Sinter & theannoyingdevil. Good to shake out all the weak hands and create a 2020 style uptrend.

This time the SP will hold with production then massive exploration resource expansion across tenements. Should be quite spectacular. ATB

All the fake shareholders & derampers posting non-stop BS about a negative RNS tomorrow. Lets see if you are right.

Truth is that people have been selling expecting a placing. But if UFO needed a placing they could have got one when SP was over 0.30p.

Last raise was £2M in August (normally raise once every 12months including full team with about 5 full-time geos and a couple drilling campaigns) but very limited expenses since last raise.

My bet is that the next RNS will be positive, not negative with lots of positive & derisking news to come as UFO becomes fully permitted within the next 3 months.

Have another listen: https://www.youtube.com/watch?v=zg6EZyqCZdM

Gold prices could keep climbing — but analysts expect silver to steal the show before long:

https://www.cnbc.com/2024/03/11/gold-vs-silver-prices-analysts-expect-xag-to-outperform-xau-in-2024.html

With Native Title in place, Mining Lease due very soon.

Ultimately, construction by July/August and all the main re-rates by then (as per Fenix).

A competent & skilled DSO CEO announcement will be a gamechanger.

Alwyn was referring to the final environmental approval in the next 2-3 months (which he said last month).

So Mining Lease due very soon, then EPA in next 1-2 months.

"Basically, all the studies have been done. Contractor negotiations have been done.

We are waiting on the final environmental approval which comes after the mining lease approval in the next 2-3 months.

By June the project will be fully permitted. Construction can commence in July/August. First ore on truck by Dec 2024. That is the pathway to first ore on ship this year."

@Chris2, as I said, that was before having followed them since they left.

Plus seeing a couple of iron ore explorers (which are years away from FCF since they have no access to export channel secured) recently announcing a new team and have their SP take off on the day of announcement and seeing the skill set of their team.

I trust Alwyn who has developed numerous projects in the Pilbara to do what he says and put together a real competent team.

Good to have another listen https://www.youtube.com/watch?v=zg6EZyqCZdM

I'll let the fake shareholders start their bring back Rod & Tory campaign!

Happy Mother's Day x

@bj, when are you going to start your bring back rod & troy duo campaign?

having followed them since they left, i am so grateful now that they have been purged.

here is 1 example of rod’s shenanigans. leaves jay. in his 1st ufo interview said he left jay in strong position and everything going really well with strong team etc etc.

i listen to an interview he gave 1-2 months ago and he said he started dumping his jay shares as soon as he left! what a ****. then does a takeover for peanuts. especially considering he dumped 20m jay shares @14.50p/share at end of 2020 and made nearly £3 million!!

purging him and his wingman troy was definitely the right thing.

some short-term pain for long-term gain.

rod & troy had zero experience of mining & exporting dso iron ore. do some research of the skill set required. ufo would never take off them them.

alwyn putting together a new competent team that the market can associate with & trust to take the company forward will be the best thing to have happened to the company.

the difference will be like night & day. wait & see. atb

I understand the pessimism by some and those who have sold especially when there is no new management team in place yet.

Having researched the bios of people who have actually brought into production small scale DSO mines & exported, I'm gratefully the company managed to purge Rod & Troy. No wonder the market didn't believe UFO will go into production.

Alwyn was spot on in his interview. Hanc0ck is a 10-bagger just on existing resources provided the company develops the project along the lines of the Development Study and there is stability in the company with board & management.

A new competent board that the market can associate with & trust to take the company forward and we are off to the races. Hopefully it will be announced soon.

Just need a to see the announcement of a CEO that is competent in bringing small scale DSO Iron Ore mines into operation.

TBH, the Rod & Troy duo or Bill "I'm an explorer not a miner" were never going to convert Hanc0ck into a mine.

However, thank you to them for their efforts in getting Hanc0ck to this critical stage.

Someone like the guy who recently liked UFO's LinkedIn post would be ideal.

Looking forward to the next announcement. Hang in there real shareholders.

Transitioning from explorer to producer represents a huge value transition for shareholders.

Traditional Owners have given approval to turn Hanc0ck into a mine and are looking forward to their "quarterly royalty payment of 0.9% of royalty value in relation to iron ore sold which is extracted from the relevant tenements".

Mining Lease coming very soon with a clear team that the market can associate with & trust to take the company forward, which will be reflected in the share price 🚀

"Australian Mining reports that Australia has been named the global leader in economic resources, according to the 2023 'Australia's Identified Mineral Resources' report presented by Federal Resources Minister Madeleine King.

The report, published by Geoscience Australia, highlights that Australia produces 27 minerals, with 15 of them ranking in the top five globally. Australia leads in economic resources for gold, iron ore, lead, nickel, rutile, uranium, zinc, and zircon.

Additionally, Australia's investment in mineral exploration increased by 13% to $4 billion in 2022, contributing to future critical mineral investment opportunities.

#ironore #alienmetals #mining #UFO #investing #AIM #LSE"

https://twitter.com/AlienMetals/status/1765773769832804830

Although it hasn't been easy for shareholders piece of mind not to have a CEO since 27th Dec, I actually appreciate the tough decisions taken to cut Troy and his “260 million Performance Rights to Troy Whittaker”.

As I said before, big thanks to Troy for executing the Native Title Agreement & Port Allocation but as a real shareholder I would much prefer a CEO at this stage who has been there and done that bringing a DSO mine into operation.

Things are now lined up for a production profile that is capable of running for a couple generations.

Giving 260 million free shares to Troy as a middle manager when Hanc0ck has advanced to this point would not be good value for shareholders.

Wolfy & Steve et al begging for a placing so they can get back in.

Try buying on re-rating news along with all the other fake shareholders ;)

What the trolls don't know is that Munni Munni PGM & Gold project which UFO 100% consolidated & own is now highly economic.

The JORC Resource has an in situ value of US$2,656,318,000.

Plus it's open at depth & along strike.

SPOT PALLADIUM CLIMBS OVER 6%, BREAKS ABOVE THE $1,000/OZ LEVEL

https://twitter.com/DeItaone/status/1765375920402235667

$370/oz seems crazy, but when Rhodium is $5,100/oz it doesn't seem that unreasonable.

Also UFO have a JORC Resource of US$387M Rhodium alone.

Looking forward to hitting your 2p target Wolfy x x

"This #silver roadmap chart first posted in 2019 is still showing the way.

Had perfect backtest in 2022, now sitting right below blue breakout line.

Silver is getting ready.

Bull market price objective 370, but could briefly go double that in parabolic move at end of the bull."

https://twitter.com/graddhybpc/status/1765335951797031328

"This #silver roadmap chart first posted in 2019 is still showing the way.

Had perfect backtest in 2022, now sitting right below blue breakout line.

Silver is getting ready.

Bull market price objective 370, but could briefly go double that in parabolic move at end of the bull."

https://twitter.com/graddhybpc/status/1765335951797031328

@uktrader6, DM on Twitter if you want. ATB.