Member Info for Max111

@Wolfy, I thought you said you are a shareholder. You are just another liar who has sold and needs to buy back. Why else would you spend your evening here?!

If you don't think Hanc0ck will be a mine, then you are living on a different planet. Bye bye.

@5x5Croire, Yes I will be buy all way to production. If fact, I bought quite a bit today which will be locked down.

Getting more & more de-risked for me, especially since I know what the decision on this will be:

https://www.karlka.com.au/wp-content/uploads/2023/11/20231103-Notice-Common-Law-Holders-Meeting-November-2023-FINAL.pdf

@5x5Croire, do you still have your "many millions" of UFO shares?

@Chris2, is UFO still "putting expensive holes in the ground" and a "lifestyle company". Is China still collapsing, or are they growing at their target 5% and have ¥1Trillion infrastructure stimulus still to filter through over next few years?

@Peanutty, no need to open 3 posts with the title "Placing". How desperate are you to buy back in?!

Only 1 round of a dozen RC drill holes at EH, and the Geo was recently paid in shares. Almost all previous funds can be attributed to Hanc0ck.

Probably why they paid the Geo in shares recently.

Going into 2024 with Inventories at around 7 year lows.

Just waiting on Traditional Owners approval and we are off:

https://www.karlka.com.au/wp-content/uploads/2023/11/20231103-Notice-Common-Law-Holders-Meeting-November-2023-FINAL.pdf

Anglo deal stated:

"Conditions precedent

i. new equity raised by Alien, and evidence that such amount has been utilized for Hanc0ck in this case, of US$5 million"

Already raised £1.5M (US$1.89M) + £2M (US$2.51M) + up to US$500k = ~US$5M.

Also Troy gets "20,000,000 Performance Rights vesting on Hanc0ck Project securing a full funding solution for development up to first production."

Fenix Capex of $15M included working capital to production.

UFO funded through to FID then working capital to production part of Capex same as Fenix, and Troy gets 20M shares for making it happen.

Not difficult when steel mills are banging on the door.

UFO already received term sheets from other parties.

I think we will actually get a better deal now with other parties, since market is truly tight & no new supply coming.

Anglo deal was last year when Iron Ore was $95/t and China was in a lockdown which people thought they could never get out of & China was about to collapse! Lol

Ok bye then :) Lol

@Chris2, how can I lose if I only keep accumulating & never sell my share of over US$1bn High-Grade DSO. A resource which is only going to grow & grow.

How much share of it do you have Chris2?

Chris2 back, means time to load up.

@Chris2, you do realise UFO has received term sheets from other parties and not just Anglo.

However, Anglo cutting production from S.Africa due to blackouts, cable theft and vandalism of its rail infrastructure is bullish for Iron Ore & UFO.

Tier1 in high-demand resource. If Anglo don't buy, so what. Steel mill in SE Asia are knocking on the door.

A lot of BS being posted.

Yep, less than 20M shares traded on low volume. It will rise just as quick on news, so just take advantage of it. I topped up and happy to keep stacking.

@Slim, it's coming.

"The KNAC Board recommends that the Nyiyaparli Common Law Holders pass the proposed resolution"

https://www.karlka.com.au/wp-content/uploads/2023/11/20231103-Notice-Common-Law-Holders-Meeting-November-2023-FINAL.pdf

The Board were reappointed 1 day before the Common Law Holders meeting and as it states the purpose of the HPA is for the grant of the mining lease. So it would be better for them sooner rather than later.

Signed off by the Traditional Owners & RNS by Thursday IMO.

The Financial Times mentions that despite the crisis in China's property sector, there is a surge in Chinese steel production, which is driven by the removal of the state controlled annual production capacity.

This has propelled iron ore prices up by nearly 40% since May, reaching $133.95 per tonne at the time of this article. The unexpected rally is triggered by Beijing's efforts to boost economic growth.

China's robust demand for iron ore has offset a decline in property construction, importing 1.1 billion tonnes in 2023, predominantly from Australia and Brazil. This figure is up 6% on the first 11 months of 2022.

Analysts at Morgan Stanley now project iron ore prices to average around $120 per tonne in 2024 if Beijing implements further stimulus measures.

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

https://twitter.com/AlienMetals/status/1734517004092993645

@Goingtomoonufo, you say, "no way close to getting anything out of ground"

Have a look at the timeline on page 9:

https://www.alienmetals.uk/wp-content/uploads/230907-UFO-updated-corporate-slide-deck-for-website-live.pdf

Construction starts in Q2!

Also Anglo cutting production from S.Africa due to blackouts, cable theft and vandalism of its rail infrastructure is bullish for UFO. They need to fill their order with their customers and no new supply is coming.

Let me know once you have bought back in. ATB

@Wolfy, you say "I’m not making this stuff up".

Well I'm looking at the SP 2 weeks ago and it was 0.31p. Today it's 0.325p. Therefore, it's gone up due to more buys than sells.

It would be a very strange market if the reverse was true and people were "dumping" their shares don't you think?! How did the SP go up?

Why do you ignore the large buys over the past 2 weeks?

And you don't want to take me up on my offer. Obviously you were one of the ones that sold and need to buy back.

Let me know once you have bought back in. ATB

@mytroll, if you don’t like what I post, then why don’t you use the filter button?!

I am quite flattered to have someone out there that’s dedicated their life to being my personal troll.

BTW, have you bought back in yet?

@Wolfy81. You say "I don’t focus on the Bs curves it’s utter nonsense." If you don't want to understand the transition from explorer to producer, then that's your problem.

But production next year means it's the easiest hold.

I'll do you a favour. Let me know what time you want to sell tomorrow and I will snatch your shares off you.

Then you can find something else to do with your time.

SP was up 1.52% on Friday & over weekend whilst market closed. Down 1.52% today and Wolfy calls it dumping. LOL

Give up Wolfy.

Learn about the Lassonde Curve and then grab as much as you can. Bye bye.

@Wolfy. You said the same thing 2 weeks ago and SP is the same.

2m might be a lot for you, but for others it isn't.

It's called traders that can't wait a couple days.

But I happy to keep stacking them.

Tangodog1024 mentioned the objection on 21 Sep 2023:

"Is this anything of concern - Warden's Court hearing 03/11:

Cause List Ref No: Objection - 682782

Tenement No: E 47/5002

Applicants BHP MINERALS PTY LTD,ITOCHU MINERALS & ENERGY OF AUSTRALIA PTY LTD,MITSUI IRON ORE CORPORATION PTY LTD

Respondents IRON ORE COMPANY OF AUSTRALIA PTY LTD"

"Https://emits.dmp.wa.gov.au/emits/advert/wardenCourt/index.xhtml

In the 'Party' section of the search filters, I entered Iron Ore and it is page 25 of the results - top item on that page."

Upside rightly mentioned at the time it's just to do with the powerlines that go through & a nothing burger.

Now if you search, there are no objections. So all resolved.

Just waiting on the KNAC HPA Approval, then Mining Licence coming shortly after :)

There are currently no outstanding objections. So all resolved.

Fun Fact Friday: About 98% of iron ore is used to produce steel. Iron is extracted from the ore and then processed in blast furnaces to produce molten iron, which is then alloyed with other elements to create steel. Iron ore is a crucial commodity in global industries.

#ironore

https://twitter.com/AlienMetals/status/1733082242589593627