Member Info for Max111

Chris2, literally Google searches "Iron Ore price fall" and posts old news without links. What a joker.

Waiting for you to answer my questions...

@Chris2, why didn't you post the link. Is it because it's it's from Breitbart:

https://www.breitbart.com/asia/2023/10/31/chinas-slow-motion-economic-collapse-triggers-manufacturing-activity-crash/

Written by John Howard https://www.breitbart.com/author/john-hayward/

"I'm a conservative because there is so much about the American tradition that is worth conserving."

Doesn't include ¥1Trillion infrastructure stimulus announced last week. Kind of important for future prices don't you think?!

Also today's financial meeting which included mechanisms to resolve local debt risks & manage local govt debt & financing for all types of property etc.

Why are Iron Ore futures going up?

What will be inventory supply in 2024?

What are you on about "bury your head in the sand"???

What is UFO's FOB Operating Cost?

*level since 2016

@Chris2, why are you posting old news with no links?

Keep up mate:

Nov 1, 2023: Iron ore tipped to hit $US130 a tonne by year end

https://www.afr.com/markets/commodities/iron-ore-tipped-to-hit-us130-a-tonne-by-year-end-20231101-p5egme

"Iron ore prices this week have rallied to the highest level in more than five weeks amid hopes for stronger Chinese demand. Vale SA, one of the top iron ore producers, also said there were upside risks to prices after China’s government clearly signalled support for infrastructure activity.

Singapore iron ore futures traded higher on Wednesday afternoon, climbing 1.1 per cent to $US120.45 a tonne on the December contract. Dalian futures rose 2.1 per cent to $US134.44 a tonne."

¥1 Trillion infrastructure stimulus will start converting to steel orders (always a lag from policy to orders) as UFO goes to production whilst inventory supply in 2024 will be at the lowest lever since 2016.

Iron ore rallies on positive signals from China financial meeting:

https://www.nasdaq.com/articles/iron-ore-rallies-on-positive-signals-from-china-financial-meeting

"China will set up a mechanism to resolve local debt risks and manage local government debt, state media said on Tuesday, citing a key twice-a-decade financial policy meeting held on Oct.30-31.

Beijing will also help with reasonable financing demands for all types of property enterprises and pursue policies that aim to meet housing demand.

"Lowering local debt is, to some extent, injecting liquidity into the downstream market, buoying sentiment and supporting demand for industrial metals," said Pei Hao, a Shanghai-based analyst at brokerage firm FIS.

Iron ore is still most exposed to further policy support versus other commodities, analysts at Citi said, seeing further upside potential towards $130 a ton."

Iron ore rallies to a 5-week high of $121.90/ton in Singapore on hopes for robust Chinese demand. Vale's VP, Marcello Spinelli, anticipates upside risks in prices as China boosts infrastructure support.

https://twitter.com/AlienMetals/status/1719290183298773249

Buy Signal generated on UFO:

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

BULLISH HARAMI CROSS

"This is a major bullish reversal pattern, which is even more significant than a regular Bullish Harami."

IG Interview

Alien Metals new CEO discusses future iron ore production at the company:

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

@5x5, I wouldn't mind relocating from London to Perth, but unfortunately I don't have "A minimum of 5 years in a senior finance position".

Hanc0ck will create +100 jobs though. And that's just the starter mine :)

Just spotted this:

https://www.seek.com.au/Alien-Metals-jobs

"•Small team that is growing fast

•Opportunity to be involved at the ground up

Exciting opportunity to join an emerging junior mining exploration company"

UFO now above its 10-Day, 20-Day & 50-Day Moving Average.

Technically haven't seen it this strong for a long time.

All algos will now turn bullish.

Crossing above 200-Day Moving Average of 0.36p is next. With MRE update & DFS, it can move up very quick, since the sellers have dried up and the conviction buyers buying recently aren't selling until multibags.

Exciting times for UFO. Plus silver moving up adds a lot of fuel, since UFO is the only silver junior on LSE/AIM.

Iron Ore Climbs to Five-Week High After Vale Flags Upside Risks:

https://www.bnnbloomberg.ca/iron-ore-climbs-to-five-week-high-after-vale-flags-upside-risks-1.1991238

Iron Ore Spot Price is at a current level of 120.98, up from 110.20 last month and up from 99.81 one year ago. This is a change of 9.78% from last month and 21.21% from one year ago.

https://twitter.com/alienmetals/status/1717901129336357054?s=46&t=_zLFZqu8agi3R9q2JHbcGg

UFO just needs Troy to just continue to execute the plan and do what he said he will do:

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

Over 2 months now since final drill results came in. Final is the key worked = No more drilling!

"These final assay results confirm exceptional direct ship ore grades, as well as excellent widths and depth continuity of the proposed Sirius Mining Pit."

Therefore, MRE Upgrade soon.

Nearly 3 months now since they started DFS, which Troy said in interview that Mining Plus are wrapping up.

So DFS can't be long either.

Plus HPAs all coming in.

US$1bn in high demand DSO from surface with 1:1 Strip Ratio and Opex in line with Scoping Study of just $60/t FOB.

Then massive resource extension (less than 10% explored).

Iron ore futures climb more than 3%

https://twitter.com/Directors Talk/status/1717167888589791613

Mining Journal has reported that the iron ore outlook is not as bad as anticipated, with analysts ripping up their initial expectations for 2023:

https://twitter.com/AlienMetals/status/1717114426543812919

Metals Extend Gains After China Steps Up Funds for Construction:

https://twitter.com/business/status/1717066790012866599

Metals Extend Gains After China Steps Up Funds for Construction:

https://twitter.com/business/status/1717066790012866599

Metals Extend Gains After China Steps Up Funds for Construction:

https://twitter.com/business/status/1717066790012866599

Metals Extend Gains After China Steps Up Funds for Construction

https://twitter.com/business/status/1717066790012866599