Member Info for Steveiom

The risk reward here for shorting [not even sure if that's possible here] is miniscule in comparison to holding. I don't object to shorting if you believe a share is going to crash of its own doing but can't see it happening here.

Very encouraging news at last. Numbers are much better than tweets so big credit to the team for releasing what they have to date. Looks like this is going to be a very thorough drill program with extremely decent iron ore resources proving the significant value of this resource. Is this the big FOR SALE sign in due course.

21st Jan RNS
Maiden drilling program to validate recently announced exploration targets in Han**** Iron Ore Project will consist of:

Minimum of 3,000m grid-based shallow RC drilling across priority targets

Planned new drill line on Sirius Extension prospect

At least four target areas to test

Assay results from sampling expected late February 2021

No delays then Prospector?

Not sure what to make of that article, so they're saying 6 months for inferred resource guide for Han yet we were meant to get assay results back end of Feb. Is that a coded way to say the RNS saying assay results back by end of Feb is null and void, is it saying six more months before Han news or is some place in the middle. I just hope BBG doesn't end up a twit because of his tweets in the same way Vlad the Mad has at Hemo and to some extent Alessandro with SYME although the SYME boss has learned that less is more. Time will tell but the clock is ticking.

Got to love the respect for differences of opinion on this board, the majority are holders even though we may see things differently at times we're all in here to make a few quid as the common goal. I do personally believe that if we don't get EH news within the next week that the SP will drift down by as much as 20/30% which to me is just another top up opportunity. You do have to account for sentiment as well as factual information and unfortunately the sentiment is quickly leaving the room. Hopefully all their boots on the ground are kicking more than sand and dust. GLA

Yes iron ore is the one I'm interested in, silver play is a bonus and a distraction, to be honest I personally don't think a deal is done on EH and they're probably holding out on releasing that news so they can bury it in good iron ore news. Just a thought.

Serious question even if the price of iron ore continues to fly or even holds the current position, why would anyone invest in Alien without confirmation of the amount and commercial viability of extracting the ore. Have some members of this board been given assay results already, have some received inside info? As I see it all we have at the moment is hope. Until official price sensitive news drops to confirm numbers Alien can tweet away 24/7 they mean nothing to the majority of holders, we all know what counts and it isn't a tweet.

All I will say Haddock is that if that is the case whoever writes their rns announcements should be more savvy with putting time-frames in. Same with the one about assay results back by end of February. There are far better ways to word them, I'd rather not have a timeframe and then be pleasantly surprised. So I'd respectfully disagree, if they felt it necessary to put in there was a 60 day exclusivity agreement they should out of courtesy to shareholders provide an update on that over the next few days IMHO. I think the market will reflect sentiment if there isn't an update shortly. Just an opinion but we'll soon see if it's right or wrong when we check the SP next week.

So if we are going from the 10th March rns for the Elizabeth exclusivity agreement there's not long to wait to see if terms have been agreed to dig that silver up. Good news or bad it has to drop this week or early next week.

Unfortunately the market isn't as patient as some on this board. No news over the coming weeks and it looks like we'll be back at 1p and that's not deramping it's looking like sentiment on its own can't maintain this level unfortunately.

Max if silver hits $30 that would be awesome, but when will we know exactly how much we've got and whether it's commercially viable to get it out of the ground. What's the first news to drop, silver quantity at Elizabeth or Iron Ore numbers.

LOL fun an games today again, that's some spread to start the week.

Never read such rubbish. Whatever you read on Motley Fool take it with a pinch of salt. Are they getting paid to pump shares? https://www.fool.com.au/2021/05/03/asx-miners-set-for-tough-start-even-as-commodity-premiums-hit-a-14-year-high/

So we've got some guessing going on with no price change and just over 2p so far which is fair enough so there's a few holders who believe there's no RNS with numbers coming over the next 4 weeks. Personally I can't see us holding this support level without numbers and assay results dropping, might be wrong but I just think we've seen support recently because of the anticipation of figures being imminent. Then again if the numbers drop and they're top end for iron ore or the extraction of silver from the tailings is mega commercial, then that 2p prediction will be left for dust. Only a guess but no news and we're back to .98 ish, big news and we're 3.5 ish. GLA

Well said Mr Haddock, UFO have certainly become more active recently on twitter ect but just the CEO of SYME and HEMO have been pulled up on their own perhaps over positive tweets I don't read anything into them. Silver could hit $100 an ounce but it would mean nothing until we get numbers assay results in an RNS.

Is that spread correct? If it is I doubt whether there'll be many takers today. Crazy spread.

Wowser what a whopping divi pay out. How nice it would be one day in the not so distant future to hear news like this as a UFO shareholder. A huge 1.35 billion aussie dollar pay out. We can live in hope :)
https://www.afr.com/companies/mining/gina-soothes-steelmakers-iron-ore-pain-with-huge-roy-hill-dividend-20210428-p57n5b

Max SP above 2.5p in a couple of months on charts and breakouts so what happens if we get some assay results on iron ore quantity, where we going to get to then? Or are we not expecting any results now over the next couple of months? Hopefully with all the news flooding out of Oz we might actually get a lift up.

Nice to see LSE, Google and Yahoo Finance all showing exactly the same % drop that makes a nice change that they all agree on down 4.76%

With the demand for iron ore not letting up it's interesting to see not a million miles from Hanc#ck the appetite for JV's on decent projects is still in high demand. Interesting news snippet for anyone invested in UFO. Who knows what's on the cards in the not so distant future
https://smallcaps.com.au/minres-brockman-mining-iron-ore-begin-jv-development/