Member Info for Max111

Just imagine UFO moving up the Lassonde curve as a near-term producer with EBITDA ~A$39M plus the added rocket fuel of silver moving up and retail investors wanting leverage in a silver junior. Doesn't take much to get UFO moving. Going to be fantastic.

@Wents, you said this morning, "Down nearly 10% on no news, which means news has leaked behind the scenes".

Now SP back up, so you were just trying to spread FUD & cause people to panic sell like usual.

Hope you took advantage of the dip.

Mining target timelines slip. This is mining. Eg KOD was supposed to mine in 2020 and as BFD said they are still apparently within 12 months of mining.

Regarding Donovan2, Capstone themselves did a geo survey which they stated in the RNS was very promising, so not sure why you are saying Bill lied and lost JV through deceit?! This is exploration and those where hidden VMS targets.

After Bill, it was Troy as CEO who lasted exactly 1 year. Maybe he was even on a 1 year contract and then they declined to continue it?

TBH, I prefer Alwyn in charge (who has developed numerous iron ore projects in the Pilbara) rather than Troy & Rod (who seem too close).

You complain a lot about UFO, but seem to not be looking at the market!

All to play for now.

Interesting to see you agitated after you just messed up you trade and are about to see silver rocket. ATB

@Steveiom

Listen for yourself:

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

Also good to see silver moving up. It's the reason why 99% of people initially invested in UFO before learning about DSO.

Silver has obviously been very disappointing. Only a matter of time that it eventually hits its 1980 ATH.

When silver moves, it will move quick.

Looking forward to some big moves up in silver.

@Peanutty. Hope you are well.

Please re-read what I wrote:

"@Wents. 5M sell is not a leak.

Now I'm getting NT to buy. Hope you took advantage of that. ATB."

Recorded on that post the SP was down over 9% @0.145p. Now SP is 0.155p.

But yes Wents will tell you the 5M sell is a leak!

Mining Lease due soon. ATB

So obvious to tell who is a real shareholder and who is a fake shareholder.

@SilverSnippy. People shouldn't believe anything that is posted here without being able to verify.

As I always say, "Don't trust, verify".

The amount of fake shareholders on this BB is unreal.

@Wents. 5M sell is not a leak.

Now I'm getting NT to buy. Hope you took advantage of that. ATB.

The derampers are still going on about a placing. If UFO needed a placing they would have done it when SP was double current price for a 4 week period.

Derisking/rerating news coming as UFO transitions to producer.

5M sell and derampers keep posting BS.

Wait for news and try to buy back in then ;)

A lot of manipulators on today. A 5M share sell, and the world has ended! LOL

Mining lease coming in days rather than weeks IMO.

Iron Ore junior on the ASX just went into Trading Halt for "Joint Venture Agreement"

https://twitter.com/sisu09152487/status/1764457593727328283

Alwyn said, "There are quite a few interested parties talking with us about a joint development."

Looking forward to some news on this :)

Https://twitter.com/NorthstarCharts/status/1763597074237383014

Headframes & Mining Lease already in place at Elizabeth Hill & ready to exploit. One to watch.

Have a nice weekend :)

@Wents, so wait for the next RNS then. Maybe "Thurs RNS"?

Importantly Alwyn said in the interview:

"There is significant, significant upside on resources. Only explored about 5% of tenement areas. There are major targets that we have not been able to access due to constraints we had in the past that are NOW removed."

@wents, you might not have realised but since then the traditional owners actually passed the resolution to turn hanc0ck into a mine:

https://www.karlka.com.au/wp-content/uploads/2023/11/20231103-notice-common-law-holders-meeting-november-2023-final.pdf

https://www.londonstockexchange.com/news-article/ufo/native-title-agreement-for-han****-project/16251529

as long as the aboriginals are happy, that is all that matters in pilbara wa. lots of negheads with fud on today.

"Mining.com reports that iron ore prices have decreased however analysts predict a potential rebound in prices due to an anticipated demand recovery.

The article highlights challenges in the steel market, including thin margins and delayed infrastructure projects in China, but some remain optimistic about a rebound in prices with improving weather and anticipated demand in the construction sector.

#ironore #UFO #mining"

https://twitter.com/AlienMetals/status/1763528118961164541

Not sure why some people crying about the word "expects".

Only non-shareholders would be pushing for money to be spent on a new management team from January.

Real shareholders prefer Alwyn Vorster, Mining Plus & Green Values in place until the Mining Lease is granted (hopefully next week).

All that matters for me is for construction to commence in July/August. ATB.

@Unclejim, Alwyn just stated in the recent interview:

"As companies evolve there are always changes associated with the different phases of development. We hope that soon that can all be stabilised and that there is a clear team that the market can associate with & trust to take the company forward, which will be reflected in the share price."

Obvious so many fence sitters out there at the moment. Not easy to build a position when everyone else is. ATB

@Chrisatbirdies. Have another listen:

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

Iron ore gains on hopes of more stimulus, improved demand in China

https://www.nasdaq.com/articles/iron-ore-gains-on-hopes-of-more-stimulus-improved-demand-in-china

The stories about Simandou being a Pilbara killer are nonsense.

Firstly they plan to "construct a mine, rail line and port in Simandou by December 2025"

"First production is expected in 2026"

https://www.miningweekly.com/article/guinea-lawmakers-approve-jv-for-simandou-iron-ore-development-2024-02-05

Secondly, they will have a slow ramp up to get to 60Mt by around 2028 (if all goes to plan). Already been trying to get the project started for over 2 decades!

Australia produces 900Mt, so it's a drop in the bucket.

Rio said they need to start a new mine every year to just keep up with demand and depletion. They will have 90Mt of depletion.

Then add all new demand from India and ASEAN region. Indian steel mills pressuring to ban iron ore exports to China since India is doubling their steel production by 2030.

Africa itself will need more than Guinea can produce.

Thirdly, Rio plans to use the high-grade at Simandou to blend with their Pilbara ore, since their grade is now getting very low and are producing low-grade material, known as SP10.