Member Info for Max111

Dalian iron ore soars on stimulus anticipation, strong demand outlook

https://www.mining.com/web/dalian-iron-ore-soars-on-stimulus-anticipation-strong-demand-outlook/

You call 1 interview on 1st September "pumped"! Lol

Everything lined up now for "the new executive management team" next week.

@12Roses. The carried value of the Hamersley Project as at 31 Dec 2021 was $2M.

Plenty of buffer in the $30M Capex.

@12Roses. Hanc0ck has a "reduced Capex of ~US$20m" and they have budgeted for US$30m.

Fenix Capex A$15m included buying shed at port and accommodation facilities, which UFO doesn't need. UFO just needs to build a small haul road. That's the only infrastructure UFO needs!

Plenty of buffer with $30m capex budget which is still chicken feed for a mining project.

@Wolfy, FYI, I can currently get quotes to sell 4M shares in one go.

Still not answering my question whether you prefer Troy (who only gave 1 interview all year!) or new CEO next week? Hmmm

@Wolfy, move on, or flicked on?

You still prefer to have Troy as CEO after you were accusing him last week of sexual harassment cases taking place at FMG?

UFO just got set up for a massive 2024 with new executive team. Everything lined up.

@Wolfy, are you saying you prefer Troy to stay on, or new CEO next week? Hmmm

@12Roses, Performance Payment if it applies is based on carried value.

So plenty of buffer in the $30M Capex.

@crypto_hater, bye then.

@crypto_hater & Chris2. You know 2024 going to be huge. If not, why are you spending your valuable Christmas holiday period trolling here?!

Just imagine UFO going into 2020 with Native Title & 1.25M Port allocation at Utah Point executed.

That's is what UFO has going into 2024 with a sustained $30/oz on silver by end of year as Commerzbank stated.

For there to be a "Performance Payment", there needs to be "Performance".

People need to read "If, within 60 months of executing the Option Agreement, Alien disposes of its interest in the Projects"

If a performance payment does apply, then there is plenty of buffer in the Capex of $30M. It's not based on NPV. It's based on carried value.

Fenix Capex was A$15M.

UFO states "reduced Capex of ~US$20m" in previous RNS & website. So extra $10M for any Performance Payment, if it applies.

Capex of $30M is tiny for a mining project.

So still no one here thinks Troy was cut out for the CEO role. 1 interview during all of 2023 as CEO (after assuming Bill's duties)!

So I guess it was a good idea to cancel his CEO 260M Share incentives then.

Time now for a new CEO & executive management team to drive UFO forward.

2024 going to be huge for UFO.

Can only keep Share incentives & options if he stays part of the management team as a consultant. He has "resigned" or pushed, so doesn't keep any incentives/options.

So no one here thinks Troy is the best person to drive UFO forward?

Yep, 1 interview in over a 1 year period (since having assumed Bill's duties as CEO) isn't good enough.

UFO needs a real CEO, and we should find out who it is next week.

Anybody here wants Troy to drive UFO forward?

Please say why.

The people here like Unclejim who kept saying how bad Troy is already missing him?

New CEO next week. Lets hope he/she isn't as camera shy!

"New executive management team" tells me things about to take off.

All depends on the new executive management team which will be announced next week.

People here didn't like Troy so they should be happy about this. But can never please some.

The Company expects to make an announcement in the coming week about the new executive management team, who are expected to commence in early January 2024.

Management Changes

https://www.londonstockexchange.com/news-article/UFO/management-changes/16265534