Member Info for Max111

I agree smiller, it's important to ask questions and delve deeper. But people should back up their claims.
Starbright said:
“Meanwhile our chairman IS a director of Wombat, so potentially has a financial interest. I find this uncomfortable.”

I questioned, "How do you know if he is currently a director of Wombat?"
Then he basically admits he doesn't know.

Then Starbright said, "Wombat Resources Pty Ltd appears to be 100% owned by Sorrento Resources PTY Ltd."
I asked for link to prove this since I was not aware. No link given.
Then he admits, "If those links are all in the past, and there are no conflicts of interest then there is no cause for concern."

Great, what a waste of time.

Getting more & more creative Goingtomoonufo :)))
Well done.

I love the chicken digging for silver. Lol :)

Interestingly RNS 29/10/20 stated:
"Importantly, the main exploration work being carried out by Rio Tinto directly south of the tenement is on the Canga and CID units further to their development of the major Caliwingina project already in production to the south in the same units."

It's the same company that our Resource Geologist Howard Baker used to work for who is guiding us and was involved in picking Hamersley ;)

"Undertook the Mineral Resource Estimation of the Marandoo, Brockman 2, Brockman 4 and Section 17 iron ore deposits and the production reconciliation of the Pilbara assets."
https://uk.linkedin.com/in/howard-baker-4b9b2013

The company that is mentioned in this video @37 secs?

https://www.youtube.com/watch?v=u_HS79CcXHE

Very true Nap.

As I posted before:
Bill and the BOD have been pulling some blinders.
Eg they acquired Elizabeth Hill, then they get the 117km Munni Munni extension.
Now looking to acquire the tailings to fund exploration.
They acquired 51% of Hamersley then when it proves to have significant DSO they move to increase the interest to 90%, which makes us a big player in the junior Iron Ore mining world.

As Bill said in the webinar last year, "Yes we are a junior, one day hopefully we will be a mid-tier or maybe even a major, everyone has to start somewhere."

The pieces of the puzzle are starting to come together.

This is when Bill and the BOD's contacts & connections bring success.

@startbright, do you have a link to show
Wombat Resources Pty Ltd appears to be 100% owned by Sorrento Resources PTY Ltd.

“The Sorrento Resources owns one of the largest private tenement interests in Australia with exploration ground covering over 3,000km2.”

This is why IMO I see massive potential for UFO, once we make a success of our DSO.

@starbright, It’s good to ask questions, but not good to spread false rumours such as what you posted earlier:

“Meanwhile our chairman is a director of Wombat, so potentially has a financial interest.
I find this uncomfortable.”

How do you know if he is currently a director of Wombat?
He was in 2018.

It also explains why Bill said in today's RNS:
"We have been aware of the potential of the historic silver tailings at Elizabeth Hill for some time."

Yes StarBright, I think Dan used to be director of Wombat. He has his fingers in many pies!
Paul pointed this out earlier.

But goes to show why Bill has always been very confident a deal will be made.
There is a significant amount of money to be made, just need to make a win-win deal.

I still can't believe you can buy UFO cheaper than what the non-exec director paid @1.25p/share (which he bought 2 weeks after we started drilling Hamersley).

No sells and I can only get quotes to buy £1,100.
MMs need to put up the price!! haha

NT to buy!

There is 16,000 tonnes of tailings.

"With the continued strength in the silver price, currently around $28 USD/Oz, we see potential for the project to be a
significant source of income.” :)))))))

https://www.rns-pdf.londonstockexchange.com/rns/8044Z_1-2021-5-25.pdf

Silver always have a big effect on UFO. I was expecting the usual smackdown for COMEX options expiry today. But I think the bullion banks game is almost up.
#silversqueeze!!

Plus now they need to calculate our 90% interest (rather than 51%).
Plus they said they will adjust for the higher Iron Ore price.