Member Info for Max111

Yep. Also if you look at the likes on Today's UFO Linkedin post (compared to other posts), it shows it was a very important RNS.

https://www.linkedin.com/company/alienmetals/posts/?feedView=all

Good to see the SP in the blue.

The posters today that switched from being positive to negative (ie sold) will be buying back in above 0.40p :)

@AlienMetals Has rather pleasingly hit our previous target of 0.32p #UFO An end-of-day close above the 200-day moving average at 0.33p could lead to a new target of 0.43p.

@ZaksTradersCafe

The upside is valid while it's above recent support around 0.28p.

https://twitter.com/Share_Talk/status/1729528472257663299

I agree Panderman. This was one of the key RNSs I've been waiting on.

So many junior are "stranded" since they have no infrastructure to get to port, and can't get any allocation at port to access global markets.

UFO now executed MoU with Pilbara Ports Authority for Iron Ore Exports of 1.25 million tonnes per year, every year until we exploit all DSO at Hanc0ck & Mallina and the little Green Box Tenement above Mallina (ie several decades of exports).

@Goingtomoonufo, if you don't want to own a piece of a highly profitable mine with an 8 year life extending to several decades, then sell. But you already have and need to buy back just before Heritage Approval. LOL

@Wents. UFO is funded through to FID.

How do you think the financiers will be able to get their Capex back if they don't provide Working Capital as part of Capex funding? LOL

Yep you sold and want to buy back in lower hours before UFO finally get Heritage Approval to turn Hanc0ck into a mine. LOL

@Wents, this was discussed below. Sounds like you just sold before KNAC finally give approval to turn Hanc0ck into a mine, a time when Rio Tino struggling to open mines over next few years due the the delays in Heritage Approvals. Oh well!

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

It was actually a significant coup for UFO to get Port Access directly with the Pilbara Ports Authority.

Now just waiting on Traditional Owners approval to mine the DSO at meeting tomorrow & DFS.

Then Hanc0ck will be a mine next year. No ifs no buts.

And if you think Hanc0ck will be a mine, then just take advantage and invest.

Alien Metals is pleased to announce it has entered into a conditional, non-binding Memorandum of Understanding with Pilbara Ports to access its Utah Bulk Handling Facility, multi-user berth in Port Hedland.

Troy Whittaker, CEO commented:

“The signing of the Port MoU and settling key terms of the formal multi-user agreement are important steps as we continue to secure the supply chain from development, operations and to the end customer”.

https://twitter.com/AlienMetals/status/1729455791525052871

@Wolfy, "Dwindled away". That depends on when you are looking at the graph doesn't it.

You recently said, "I’m willing to hang on for a year and finish what I started. If it flies and actually does go to the moon I may take you up on that drink! Fingers crossed to those invested here".

Explorer => Producer 🦾

@Wolfy, you do realise UFO getting Port Access is a licence to print money don't you?

Yep don't sell the Goose that lays the Golden Eggs, is what I would say.

UFO in Dry Bulk magazine. Getting serious now :)

"Alien Metals Ltd has announced it has entered into a conditional, non-binding Memorandum of Understanding (MoU) with Pilbara Ports to access its Utah Bulk Handling Facility (Utah Point), multi-user berth in Port Hedland, Australia."

https://twitter.com/DryBulkMagazine/status/1729438882410705221

Yes good point Prospector. And Capex as stated in the Research Note will be in the region of just US$20m (£15.84 GBP).

The mining financiers will obviously also fund the working capital required to get to production.

As soon as that funding hurdle RNS is out, expect a jump in SP.

Just 3 quarters to get everything ready. All looking very good now.

@Goingtomoonufo, how do you expect UFO to become a miner without raising money?

But as the research note stated:

"Progress made to date ensures that, should a positive investment decision be made following the conclusion of Definitive Feasibility Studies (DFS), Hanc0ck will be in operation and generating cashflow soon after capital is invested."

"We will revise our fair value when the DFS is published, we still see fair value at 2.7p/share."

"WHI View: The Hanc0ck DSO project promises to be technically simple and low-cost. The advances made by Alien to date smooth the road to production should a positive investment decision be reached on the conclusion of the DFS.

Current estimates suggest that the initial capital investment will be in the region of US$20m.

Against a backdrop of rising iron ore prices (US$120/t) and with operating costs estimated around US$60/t Hanc0ck promises to be a high margin operation. We see significant scope to grow the current reserve (1.9Mt grading 60.2% iron), and extend the life of mine, or increase production rates (1.25Mtpa).

We expect a quick investment decision once the DFS is published.

We will revise our fair value when the DFS is published, we still see fair value at 2.7p/share."

https://twitter.com/research_tree/status/1729408580112015840

Directors Talk Tweet:

Alien Metals MoU Executed with Pilbara Ports Authority for Iron Ore Exports

https://twitter.com/Directors Talk/status/1729398062739759172

Yes, Native Title & Port Access are the biggest hurdles. The rest is simple.

1.25 million tonnes per annum :))))

Memorandum of Understanding executed with Pilbara Ports Authority for Iron Ore Exports

https://www.londonstockexchange.com/news-article/UFO/mou-agreed-with-pilbara-ports-for-iron-ore-exports/16226750