Member Info for MisterPositive

Agree. Company is currently focused on EH silver deposit and Hanc0ck and rightly so in terms of priority.

Yes, Fortescue man now on board driving things forward at UFO.

Could follow similar pattern like GGP, when Newcrest man joined GGP Board and then within few months NEWCREST came in as JV partner at Havieron. ....hmmm

Xattax
Excellent point. Good cash position gives you lot of negotiation power in discussions with others.

Could we have already received a low ball offer from RIO or BHP ???

Speculation at this stage but very much possible especially after the strong results of Hanc0ck scoping study.

Yes +6m cash is very good.

Costs at Hanc0ck are low, so Company is now in a much stronger position.

I know we dont talk much about Greenland where Alien Metals got over 208 km2 exploration license in northern Greenland, surrounding the world class Citronen zinc-lead project owned by Ironbark Zinc Limited (ASX:IBG) (Ironbark).

The Citronen project is believed to be one of the world’s largest undeveloped zinc-lead projects, with a JORC resource of 131.1 million tonnes @ 4.5% Zn + Pb (for 13 billion pounds of contained zinc and lead metal) (Ironbark ASX Announcement 12th March 2020).

Zinc prices have gone up considerably sitting around $3,300/tonne.

RIO, BHP, Fortescue - all grew over time from their initial deposits and further discoveries raising funds along the way also.

Also our 50% partner in South Africa - "New Age African Global Energy" has engaged ENVIO to look for new Farm In partner for South Africa licence.

So lot of news to look forward to ahead. Best to sit tight or Buy the dips.

No need to contact anybody mate.

Just wait for news. Almost there.

Same pattern. MMs trying to grab some cheapies.

Added few more myself. Missed the bottom but happy.

Good to secure £3.5m now.

We sitting on potentially well over $1b worth of resource at Hanc0ck.

Actual resource at Hanc0ck potentially more than 5 x the 10.4 Million tonnes currently.

Some placings are positive to advance the project and to grow the resource. RIO, BHP, Fortescue all surround us and will be keeping an eye on size of Hanc0ck.

This should be back over 1p soon.

Elizabeth Hill assays due next.

Looking strong.

Drop from 3p was clearly overdone.

Bought a few here today. News could be close.

5m Buy was not me....wish i had the spare cash.
They should indeed do very well from here.

65p blimey !!!

Did not know first what was going on....LoL
Then read back last 2 pages and noticed the FT analyst rating.

65p would not be out of the equation but would take bit longer. I think 25p in a year or two is doable given Hanc0ck potentially could be sitting on lot more than just initially 10.4MT.

Without using Discount factors for next 10 years to get NPV10 figure for Hanc0ck and using below figures as fixed estimates. Actuals could be higher or lower.

Iron ore price $120/t
CFR costs $80/t
Total resource as 50 MT (million tonnes)
Total revenue $2 Billion
Total shares 3.43 Billion
Fx rate: GBP/ USD 1.37
Price per share: 42.50 p

Above is just a rough approximation without applying discount factors for NPV10 calcs.

Yes. Could be big background Buy order MMs trying to fill for some one with Deep pockets.

They had to spook a few holders into selling earlier to grab some shares. We could have a good day tomorrow as we get ever closer each day to Farm Out approval.

I have penciled UFO as 20-25 bagger over time unless Taken Over by our Deep pocket neighbours sooner. Hanc0ck is a beauty. Those Big boys will pounce at some point.

Just have to wait on timeframes as we get next updates from: Hanc0ck and Elizabeth Hill for starters.

No medals for me mate.

Just SILVER bars (shiny ones) :-))

Now where is that Elizabeth Hill RNS ?

0.52 close is very good.

But was very difficult to buy any decent Qty on Barclays in the afternoon as if they did not have enough shares ?

News not far now.

Looks that way.

Barclays will only quote for £500 or £600 worth to Buy...anything higher and there is NO Quote...

Better hold on to your shares....tightly.

Background buyer.....News incoming ?

Managed to get a few more but only £800 worth on Barclays as cannot get bigger Qty.

Wanted to get few more and it goes to NT ?

What is going on ???

Is this in Auction ?

Cannot get a quote for even £500 on Barclays?

Close around 0.54 - 0.55 by the looks today.

News in November...not far now.

Still need to re-test 0.68 which in my view is just a matter of time en route to +1p

Even @ 1p this would be significantly undervalued

Looks like MMs picked few cheap shares with the wide spread and showing Buys as Sells...

We all used to these kind of games....

+1p is nailed on Farm out deal approval.
Due very soon.