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Yes exactly. You will notice it's actually just the shorter trolls that are upset with UFO securing $2M funding to push ahead since no new placing shares hitting the market before re-rates.
Shorter trolls make a living out of this unfortunately, sitting begging for discounted placings.
Same assets. Now we got $2M to push ahead. Looking forward to a 2020-style uptrend with hopefully silver breaking out past $30/oz this time.
Wait to buy shares when the placing shares come on the market next week before re-rating news.
Oh hold on a minute, there are no new shares coming onto the market before re-rating news.
No placing churn lasting months with short-term placing flippers.
Shareholders will now be benefiting from the re-rates, JV/Asset sale without dilution.
Shorters will get caught short.
$2M cash injection with zero shares added to the market and significant re-rating news incl Mining Lease & JV etc.
Plus new Director Rob (ex Helix Resources that originally brought in Lonmin/Sibanye) going to start showcasing Elizabeth Hill & Munni Munni. Fantastic :)
Shorters:
"Glue your butt to the seat because you will need it
#Silver"
https://twitter.com/TheLastDegree/status/1768645123280154861
@theannoyingdevil. They now have the cash to push ahead with the Development Study plan. Just needed the cash. Now injected with $2M. Plus now have interest from JV partners (as per today's RNS). Hopefully MinRes to unlock their Sirius deposit?
I'm actually very excited we now have Rob on board.
They had previously spent over $20M on the Munni Munni PGM & Gold project and has a current in situ value of US$2.8bn!
I remember Bill saying in a presentation they did a PFS on it when Palladium was $500/oz. Today it's $1,120/oz and going higher.
But Munni Munni had tenement disputes going back decades. Now whole region is 100% consolidated including Munni Munni North & Elizabeth Hill. All ready for JV.
Looking forward to JV news for Hanc0ck, Munni Munni & Elizabeth Hills :)
"Are we on the cusp of an epic 8 year run for #silver and #palladium?
I'll let this chart help you make up your mind..."
https://twitter.com/badcharts1/status/1768598139521376742
Good to know UFO 100% own Australia's highest-grade silver mine + 1 of Australia's largest high-grade Primary Palladium & Platinum deposits.
Perfect timing to bring in Rob:
"Rob was the founding Managing Director of Helix Resources Limited from 1986 to 2006 and the Managing Director of Platina Resources Limited from 2006 to 2018. Rob was instrumental in introducing Lonmin plc, a major platinum and palladium producer as a joint venture partner in the Munni Munni project in the late 1990's.
Rob's in-depth knowledge of Western Australia, and in particular the Munni Munni platinum group metals and Elizabeth Hills Silver projects will be invaluable as the Company examines options to unlock the value of the projects."
AA still there & term sheets from interested parties also. Now plenty of breathing space for re-rates:
"The Company has made significant progress on the Hanc0ck Project and is currently in discussion with various parties regarding the required development funding. In the interim, the technical team will focus on securing all relevant approvals required for mining at the same time assessing strategies with the Company's technical experts to increase the existing resources and reserves which is expected to significantly increase the value of the project."
Also: "We have recently received positive interest from potential joint venture partners following the results of the Development Study."
MinRes will definitely want to unlock their stranded 124Mt Sirius deposit @60.3% Fe. Very much looking forward to news on this :)
@ForrestGump. It's a dig & ship operation. Fully permitted by June. Start construction by July/August. Access to export channel is secured. You will start seeing Fenix style rerates shortly. Shorters are screwed now.
@Sinter. Wow this is fantastic, "Rob was the founding Managing Director of Helix Resources Limited from 1986 to 2006 and the Managing Director of Platina Resources Limited from 2006 to 2018. Rob was instrumental in introducing Lonmin plc, a major platinum and palladium producer as a joint venture partner in the Munni Munni project in the late 1990's.
Rob's in-depth knowledge of Western Australia, and in particular the Munni Munni platinum group metals and Elizabeth Hills Silver projects will be invaluable as the Company examines options to unlock the value of the projects."
Alien Metals secures short-term Funding Facility for project development
Appointment of Technical Director
https://twitter.com/Directors Talk/status/1768534451037032599
ufo just got injected with up to $2m whilst the non-shareholders here have been waiting for a placing to buy back in :)
"the funding announced today will provide additional capital to the company to continue the exploration of our projects, while we explore and progress negotiations with various potential funding partners for the han**** project."
Funding Facility of up to A$2 million
Board Appointment and Project Update
https://www.londonstockexchange.com/news-article/UFO/funding-facility-board-appointment-update/16379038
UFO Buy Signal generated:
https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=UFO.L
@Graddhy:
"Looks like this ratio is about to move higher. Means #silver miners is about to start outperforming almost everything. Note the red positive divergence, just like before the two previous huge moves back in 2016 and 2020"
https://twitter.com/graddhybpc/status/1768229264858452203
@Graddhy:
"Looks like this ratio is about to move higher. Means #silver miners is about to start outperforming almost everything. Note the red positive divergence, just like before the two previous huge moves back in 2016 and 2020"
https://twitter.com/graddhybpc/status/1768229264858452203