Member Info for Max111

Boom. Page 8:

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

Great find @enuffRMbs :)

Mining tycoons turn up heat at lithium junior Azure:

https://www.miningweekly.com/article/mining-tycoons-turn-up-heat-at-lithium-junior-azure-2023-11-06

"Gina Rinehart, announced an 18% stake. On Friday, she was joined by Mineral Resources, led by mining veteran Chris Ellison, which now holds a 12% share in the lithium miner."

At Azure the pegmatites stand out of the surrounding host rocks which are Mafic-Ultramafics.

UFO has matching Mafic-Ultramafic intrusions with pegmatites mapped out.

This year Azure's Market Cap has gone from $70M to +$1.7bn and they only own 60% Andover with no mining lease.

UFO own 100% of Pinderi Hills with Mining Lease in place.

Completely under the radar.

Might explain why the Pinder Hills Geo was happy to take shares.

well it's pretty obvious that since knac are now on board with hpas being signed and wa granted ufo licence for the mining haul road, the hpa & licence on han**** coming very soon.

but i will let others be surprised and buy on the announcement ;)

Mining 101: Direct shipping ore (and how to win the iron ore game):

https://www.proactiveinvestors.co.uk/companies/news/1032060/mining-101-direct-shipping-ore-and-how-to-win-the-iron-ore-game-1032060.html

Great article about DSO and why it's a winner.

@theannoyingdevil. Yes, could be. Ultimately SP moved from -2.06% to +0.52% after the trades, plus a further 3M buy at 0.195p went through at 17:08.

Large 10M trades just went through at 0.19p and SP moves from -2.06% to +0.52%.

Plus Pinderi Hills Geo happy to take shares which means Troy can ensure UFO funded through to FID.

Looking forward to some real news soon :)

Listen to the funding question again:

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

Funded through to Final Investment Decision.

The production capital will be a separate funding scenario.

Geo is confident of good news ahead, otherwise he/she wouldn't have taken shares. Simples.

@Chris2, if UFO (having just raised £2M cash) are running out of cash, then they would issue more than just £50k today and the Geo would only accept cash (not shares). Yes you are an idiot.

@Chris2, UFO just raised £2M cash. You are an idiot. Still trying to get your limit buy order filled? With news incoming, you would be wise to raise your buy price.

No Chris2. Troy just making sure UFO funded through to FID.

If the Geo is happy to take shares instead of cash, then I would think he expects good news ahead.

Https://www.londonstockexchange.com/news-article/UFO/issue-of-shares/16195887

Alien Metals Ltd. (AIM: UFO), a global minerals exploration and development company, advise that it has today issued 26,315,000 Shares at a deemed price of GBP 0.0019 per share for services rendered to a geological consultant for exploration services on its Pinderi Hills and Mexico projects during 2023, in lieu of a cash payment.

Worth £50k of shares.

Iron ore logs second weekly gain on China stimulus, sound fundamentals:

https://www.nasdaq.com/articles/iron-ore-logs-second-weekly-gain-on-china-stimulus-sound-fundamentals

"BEIJING, Nov 3 (Reuters) - Iron ore rose for a second consecutive week, underpinned by stimulus-related optimism and supportive fundamentals in top consumer China.

The key steelmaking ingredient also benefited after a key financial policy meeting earlier this week and following the latest fiscal stimulus in Asia's largest economy.

The most-traded January iron ore on China's Dalian Commodity Exchange (DCE) DCIOcv1 climbed 1.36% to 933 yuan ($127.57) a metric ton, as of 0234 GMT on Friday, ending the week with an increase of 3.7%."

The Daily Telegraph reported that Asset Management firm Blackrock feels investor disdain for mining projects is threatening net zero targets.

The article highlights the investment gap is due to apprehension around mining, which could lead to lack of critical raw materials being produced. Blackrock fund managers believe sufficient investment in the mining and metals industry will help achieve the green transition.

According to the International Energy Agency, the world will need to spend between $360bn and $450bn on critical materials by 2050. Over 60pc of this estimated investment is earmarked for copper alone.

https://twitter.com/AlienMetals/status/1720066289010434057

"Asian base metals have reacted positively to the US Federal Reserve’s interest rate pause. In addition, there are many indications that the Chinese government’s stimulus programmes are having an effect and that there could be a new price rally in iron ore beyond $130 per tonne.

The US Federal Reserve’s (FED) decision on 1 November to leave interest rates untouched at a high level was largely received positively by Asian markets and the base metals traded there.

The financial markets read into Governor Jerome Powell’s remarks that the Fed will now act more cautiously. Futures markets priced in an even higher probability than before that interest rates had peaked."

https://twitter.com/SteelnewsB/status/1720009219758301459

Biden/Democrats going into election year now (election 5 November 2024).

Iron ore tipped to hit $US130 a tonne

https://twitter.com/Directors Talk/status/1719750399996117405

@Chris2 getting desperate to fill his buy order. News must be very soon right?

Chris2's article he posted was from 20 Sept 2023!

I posted this article here 2 weeks ago:

https://www.bloomberg.com/news/articles/2023-10-18/rio-tinto-aims-to-add-more-iron-ore-with-stronger-china-outlook?leadSource=uverify%20wall

Rio Tinto CEO:

“In the next 10 years globally, just as many people are going to urbanise as in the last decade, and so iron ore will remain a very large and attractive market,” Trott told reporters on Wednesday in Perth. “The mine developments that are needed to sustain that, at that scale, are enormous.”

And now Rio are exploring just 5km south of UFO Mallina.

Also Fitch get their forecast wrong every year. Last year they were forecasting $85/t for Iron Ore for 2023, and price is currently $40/t above that!

They are also currently forecasting gold to go down to $1,500 by 2026 which is BS.

#Riotinto have been conducting #exploration activities over the past month approximately 5 km south of their Mallina acquisition:

https://twitter.com/Upsiderebal/status/1719612121200124290

With HPA's & WA Licences coming through, looking very good for UFO.

@Chris2 getting desperate to get his buy order filled :))))

@Chris2 why will you not answer my questions?