Member Info for Max111

https://www.londonstockexchange.com/news-article/UFO/investor-webinar/15161218

The thing that gives me the feeling that EH will be very interesting indeed is that on the 24th August there was an RNS titled, "Preparations begin for Phase 3 Han**** drilling" but since then they have decided to keep the Exploration Manager at EH.

On 9th Sept there was an RNS titled, "Update on Elizabeth Hill Silver Project drilling" explaining that they are staying at EH and finalising a new follow up RC + diamond tails drill programme.

Makes you wonder why they would suddenly delay in obtaining a second standalone minable JORC at the Western Ridges in favour of follow up programme in the surrounding area of the orebody at EH.
I guess all will be revealed with the next batch of XRF results.

Yes and we are now going into a strong PM season.
SILJ is the lowest it's been over the past year, but now likely to make a significant bullish move (otherwise there will be no silver available for solar plans, EV's, tech devices etc.). It can only be manipulated for so long when there is already a global silver shortage.
Unlike other silver juniors on SILJ exploring for silver, UFO actually has a JORC resource of which only 1/4 was mined and is now proving to be part of a much larger system.

Boris Johnson to use conference speech to reveal that ALL of the UK’s electricity will come from green sources by 2035
https://www.dailymail.co.uk/news/article-10055755/Boris-Johnson-speech-reveal-UK-electricity-come-green-sources-2035.html

They are going to need a lot of silver for the solar farms and iron ore for the wind turbines.
Plus need to add Biden's plan of solar rising from 3% of electricity generation in 2020 to 40% by 2035.

Chris2, no one was debating the price of Iron Ore by toward the end of the year. That's not when we will be selling.

But what makes you think there will be any significant drop in the price of Iron Ore when China is undertaking the largest construction project in the world that will be going on 24/7 until 2035:
https://www.youtube.com/watch?v=qqfoa98yQN4&list=WL (It wall also be powered by 100% solar & wind).

Also China's mission is to establish cities like Xiong'an all over China!

Plus we have DSO which is the most efficient & least polluting to convert into steel, which is what the Chinese are after.

Plus the middle class in across Asia is expected to increase from 2Billion to 3.5Billion by 2030:
https://www.weforum.org/agenda/2020/07/the-rise-of-the-asian-middle-class

Plus US is planning a $1 Trillion Infrastructure Bill.
Plus the EU is also planning their own Belt & Road Initiative!

The demand for Iron Ore will be insatiable.

Plus have to consider that 70% of Iron Ore is produced by the 4 top producers who haven't meaningfully invested in future production since 2011!
And what makes you think we wont sell our Maiden high-grade iron ore resource in excess of 10Mt to a major?

The Interim Results RNS stated:
"Where preliminary studies evidence sufficient mineralisation, increasingly comprehensive studies will be undertaken with a view to delineating a compliant mineral resource estimate in readiness of potential sale of the asset to a producing mining company, at which time a significant premium over its acquisition and development cost may be justified."

Chris2 you have been claiming all year that UFO is a cash cow for the directors, but the Interim Results have proved you wrong.

Try to get your limit buy order filled in an honest way instead of making libellous accusations. Bye for now.

Someone loading up on shares and I'm getting NT to buy 1M.

Core inflation released today at 1:30pm plus other data. Hopefully a good day for silver :)

Good to see silver head back up and good to get reconfirmation in today's RNS about Elizabeth Hill:
"The drilling has so far confirmed the Company's geological interpretation that the original Elizabeth Hill silver deposit appears to be associated with a much larger polymetallic mineralised system. This programme is ongoing but to date has been very encouraging."

Oh yes Arkonite. We have $3.7 Million cash in the bank!
As we have been saying, no need for placing.
Goes to show how cost effective they have been.
Great job BOD :)

https://www.londonstockexchange.com/news-article/UFO/interim-results/15155968

@myavian. You were wrong when you said the rise a couple weeks ago was due to an imminent placing. As I explained to you, there is no need or logic for a placing at this SP.
You were also wrong last year before the significant rerate and every other time the SP makes a move up.

There are actually very few invested shareholders on this BB.
The reason why the traders such as myavian & Chris2 are upset with me is because they have dumped their shares hoping to bye back cheaper, but mis timed it again.
Now they have to buy back at higher price. Lol!

@Peanutty. You are back with your deramping I see.
Over 3 weeks ago you said, “I have a feeling this share is going to get absolutely murdered next week. I hope I'm wrong but see a 0.45 coming” because of the large sales at end of day.
I explained to you it was a trader trying to break the 78.6% Fibo Retrace by trying to push down the SP at the close over a period of a week (why else would they dump shares at the close rather than spaced out), but they got caught out by the unexpected news from EH.
Then we had the Maiden iron ore resource in excess of 10Mt.

You say, “Elizabeth hill imo at the moment is worth zero.” You obviously haven’t done any research. EH has a JORC resource of which only ¼ was mined.

Then you say, “they released very good xrf results from donovon 2”. No they didn’t. There were only IP surveys and rock samples. No XRF from drilling.
And now they are about to use the same technique that Tech Resources used to find their copper deposit next door.

Also just Hamersley on it’s own has an upside valuation of 10p if you use an aggressive 60% discount factor.
As an investor, you have to make your own determination on the exploration target that will be converted into JORC. The company have proven highly competent at hunting the Iron Ore beds, and the targets will now be increased upwards.

Then need to add EH's valuation that is proving to also have high grade coper & nickel and being part of a much larger system!

Good luck trying to buy cheaper though. Bye for now.

Whoever bought 7.5M shares at 0.86p (10% over ask at the time when the metals were getting pummelled and the metals bulls were hiding under a rock) is expecting a decent rise.
I have been getting quotes to sell 5M shares in one go all week (which is rare).
Looking forward to finding out what they are discovering at Elizabeth Hill with the next lot of XRF results.
GLA Aliens.

They are going to need a lot of silver to meet Biden's plan of solar rising from 3% of generation in 2020 to 40% by 2035 before ultimately hitting 45% by 2050.
https://www.cnbc.com/2021/09/08/white-house-solar-should-be-nearly-half-of-electricity-supply-by-2050.html

China is in strong competition. It set up the world's largest solar plant last year
https://www.youtube.com/watch?v=Ez_poNL-spE&list=WL&index=4

And has been using solar to replace the traditional external wall facing material for buildings.
https://www.youtube.com/watch?v=_dNHcpelFoo

Got to wonder where the silver will come from!

Chris2, answer my questions. Or is that you that just bought x2 1M+ shares?

@Chris2, I can currently get the following sell quotes: 1M = 0.785p. 5M = 0.755p.

Now answer my questions.

@Chris2. FYI, I can' now get quotes to sell 5M shares in one go.
But as I told you before, I might possibly think about selling a few to you at 7p. Buy for now.

Chris2, I'm interested in the SP because I am a shareholder and I believe it's incredibly undervalued.

But you still haven't answered my questions?
1. What interest do you have in UFO?
2. What price are you going to buy back in at?

Now a 2M buy showing whilst I still can't get quotes to buy 1M shares. Someone definitely loading up. Looking good :)

I think that person has been busy loading up this morning! lol.
I can now see x2 1M buys and x2 1/2M buys (all whilst I've been getting NT to buy 1M shares all morning).

Hi DRB. Turner Pope was suggesting an "EBITDA in excess of US$40/t each year based on current ore prices according to industry watchers."
https://mcusercontent.com/d9ebd7c1aa0f3dbc5fab42eca/files/504c6d43-8e6a-49cc-d46f-c1af16495ce8/AlienMetals_22_9_2021_FINAL_BG.01.pdf

As Bill stated in the article, from very initial high level scoping study review work they are very confident of the economics of the project and having a low breakeven.
The high-grade DSO is literally just sitting there on the surface and we are only just scratching the surface at the moment.
This is why Bill previously said, "Yes we are a junior, one day hopefully we will be a mid-tier or maybe even a major, everyone has to start somewhere."