Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Thanks @PP, read and considered your argument, and taken a starter position this morning.
This is speculation at its most extreme.
Indeed. @AD
More excited to see our company profile raised, and a few new long holders getting a fantastic entry from their visit to the Australian High commission.
News comes when there’s something official to say, doubt the could hold back RNS like JV, CEO appointment, or exploration updates to coincide with a marketing initiative.
@Portfolio Power
Thank you for posting the WHI research. Reading it now.
I used to have one of these for Alien at 2.7 but have since lost it.
Do you hold much value in these broker notes?
Https://kingworldnews.com/michael-oliver-the-mania-in-the-silver-market-is-directly-in-front-of-us/
SILVER is an Eastern Bought Powder Keg Readying to Blow
https://www.youtube.com/watch?v=lGkArVbSAPw
Hold Jupiter Gold & Silver fund also.
Dumped all my developers, that were not fully financed and permitted last year when banking crisis happened, thinking raising finance would get harder.
https://seekingalpha.com/article/4613898-discovery-silver-silver-project-in-mexico-advancing-long-term-story
SILVER is an Eastern Bought Powder Keg Readying to Blow
https://www.youtube.com/watch?v=lGkArVbSAPw
We could be six months from AIM stardom. ⭐️
Throw us a bone 🍖 guys.
What were you up to at PH ( MM and EH) ❓
https://kingworldnews.com/michael-oliver-the-mania-in-the-silver-market-is-directly-in-front-of-us/
Would have preferred to do it ourselves with offtake and funding, but JV partners like FMG may want our higher grade reserves.
https://www.fool.com.au/2024/04/26/buy-one-sell-the-other-goldmans-verdict-on-these-2-asx-200-mining-shares/
Yes Max, China plan years in advance.
They even vertical integrate.
https://www.miningweekly.com/print-version/western-range-iron-ore-project-australia-update-2024-04-26
Beautiful CJ.
https://fred.stlouisfed.org/series/PIORECRUSDM
Bothered….
https://www.londonstockexchange.com/news-article/AAL/rejection-of-bhp-proposal/16441905
Not really worried either way, it is what it is.
Alien Metals could be a marginal producer with low capex and high production cost, reasonable annual tonnage, decent mine life, with plenty of room to grow the resource. Fabulous infrastructure and great jurisdiction, in a commodity that will be in high demand for decades with build out of the words move to electrification. This means we have huge operational leverage, and will boom and bust with iron ore price, giving volatility to the share price.
OR
We JV and have done with all the worry, take our cut for all the hard work over the last 5 years (often it takes 10), all the stresses just go away, and we crack on as a revenue and cash flow generating company and develop the rest of JV our critical and battery metals portfolio.
Not trying to talk anyone into buying or holding here, as in the main what any of us say, won’t affect the success or failure of my investment. I’m only here the sentiment and community camaraderie.
Good evening one and all.
Well said Smiller.
https://stockhead.com.au/resources/bulk-buys-how-iron-ore-junior-fenix-resources-sees-a-pathway-to-a-long-term-future/
DEMAND
Those with lower grades may want higher grades to blend.
What about Fortescue's low grade iron ore?
The bad news for Fortescue is that the broker believes that the discount will widen on its low grade iron ore in the coming years.
And given how much the miner is planning to spend on its decarbonisation plans, this could have consequences for its free cash flow and ultimately its dividends.
Goldman expects Fortescue's discount to the benchmark price to be 89% in 2024, 86% in 2025, and 83% in 2026 and 2027.
PRICE
FE62% regulates and fluctuates between a range through supply and demand.
https://markets.ft.com/data/commodities/tearsheet/summary?c=Iron%20ore
AUD/FE divergence
https://en.macromicro.me/charts/215/aud-iron-ore
Higher highs and higher lows in Global Iron Ore price.
https://fred.stlouisfed.org/series/PIORECRUSDM
MACRO ENVIRONMENT
Commodity prices and stagflation empirical study.
Our analysis suggests that the individual stagflationary effects of commodity prices and the dollar on non-commodity export-dependent economies have compounded each other over this period as the two variables increased in tandem. This was a break from the historical pattern, when commodity prices and dollar used to move in opposite directions, so that their individual effects on stagflation risk tended to offset each other.
https://www.bis.org/publ/qtrpdf/r_qt2303f.htm
FOB, C1, AISC
Old FMG study from 2015 says 12% of their cost comes from Oil price.
https://fiig.com.au/research-and-education/fiig-research-news-item/2016/11/23/fortescue---explaining-the-various-cost-and-price-metrics
C1 $20+ in 2021.
https://www.australianresourcesandinvestment.com.au/2021/10/29/fortescue-consolidates-costs-as-iron-ore-shipments-peak/
Alwyn said we can make money above $85! I believe the current average Iron ore price fluctuates could be $100. I believe JV partner will mine the ore much cheaper than our AISC. I believe JV partners will drive a hard bargain, but the Ore will get mined and Alien Metals will be transformed from a loss making business that dilutes about £2m per annum to a revenue and cash flow generating business. I have nothing more hopeful I can say than that and I have no idea what the share price will be.
AA still in the running then?
https://www.zerohedge.com/commodities/bhp-proposes-39-billion-takeover-over-anglo-form-copper-mining-giant
why would a larger iron ore producer with fob costs of nearer $20, spend the $85 in our development study?,
surely they would jv and use their own cheaper contracts, or renegotiate due to economies of scale.
they surely would also not spend the semi variable and fixed costs that small operators need to spend.
i would imagine the jv partner who benefits the most from our road construction would offer the best jv terms, and we would have the most leverage over i.e. no capex funding, no road.
bhp group limited
anglo american plc
fortescue metals group limited
han**** prospecting pty limited
mineral resources limited
please form an orderly queue.
guy, rob and elizabeth are just conferring with their advisory panel and iron ore specialist consultants.
we may be in touch during the early part of next week.
agreed, 👍 need to monitor likes on linked in, x retweets etc, of neighbours, financiers and advisors.
……………………………..
o considering various longer-term financing options, including continued discussions with strategic partners regarding offtake funding, debt, and equity project funding in connection with the han**** project and the pinderi hills pgm, silver and base metals project; and
o actively exploring the potential for the sale or joint venture of non-core assets providing further funding for the company.
? appointment of technical director, mr. rob mosig, to the board as a non-executive director, who brings significant expertise in exploration, development, and strategic partnering, whilst having direct experience on the company's pgm and base metals project in the west pilbara. following rob's appointment, mr. alwyn vorster has stepped down from the board to focus on his other directorships and business commitments. alwyn will continue to assist alien metals as an advisor to the board on the han**** project development.
? 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), which transformed from an iron ore explorer to a producer within 18 months.
? an advisory board is to be established, consisting of technical and mining industry experts to guide the company on the various strategic options currently available to alien metals for the financing and/or development of its key assets.
? the project and technical team will continue to focus on the han**** project, progressing exploration to increase the resources and reserves as set out in the development study on (aim: 8 february 2024). the study demonstrated strong economic returns from the han**** project, as outlined below.
……………………….
hopefully news before the london event next week.
Sorry Max, I was replying to Smiller, and saw your post after I’d finished……what he said 👇