Member Info for Max111

If you have anything positive or negative to post, just post it.

Please don't clog up this BB with junk. TIA.

I like to read everyone's post, but had to report the person last night since he made a libellous allegation about someone being a liar without providing any fact.
Anyone that has read Naps posts for the since last year will know he is genuine and honest.
Lets stick to research on this BB and keep it fun.

Good to have you back on the BB, BB :)
They normally upload the interview in the afternoons after they have done the editing.

@5x5Croire, FMG have always been mentioned as one of our neighbours in the Company Presentation.

Also UFO tweeted about FMG signing a multi-billion dollar Iron Ore order with the Chinese last year (which got me very excited!).

Oh yes 944T, I completely forgot that Bill should be doing an interview with Share Talk today.

It won't be with Zak since FreddyFIB rightly mentioned Zak has moved to V ox Markets now.

IMO, today's RNS will prove to be the most important since we first purchased 51% of Hammersley.
The potential upside with DSO for a junior miner is unrivalled.

Interestingly Bill's Company Update RNS issued on 16/10/20 to justify the huge move up last October and prevent a speeding ticket stated:

"The Company has also commenced discussions to increase the Company's current interest of 51% in the key Hamersley tenements."

Acquiring an 80% stake in Windfield was a very clever way of doing it. The penny will eventually drop! Well done to the BOD :))))

Yes HH, especially when 40% of all dollars have been printed in just last 12 months! And they will have to keep printing!
But one step at a time ;)

Alien Metals to lift interest in Hamersley Iron Ore DSO Project above 90%
https://www.proactiveinvestors.co.uk/companies/news/950058/alien-metals-to-lift-interest-in-hamersley-iron-ore-dso-project-above-90-950058.html

"Under a share sale agreement, Alien will acquire an 80% interest in Windfield and so take its direct and indirect holding in the project to 90.2%."

Also Turner Pope keep stating they used an aggressive 60% discount factor on Hamersley, when in actual fact they used a super aggressive 80% discount factor in their calculation!
Plus they didn't use the high-case tonnage they stated of 245M tonnes (which they previously stated might have to be revised upwards). They only used 150M tonnes for the upside valuation.

Therefore, imputing the correct figures gives a valuation for Hamersley of £392M:
245,000,000 x 0.5 Fe = 122,500,000
x£8/t = £980,000,000
x0.4 (to discount 60%) = £392,000,000
x0.90 (our share – 10% Windfield) = £352,800,000

And when they reduce the discount factor from 60% to say 40%, that will give a valuation of Hamersley of £529M

And that is only valuing our Iron Ore at only £4.8/tonne in the ground!!

The calculation needs to reflect the increase in price of Iron Ore from last calculation (34% higher now).

Then when you add a JV, or mining the DSO ourselves, the upside is just incredible!!!

Today's news is huge. If anyone hasn't read this morning's research note, you must read it. Great info.

"Hamersley dominated these, contributing some £61.2 million of the total; the successful completion of today’s transaction can therefore be expected to boost shareholder interests quite significantly."

https://mcusercontent.com/d9ebd7c1aa0f3dbc5fab42eca/files/c1db6663-d654-03b2-3769-ef395bf05f3f/AlienMetals_20_5_2021_FINAL_BG.pdf

I hope you kept the previous 2M shares you bought StarBright, I'm getting NT to buy 1M+ shares at the moment.

Looking forward to the remaining 39 Hamersley drill hole assay results expected this month!

1.3p to buy :)

Windfield have never sold 1 UFO share and have always been very supportive of the BOD.

I missed this 2nd RNS, I was focused on reading the Financial Results lol.

This is awesome. I always wished we could increase our Hamersley stake.

"We feel this Acquisition is highly value accretive for the Company and will deliver significant value for shareholders."

Financial Results for Year Ended 31 December 2020
https://www.londonstockexchange.com/news-article/UFO/financial-results-for-year-ended-31-december-2020/14984247

Bill should be doing an interview tomorrow with Zak @ ShareTalk
https://twitter.com/ShareTalkNews/status/1395016417553133574

Lately Bill has been doing interviews after every RNS release.
Therefore, good probability of getting an RNS tomorrow ;)

It's days like today you find out who's been swimming naked.

Climate change: Ban new gas boilers from 2025 to reach net-zero
https://www.bbc.co.uk/news/science-environment-57149059

"The IEA says that from now, there is no place for new coal, oil or gas exploration or supplies."

"To meet this challenge the world will need to install four times the amount of wind and solar energy than it did in 2020.
This equates to adding a massive solar park every day over the next nine years."