Member Info for Max111

Iron Ore just closed up +0.73% on DCE live trade at 9am this morning = ¥828.000/US114.33/t

mining plus (which developed fenix) stated fob operating cost of $58.9/t in scoping study. can see hanc0ck project economics in rns 24 october 2022.

rns 20 february 2023 stated:

"ioca has now received final fixed price tender responses from suppliers for the development of the han**** project dso iron project. pleasingly, all responses are in-line with scoping study estimates and continue to demonstrate strong project economics."

Another 5M buy went through today after close @0.38p 16:40.

Looking good Aliens. Lots of new & old faces today. Let all the haters hate.

US$1M Working Capital secured. Onwards & upwards.

Professional, legal and consulting fees includes paying Mining Plus (which developed Fenix), Howard Baker who is doing the MRE (he did the Resource work for Rio Tinto) Nomad, Broker, legal, listing Fees etc etc

European stocks follow Asian markets higher after cheering China data:

https://twitter.com/FinancialTimes/status/1675846275256709121

European stocks follow Asian markets higher after cheering China data:

https://twitter.com/FinancialTimes/status/1675846275256709121

European stocks follow Asian markets higher after cheering China data:

https://twitter.com/FinancialTimes/status/1675846275256709121

European stocks follow Asian markets higher after cheering China data:

https://twitter.com/FinancialTimes/status/1675846275256709121

London miners Anglo American BHP & RioTinto see gains as China's resilient factory activity bolsters markets.

alien announces short term funding facility of up to us$1 million.

read full announcement below.

https://alienmetals.uk/wp-content/uploads/alien-executes-short-term-funding-facility-final-jb-gr-br2.pdf

#ufo #ironore #han****

https://twitter.com/alienmetals/status/1675839064744816641

@The_Bishop, it's all very fair for the industry. Read at your own leisure.

Before this morning's announcement of Working Capital secured, people would have just sold into any good news. Now issue of Working Capital placing is off table. There still remains the $5M ($4M GBP) for Anglo deal. Hopefully that is a loan also, if not then just have to look at Fenix. They announced Mining Proposal Approved, Native Title and Equity Raise for their project all in August 2020 which caused their SP to double. Then doubled again from there as they started production. Then doubled again. So hopefully UFO now starts to move up as it did in 2020.

Plus unlike Fenix the DSO cash unlocks 1 of Australia's largest PGM & highest-grade silver all massively underexplored.

Plus obviously Brockman, Vivash etc etc.

Today's announcement was very important for UFO.

Welcome 1 poster @Nicubias who has joined the website today and taken an interest:

"Before FMG, we created Aztec Resources which became an iron ore producer in 2007 after Mt Gibson’s takeover bid for $300m. I firmly believe #AlienMetals will become WA’s next DSO high grade iron ore producer if you have interest see LSE code:UFO

Low capex and high grade, low market cap $

Watch this space as UFO takes off!"

https://www.linkedin.com/feed/update/urn:li:activity:6929142479392784384/

How much are you looking to buy?

Yep, Bennelong has already seen the SP go over 3p and never sold.

He obviously sees the picture here. Similar to when he created Aztec Resources which became an iron ore producer in 2007 after Mt Gibson’s takeover bid for $300m.

Boom. There you go, 5M buy @0.36p just went through at 09:32am.

Anyone got access to L2?

Looking very strong from what I can see on basic L2 data. Someone is trying to get in.

Also key takeaway for me is that lender Bennelong/Richard must be very confident UFO going to production 🚀

StarBright is interested 😆👍

*Now

Funding issue sorted.

Not just need to get deal with Anglo signed this quarter 😀

Boom!

Short term funding facility of up to US$1 million

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

@Dean, PKF would have already informed UFO if they were going to miss the deadline and according to FSA listing rules, they they are aware, they would have to issue RNS.

And here you are:

https://www.londonstockexchange.com/news-article/UFO/financial-results-for-year-ended-31-december-2022/16022893

So what does that make you???