Member Info for Max111

Yeah nobody wants iron ore anymore. Chocolate works just as well. China is collapsing anyway. Chat to you in 2025. Bye :))

@smiller. You said you had filtered me! LOL

Obvious who is invested and who is not!

Personally I never intended to sell today.

I wouldn't want to be invested anywhere else. UFO is the next to production with DSO. Obvious both options of JV & Offtake are fully open. IOCA has the potential to be a monster of a company.

I see Hanc0ck over the line quite soon.

Then push into a 45-year cup & handle for silver.

Can't ask for a better set up.

But some people are just blind.

Pretty obvious fun & games being played. All quite entertaining though :)

"There is some more positive news in the #IronOre space, as the price has jumped 8.4% to $110.65 a ton due to China's stronger-than-anticipated stimulus measures.

#UFO #AlienMetals #CNBC #Hanc0ck #China #stimulus"

https://x.com/AlienMetals/status/1840752990111547715

First iron ore tweet in many months.

Trolls still don't understand the shift in iron ore sentiment from last weeks largest c0cktail of stimulus in many years and biggest rise in Chinese stocks since 2008!

Trolls still think China is about to collapse! LOL

Latest update on China's steel market

https://www.youtube.com/watch?v=04KEi9DDdeI

Significant rebound

Stimulus surpassed expectations

Recovery in stock & property markets

Lower interest rates

Steel inventories declining significantly

Demand for raw materials will rise

Hanc0ck DSO from surface is a cash cow business.

Fenix only had their Mining Clearance Permit approved in 15/09/2020. Then commenced site works on 21/09/2020.

Then production started on 21/12/2020.

DSO.

Further interested parties now offering UFO JV/Offtake funding.

UFO are using consultants Mining Plus which developed Fenix + "The Company has further strengthened its iron ore team with the appointment of an iron ore expert from global mining consulting firm CSA Global (now ERM). CSA Global has extensive iron ore exploration and development expertise, including significant roles with Fenix Resources Ltd (ASX: FEX)"

The Chinese have bought out all the iron ore juniors/developers they could get their hands during the past 12 month downturn.

Now with the launch of the biggest c0cktail of stimulus in many years & DCE iron ore futures up +10.71% this morning and closing at ¥821.5/$117.13t obviously UFO getting better offers.

The amount of money Hanc0ck can spin is eyewatering.

Plus Mallina should be "granted shortly". BHP have been drilling just south of it.

For the people that understand what the China stimulus means and how Billionaire investors like David Tepper are now positioning ( https://www.youtube.com/watch?v=uGeyiFj-7D4 )

then the following sentence is excellent news:

"The Company has recently received further recent non-binding proposals, and thus we are deferring the previously disclosed joint venture discussions, while we assess all options for the project's development."

IOCA has enormous potential.

@Peanutty, it was the iron ore bears that were wrong and sold out for a slice of toast. I said I was going to hold all the way and I have. I kept my word.

Iron ore juniors all moving up this week. People should be filling their boots. ATB

@myWolfy. You said China with 1.4bn people was about to collapse. When is this date? Please let me know. Has the iron ore market sentiment changes somewhat his week? x o x o x

With around 200M shares traded, we have got rid of some nagging dead wood.

Personally, I am now very bullish DSO iron ore and company strategy is back in play.

Iron ore steals the show after China pumps up the stimulus:

https://thewest.com.au/business/mining/iron-ore-steals-the-show-after-china-pumps-up-the-stimulus-copper-also-gains-c-16196342

IOCA now has the potential to be a monster of a company.

We want the best option, not the deal that was on the table when prior to this week expectation was that China & world is collapsing! Remember Nikkei was down 7% OMG! Sell everything! LOL

Capital flows coming back to sector now. $20bn rushed into iron ore miners just on the 1st day of stimulus this week.

Yes last week it was China is collapsing. Now it's buy everything China.

Of course they are going to get better offers. Hello!

Personally I'm now more bullish DSO iron ore than silver, which is saying a lot from a silver bug!

My concern was that the "shareholders" here were going to push for the deal on the table just before China just launched the most comprehensive c0cktail of stimulus.

Last week China was apparently collapsing and iron ore going to $0.

This week China just launched the biggest stimulus in many years and DCE iron ore futures now $107 and everyone now buying China.

Of course they are going to get better offers:

"The Company has recently received further recent non-binding proposals"

No brainer. Happy to wait a bit for a better deal.

Unaudited Consolidated Interim Results for the six months ended 30 June 2024

https://www.londonstockexchange.com/news-article/UFO/unaudited-consolidated-interim-results/16688023

MOST ACTIVE DALIAN IRON ORE CONTRACTS ARE UP 3.1% TO 741 YUAN/METRIC TON, THE HIGHEST SINCE SEPT 2.

https://x.com/Sino_Market/status/1839474668207575252

Billionaire investor David Tepper on China: Central bank comments 'exceeded expectations'

https://www.youtube.com/watch?v=uGeyiFj-7D4

Governor PBoC- Cut and give you more & more!

+Fiscal stimulus

Fed is easing with a few more easings coming. Europeans are lowering rates. And Chinese are lowering rates and are going to be aggressive on how they are going to do it.

"Can't be short anything in Asia. NOTHING!"

Shorters be warned.

Reminds me of what Sinter was saying regarding PBOC Liquidity & Iron Ore prices.

Lol :)