Member Info for Max111

Normbeef with his friend Chris2 getting agitated.

Mining Plus which developed Fenix gave Hanc0ck NPV of US$206M.

And that is just for an 8 year mine life and stated "High potential to extend mine life for several decades".

Need to do some research.

Fenix had 2 main advantages. Bought shed & got allocation at Geraldton early and was able to get Native Title before the Aboriginal Cultural Heritage Act 2021 which came into effect 1st July 2023 (which was due to Rio blowing up the 46,000 year old aboriginal caves).

That's all behind UFO now. All to play for now. Hope you are positioned. ATB.

For you Chris2 x x x

UFO... New 9 day high

https://twitter.com/NewforestStock/status/1750609300630700079

Buy Signal Generated:

https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=UFO.L

As I mentioned before, the best sign for a move up is when the derampers/trolls come here and get agitated and abusive towards shareholders.

It's Australia Day tomorrow, so not expecting anything tomorrow.

With Native Title & Port Allocation executed and Mining Licence & DFS coming very soon, the most important thing is Iron Ore prices which for some reason seems to trigger the non-invested here.

With such strong prices, Hanc0ck will get monetised one way or another.

The entire metals complex now starting to move up. DSO at surface is the easiest way to cash in. We are very, very lucky to have Hanc0ck. So much hard work has been done to get it to this level and harvest time Q3.

I'm in no rush to see a new management team to fill a blank. Prefer a skilled team, which depends on peoples schedules & availability.

Need back to back news for AIM and it's all there to come for 2024.

Just waiting on the Mining Licence which is due very soon.

"#Ironore futures rallies for third straight day taking this week’s gain to 5% as Feb contract hit $136.85, highest level in more than 2 weeks. Materials were best performing sector in #ASX200 with $BHP +1.5%, $RIO +2.8% and $FMG +2%."

https://twitter.com/saxobank/status/1750400889678873036

"Tanjun Capital Limited is the investment advisor to a mining fund providing debt financing solutions to junior and mid-tier mining companies."

https://tanjuncapital.com/

Very interesting.

@Steveiom. Haven't had Mining Licence & DFS yet. Lets see Market Cap when Hanc0ck de-risked.

$100M in cash for IOCA then I might consider it. Otherwise prefer mining.

Scoping Study gave NPV US$206M.

@smiller, I want us to mine, but some people here just making it cheaper for Gina/MinRes or the Iron Ore hungry Chinese man at Miracle Iron.

CZR got more than double their Market Cap in cash. Time will tell.

Been saying if for a while.

Buyout is inevitable eventually.

Iron Ore market is tight.

Looks more like a buyout coming to me.

Been getting NT to buy 1M all day yesterday and today.

Anyone else the same?

Also lots of non-shareholder new & old face neg heads tells me news is soon.

Https://twitter.com/AlienMetals/status/1750118688718532925

"@mining reports an increase in iron ore price as China pledges to stabilize market. Iron ore futures surged to the highest level in over a week as China committed to stabilizing its market."

https://twitter.com/AlienMetals/status/1750116027491324351

Rod can only keep the options if he stays on as a consultant after he resigned. That bridge has been burnt thankfully.

No chance of seeing an RNS in future stating Rod has been issued shares.

@Unclejim, how can you export iron ore without executing the 2 main barriers to entry = Native Title & Port Allocation? Now done.

Why do people want them to keep their over half a billion share incentives?

Mining Plus (which developed Fenix) is developing Hanc0ck.

You want to keep Troy as CEO?! Must be mad.

@Wolfy & Unclejim believe in giving people jobs for life! Haha. This is a business not a charity.

You want Rod & Troy to keep their Incentive Shares that totalled over half a billion shares?! Why?

Are you one of the upset ex-Alien employees that are now no longer required and were made redundant and lost their share options? There is no job for life. Sorry.

“All outstanding rights to option conversion and performance share issues will terminate immediately should the recipients leave the employment of the company.”

Just waiting on the Mining Licence. Simples.

Also regarding previous CEOs getting pushed out, why is that a bad thing?

Why do shareholders want them to keep their very, very generous Share Options.

Bill's job was Exploration. Done

Rod's job was Strategic Review. Done

Troy's job was to get Hanc0ck Shovel Ready. Done.

Why would you want Rod to keep his Incentive Shares which totaled 255M shares = 4.79% of the issued share capital!

Why would you want Troy to keep his 260M Performance Rights!!

No more value they can add.

Good to keep deal maker Alwyn though in case of buyout.

Just need Mining Licence to come through now, which will be very soon.

@Wolfy. My post was about fixing the the hedge price.

The derampers here have all been wrong about the most important thing = the Iron Ore price.

And you and the other derampers have been wrong about China collapsing.

They grew at over 5% last year, and set to grow around 5% this year.

They are cutting rates since they have deflation.

China’s interest rates are higher than in USA and much higher than Europe or Japan.

They have a huge amount of Policy Space.

And now you just posted old news.

China just put a floor under the China equity market with $300bn stimulus. China stock market now rising.

Wolfy getting desperate! LOL