Member Info for Nicubias

Slimy Rich

Slimy Rich.

If I were you, I'd completely ignore most broker reports (especially London Canaccord).

CAML is very well positioned, two low cost mines with c.10-yr lives and strong balance sheet. So the company has no need for Canaccord's services...hence the negative comments.

CAML have mentioned a number of times that it is looking for new growth opportunities...given current state of equity markets, there must be some bargains out there for CAML.

Because it demonstrates what a cretin Anderson is.

This got posted on ADVFN

https://www.londonstockexchange.com/news-article/AYM/notification-of-major-holding-s/16095513

Max, have you asked the company why the KNAC decision has been delayed ? Perhaps you should ask the advisor, who I notice is now being referred to as 'Slimy Rich' on ADVFN (which is quite funny). Has the Company done something wrong in the past and now in the sin bin ?

sounds like you've been fed **** by shemesian

The Nomad should also be hauled over the coals for their involvement with this joke of a company.

One would have to query whether they've known what's going on in the background with Shemesian, KNAC and all the directors leaving.

Can't give an update on knac because UFO have been slapped on the wrists for being naughty...

I'm using panamax not cape.

There will be dilution so happy to use 60%.

Given such bad history of resource estimates by UFO, not giving any benefit of doubt on increasing reserve.

Sirius options very limited by proximity to MinRes tenement.

Two options - pay £24k for a Bloomberg terminal or develop some contacts in the broking space.

Oh dear...someone still doesn't understand how iron ore prices work.

Once again, the iron ore price in the screen is for a benchmark 62% Fe CFR delivered to China. Therefore, for an FOB price, you have to deduct the CIF costs from your port to China.

CJ - please cut and paste this so I don't have to keep repeating it.

Broker consensus long term Iron ore price is $62/t.

Ouch.

Not so sure about that...

Iron ore price just under $100/t - deduct $60/t opex, $7/t grade discount, $12/t CIF and around $15/t for capex and there's not a lot left over...$6/t

Reserves of less than 2Mt.

2Mt x $6/t = $12m

PI's are finally realising that the company's advisor is taking everyone for a fool.

This thing could go plenty lower yet - especially as it still needs to raise money - the 'loan' from the advisor is not enough to pay for the Christmas party, let alone a DFS.

Maybe he's out there trying to sell the iron ore to Fenix and the Munni Munni project to Future Metals - that's one of his as well.

Such a bulls..t artist. Can't even Google properly.

Hahaha...you had a 50/50 chance there and you got it wrong.

FOB destination, the seller pays the shipment cost and fees until the items reach their destination, such as the buyer's location.

If you think UFO has the internal infrastructure and desire to pay the shipment cost and fees until the product reaches its destination then you really are dumber than your posts sound.

What do you think the benchmark pricing assumes ?

Hopefully he's not basing any decisions on your posts. It's bad enough that he's having to listen to the company's shareholder Shmazian.