Member Info for Max111

Https://www.londonstockexchange.com/news-article/UFO/proposed-placing-to-raise-up-to-ps2-million/16077480

@Nicubias. Read RNS about shared logistics with E25 next door.

We had 2 stellar Diamond Core hits nearly 3 weeks ago. 11 more to come.

Haul road opens up the tenements. Can also charge transit fees to Min Res and get an extra few dollars per ton - they have 124Mt!

Please don't tell me you are the PI seller?

@Nicubias. You are applying a $7/t discount for 60% Fe, but UFO will be mining the ridges first with are 61% Fe.

Every 1% increase in Fe content results in a 1% reduction in coke consumption for the mills.

Also Bulk Carrier Freight Rates Iron Ore as of last Friday to China were $8.30/t:

https://www.ssyonline.com/free-charts/bulk-carrier-freight-rates/#

(Click on Iron Ore, then the last red dot on the right).

And where are you getting your $15/t for capex. On a 1.25Mtpa that equates to $18,750,000.

Also the indicated category is currently small but that will change with DSO Diamond Core results about to drop soon and then MRE Update.

Plus we are just scratching he surface. 80% to explore in Hanc0ck. Then extends for several kilometers into Mallina.

Then Brockman which has high-grade samples around 65% Fe with an est exploration target of 233Mt.

Also Average mining costs in China are around $100/t due to their low-grade and need for beneficiation.

And if we don't mine ourselves, we just sell it to BHP who have oldest iron ore mine in the world just a stones throw away!

Or even Gina (which i think will be likely at some point), which will operate it under Atlas Iron with economies of scale.

I guess you are the PI seller then.

Over 180M shares traded today. Damage from the PI is done now.

@Roses. You obviously don't live in the real world.

And he wasn't given the shares. He bought the shares and would be making a significant loss if he dumped recklessly like this person. Plus he has Options from 0.8p to 1.40p, so incentivised to move SP up.

@5x5, you really think Rod just started at White Cliff Minerals with UFO's Director Dan and he starts dumping UFO shares recklessly?

https://twitter.com/westaustralian/status/1688802259662950400

Not Rod.

Rod has seen all the tenements from the ground and from a helicopter before his big buys.

He know the potential at Hanc0ck & Munni Munni.

And as I mentioned before, people really think it's him selling recklessly when working with UFO's Director Dan Smith?

Wouldn't Dan have had a word with him by now?

https://wcminerals.com.au/directors-and-management/

It's not Rod. It's a PI.

@Deanok. The seller started selling recklessly at any cost from Thursday. It's not Platina.

And Rod isn't skint. He made nearly £3M from selling Bluejay when it was 14.50p/share:

https://www.sharecast.com/news/dealings-round-up/director-dealings-bluejay-mining-ceo-lowers-stake--7766803.html

Plus he uses his own broker.

It's a PI. And when he is out, he is out. Simples.

UFO just raised $1M last month to be released in 2 tranches. So all this talk about placings is very premature.

https://www.londonstockexchange.com/news-article/UFO/short-term-funding-facility-of-up-to-us-1-million/16023430

Also I don't buy the idea that it was Rod who was selling so recklessly at any cost when he is sitting on the board with UFO's director Dan Smith. I'm sure Dan would have had a word with him!

Just a large PI with an axe to grind that wanted to exit. But can only sell so much and he is out.

Anyways looking forward to see 11 more DSO Diamond Core results soon.

Rod just moved to White Cliff Minerals:

https://twitter.com/westaustralian/status/1688802259662950400

Interestingly Dan Smith (UFO Director) is also their Director. It's a small world in Aussie mining!

https://wcminerals.com.au/directors-and-management/

@Wolfy81, you only make a loss when you press sell.

I'm here for the long-haul.

Not sure why you spend all your time here.

Anyways the dumper should be done. Hope you picked up some.

@theannoyingdevil, KNAC can't say no if there are no sensitive sites. Read the Mining Application. There are no issues.

If you are an investor for the long-term ( as you said you are) why are you complaining that it's getting cheaper to buy. Ie What Rick Rule always says.

Anything changed except the SP?

No.

So take advantage of it if you can. Seller can only dump so many.

BOD only need to respond if there has been any material change. Nothing changed. In fact positive news due.

Seller had more shares than I thought.

But can't sell forever.

Getting snapped up now.

Good thing with the Anglo deal is that it requires price hedging.

Also all the JORC drilling done.

Looking forward to the DFS by Mining Plus (who developed Fenix).

Lots of the pieces of the puzzle will now be coming through.

@Tacet, so name 1 other company that you prefer and you think has a more skilled BOD relative to developing their assets (with similar Market Cap range).

And if you are making a claim about your trading, you need to prove it by showing us your portfolio.

Why won't you show us?

And remember, you said you short every market there is, except for the stock market.

You are all full of it.

Not 1 company. Haha

@Wolfy & Tacet. If you don't like UFO then name other stocks you prefer (out of over 700 AIM companies) and why you think they will outperform UFO this year (when UFO have DSO Diamond Core results, Upgraded MRE & permits all due soon).

You guys getting very desperate especially when you say you value your free time. Haha