Member Info for Max111

Good morning, iron ore futures rose by US22 cents or 0.2% to US$127.02 a tonne yesterday following the removal of production curbs in Chinese steel-making cities:
https://twitter.com/CommSec/status/1631386360442658816

Good morning, iron ore futures rose by US22 cents or 0.2% to US$127.02 a tonne yesterday following the removal of production curbs in Chinese steel-making cities:
https://twitter.com/CommSec/status/1631386360442658816

Good morning, iron ore futures rose by US22 cents or 0.2% to US$127.02 a tonne yesterday following the removal of production curbs in Chinese steel-making cities:
https://twitter.com/CommSec/status/1631386360442658816

Good morning, iron ore futures rose by US22 cents or 0.2% to US$127.02:
https://twitter.com/CommSec/status/1631386360442658816

Impala which is the world's 2nd largest Platinum producer also affected by power cuts in S.Africa
https://reuters.com/markets/commodities/safricas-impala-platinum-hy-profit-down-2-2023-03-02/
Power cuts every day this year. Sometimes 3 times a day, each time lasting ~3 hours. Old & defective coal-fired plants that keep breaking down.

Just Tweeted by Australia's Foreign Minister Penny Wong:
"Today I met China’s Foreign Minister Qin Gang at the G20 FMM.
It is another step towards stabilising our relationship.
We can grow our relationship and safeguard our national interests if we navigate our differences wisely.
I look forward to our continued engagement."
https://twitter.com/SenatorWong/status/1631234907304517633

Who will be first to JV Munni Munni?
Sibanye (which acquired Lonmin in 2019 and was previously involved with a section of Munni Munni region 20 years ago) or World's largest platinum producer Anglo American?

My money is on Anglo American.

China is not and will not support Russia militarily. Fact.
Hu Global Times (mouthpiece of CCP):
https://twitter.com/globaltimesnews/status/1630942928494542848

However, in as I mentioned before Munni Munni which is now a globally significant PGM deposit with access to infrastructure, grid power, skilled workforce, port & airport and Mining Lease, whole region consolidated & 100% owned and ready for rapid development, will become more significant.

As an investor it's important to read UFO's strategy:
"This will allow the company to develop multiple income streams, spread across multiple commodities, protecting it against price fluctuations in a single commodity and thus providing a relatively stable and constant revenue."
https://www.alienmetals.uk/about/

Additionally, the credit rating agency has raised growth projections for Mexico, Brazil, Russia, Saudi Arabia and Türkiye.

Moody's also expects an eventual letup in monetary policy tightening by the US Fed.

Moody's Investors Service recently shifted its forecast for China's real GDP growth to 5 percent for both 2023 and 2024:
https://twitter.com/ChinaDaily/status/1631200241566511105

Moody's also raise India's growth forecast to 5.5% in 2023 & 6.5% for 2024

They will need a lot more Iron Ore, but supply is constraint.
= Higher Iron Ore prices.

Hanc0ck will be a Cash Machine

Good morning, iron ore futures rose by US$1.05 or 0.8% to US$126.80:
https://twitter.com/CommSec/status/1631027268918337536

Good morning, iron ore futures rose by US$1.05 or 0.8% to US$126.80:
https://twitter.com/CommSec/status/1631027268918337536

Good morning, iron ore futures rose by US$1.05 or 0.8% to US$126.80:
https://twitter.com/CommSec/status/1631027268918337536

Good morning, iron ore futures rose by US$1.05 or 0.8% to US$126.80:
https://twitter.com/CommSec/status/1631027268918337536

Sibanye says power cuts could lower S.Africa's PGM output 15%:
https://www.reuters.com/world/africa/safrican-miner-sibanye-stillwater-reports-49-fall-annual-profit-2023-02-28/

Australia will be the Western Worlds source of critical PGMs and UFO 100% owns 1 of Australia's largest deposits all consolidated with access to infrastructure, grid power, skilled workforce, port/airport & Mining Lease.

No worries Uforus. I don't have any concerns. As Rod said:
"We are now moving towards a positive news flow footing.
We are in the midst of negotiations to get all of this settled. And we are in a jurisdiction that is fully geared up for the exploitation of these resources and actively promotes their development.
There are no headwinds that I see and the team sees.
I see this stock as being extraordinarily undervalued and I’m happy to put my money where my mouth is!"

Very exciting time for the company.

Iron ore jumps on China data, bullish steel demand outlook
https://www.nasdaq.com/articles/iron-ore-jumps-on-china-data-bullish-steel-demand-outlook

1. Bill stated in presentation that the Hamersley tenements originally went to ballot and RIO, BHP & FMG also all put their name in the hat. In WA when more than one company applies for a tenement, it goes to ballot.
Also we are at the very early stage of the metals supercycle. We are only just starting to see some M&A activity.

2. Anglo American providing $15M. UFO need to provide $5M (£4M). Once hedge is in place with the deal, a loan is a no brainer.
Or you can look at Fenix. They announced Mining Proposal Approved, Native Title and Equity Raise for the project all in August 2020 which caused their SP to double. Then doubled again from there as they started production. Then doubled again.

3. UFO’s Resources are based on independent lab assay results.
The great thing with Iron Ore on ridges, is that it is easy to see and surface sample the outcropping.

4. Previous Heritage work was done on Hanc0ck and found no issues. They are currently in negotiations to get it all settled.
Rod & Management team see no headwinds.

Good morning, iron ore futures US$125.75:
https://twitter.com/CommSec/status/1630643920114954240

Good morning, iron ore futures US$125.75:
https://twitter.com/CommSec/status/1630643920114954240