Member Info for Max111

Iron ore futures rose US$2.96 or 2.4% to a 7-month high of US$126.33 a tonne after Vale's production miss stoked supply concerns yesterday:
https://twitter.com/CommSec/status/1620887584275861504

@myavian was that your sneaky top up of 1.9M shares after close? It's actually showing as a buy.

"Infrastructure Has A Multiplier Effect": Tata Steel CEO TV Narendran On Budget 2023:
https://www.youtube.com/watch?v=KTEeVEayMZA

Takes many years to complete the railways & highways they are planning & budgeting for.

India (surpassing China as largest population in world) only produces 240Mt of Iron Ore and will double steel consumption per person by end of decade.
= sustained long-term shortage.

TBH, I'm not bothered by exact timings. Just as long as it gets done.

We are talking 8 years Free Cash Flow going to +30!

BOD have been loading up & Iron Ore looking very strong with China & India demand. That's all the info I need.

@5x5, I think Rod got rid of TP a while back. They haven't been listed as Broker on RNSs since 24th Oct.
Also switched from Yellow Jersey PR (Financial PR) to BlytheRay (Financial PR).

Rod did say he was going to cut a lot of fat.
Not many Tweets since the switch, but that's fine, we can get the word out other ways. Prefer money to be spent on getting over US$1bn DSO into production asap.

The current edition of the JORC Code is referred to as 2012.

That's what UFO mean by "2012 JORC confirmed resource". FFS!!

Well spotted norm.

Simple dig & ship DSO starter mine being developed by Mining Plus which developed Fenix. Explorer to Producer in no time with cash to unlock EH Australia's highest-grade silver & MM - 1 of Australia's largest PGM.
Nothing like this on AIM.

@HH what are you on about. It is a "2012 JORC confirmed resource"
Did you miss the announcement?
https://www.londonstockexchange.com/news-article/UFO/maiden-iron-ore-resource-in-excess-of-10mt/15143878

It was IOCA's new CEO Troy Whittaker who has set out the Hanc0ck Project Timelines
https://www.alienmetals.uk/wp-content/uploads/2301-IOCA-Focus-Rev-C-2.pdf

Troy has 20+ years project development and operation experience and was involved as a key executive in developing FMG’s T155 and magnetite mine projects. He has held senior leadership roles in Fortescue Metals Group Ltd and Anglo-American UK.

I trust he will deliver.

However, don't need to start production to re-rate towards fair value.
And it's not just about Hanc0ck:
https://www.alienmetals.uk/

Iron ore prices could rally as one leading producer remains reluctant to share, analyst says:
https://twitter.com/CNBC/status/1620693322086977537

Iron ore prices could rally as one leading producer remains reluctant to share, analyst says:
https://twitter.com/CNBC/status/1620693322086977537

Iron ore prices could rally as one leading producer remains reluctant to share, analyst says:
https://twitter.com/CNBC/status/1620693322086977537

Iron ore prices could rally as one leading producer remains reluctant to share, analyst says:
https://twitter.com/CNBC/status/1620693322086977537

China's reopening spurs hopes of a broad economic revival, the Financial Times has reported. Traders are betting on a surge in demand for copper, iron ore:
https://twitter.com/XHNews/status/1620661416469618688

Hi Wents. Latest Interim Results stated, as at 30 June 2022 the Company had US$3.0 million cash.
Plus on 8 September 2022 UFO raised £1.5 million.
=US$4.85
And since then the only drilling they did was 12 holes at Elizabeth Hill.
So after all expenses UFO should still have over US$3M cash in the bank.

Good morning, iron ore futures rose US29 cents or 0.2% to a 7-month high of US$123.37 a tonne yesterday:
https://twitter.com/CommSec/status/1620516543749849101

Good morning, iron ore futures rose US29 cents or 0.2% to a 7-month high of US$123.37 a tonne yesterday:
https://twitter.com/CommSec/status/1620516543749849101

Good morning, iron ore futures rose US29 cents or 0.2% to a 7-month high of US$123.37 a tonne yesterday:
https://twitter.com/CommSec/status/1620516543749849101

Good morning, iron ore futures rose US29 cents or 0.2% to a 7-month high of US$123.37 a tonne yesterday:
https://twitter.com/CommSec/status/1620516543749849101

IMF raises growth forecasts as gas prices fall and China reopens
https://twitter.com/FT/status/1620234728900009984

Hi Turbo. If it's via issuing shares, the number of shares depends on the SP at the time. Eg UFO raised £4M (US$5M) in Nov 2021 by issuing 470M shares at 0.85p.
Yes, I prefer loan option which other juniors have used. Also there was an unconfirmed communication with Rod mentioning the same.
Either way just need "Deal with Anglo signed" and current SP will be a distant memory.