Member Info for Max111

@Chris2, What on are you on about? When did I ever get banned? What did you unearth?

Please answer. Don't run away.

Also very importantly, why do you spend all your free time here? Hmmmm

Waiting for your reply...

@Chris2, when SP was 3p, why did you say it's going to 10p?

Also why did you sell all your shares literally the day before a 40% SP rise and buy back in at the spike?

@NotUncleJim & notactuallyinvestedinufo Bye Bye. Look out for the real news flow RNSs ;)

* @NotUncleJim & @notactuallyinvestedinufo

(doesn't 2 symbols with space)

@NotUncleJim¬actuallyinvestedinufo. This is mining. Expected.

What do you think caused the delay in Native Title?

Answer = Aboriginal Cultural Heritage Act 2021 which came into effect 1st July 2023. Now fully repealed about 3 weeks ago. So things should speed up.

Changing CEO is necessary for a transition from explorer to miner. Do you think Bill could get any ore out the ground when he kept saying "I'm an explorer not a miner"! LOL

New BOD have actually developed Iron Ore mines and Alwyn has completed multiple tenement and project transactions with large international companies resulting in more than US$500m cash and royalty value.

Which other AIM junior has this?

@NotUncleJim. Has the placing news flow started yet?

@NotUncleJim. SP since last placing went above 0.60p. So the short termers could have cleared. But what happened in the market? How did shares in the sector do? Hmmm.

BTW anyone invested in a share that hasn't recently raised funds, I would be worried trying to raise now.

@Wents, you are making your judgement on the share by someone making a trade for the amount of a 1 year ISA allowance? LOL

£2M extra cash in bank to cover until next year and placing news flow hasn't even started.

@wents:

trading update from placing rns:

the company is pleased to provide the following trading update.

✅ tenders for the material construction and operational packages continue to be reviewed and optimised. it is anticipated that the company will select preferred tenderers in the coming weeks,

· the company continues to negotiate offtake agreements for the company's han**** project with interested parties, (including anglo american as already announced) with indicative term sheets also received from other parties,

· assays of the recent resource definition drilling for the sirius mining pit continue to progress through the laboratory, results will be announced when received,

· the company continues to progress heritage partnership agreements across its iron ore projects at han****, vivash gorge and pinderi hills (incorporating elizabeth hill and munni munni),

· the company has progressed a review of the pinderi hills area and will shortly be in a position to provide an update on this review, which includes analysis of historical, unreleased results.

Did the placing holders just invest £2M cash into UFO to make a loss? I very much doubt it.

So far only had news which I already knew.

Looking forward to the real news flow.

"Commodity Corner | #IronOre prices firm up, surge 3% overnight after solid gains over the past week."

https://twitter.com/CNBCTV18News/status/1694599637267804474

India will be the world's most populous country this year and doubling their steel demand by 2030.

Yes Allwinners. Lithium rush in Karratha kicked off by $SQM (world's 2nd largest lithium producer) $20M into Azure Minerals. Their market cap went from $70M to + $1bn and they only own 60% Andover (Mark Creasy 40%).

Errawarra Resources shot up 70% earlier this morning - now up around 54%

after this update https://www.errawarra.com/reports/121182-ERW_230824_ASX_Annc_Exploration_update_23361_20230809_THR_GV_pdf.pdf

Greentech Metals - up 17.5% this morning.

Bennelong Resource (UFO TR1) is a major shareholder in both.

Attention will turn to UFO soon.

Definitely looking forward to the Pinderi Hills update:

"The Company has progressed a review of the Pinderi Hills area and will shortly be in a position to provide an update on this review, which includes analysis of historical, unreleased results."

Non-invested trolls keep posting BS on LSE chat whilst industry players involved liking & reposting UFO Linkedin post:

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

Whether trolls like it or not, Hanc0ck high-grade DSO with low impurities starting at surface with a 1:1 Strip Ratio is going to be a profitable low-cost high-margin, long life direct shipping operation. Then keep expanding the resource and developing multiple DSO mines across the Pilbara.

The high-grade DSO mine is going to start getting real very quick.

I was glad to see "Maramara" in the RNS.

It's a majority indigenous-owned company Regroup partner with to provide mining and civil construction services and employment opportunities to local Indigenous people.

https://regroup.com.au/about/

It will definitely facilitate getting the Native Title Agreement signed.

Funded through Capex which was $30M (£23.6M) and then reduced to $20M (£15.8M).

Anglo American deal pays for $15M. $5M (£3.9M) UFO to fund after Bankable Feasibility Study and that's when the mining financiers come in.

At around $60/t FOB, and price hedging as part of Anglo 100% off-take deal, very easy to get Capex funded.

This is a tiny Capex for a mining project.

There is Capex & Opex.

alien metals chooses regroup as primary contractor for hanc0ck

https://www.sharecast.com/news/aim-bulletin/alien-metals-chooses-regroup-as-primary-contractor-for-han****--14477890.html

securing regroup as a key contractor for the hanc0ck project is a significant milestone for the company as it further de-risks the project.

~$60/t fob

*Alwyn

Which one is next:

11 DSO Diamond Core results (Alywn joined after first 2 assays) or

"The Company has progressed a review of the Pinderi Hills area and will shortly be in a position to provide an update on this review, which includes analysis of historical, unreleased results."

@5x5. You are better off spending your time building a garden shed.

@5x5. No, you are currently here to deramp since you are invested elsewhere and worried about being out. Simples.