Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Agree CJ.
Everyone knows $85 can be reduced to $20, with the correct JV partner.
Possibly just a secret master plan to do with financials around Performance Payment and share sensible margins with someone nearby, that also may benefit from our road access.
I’m eager to hear next steps across all tenements, waiting on dewatering news, and whether it needs regular maintenance, if the geologists were across Pinderi Hills, they presumably were looking at accretive work programmes.
The water in an arid country can also be seen as a valuable commodity.
Reclaimed water and reuse
The scarcity and cost of water means that reclaiming and reuse are on the increase. Water is reclaimed from tailings ponds, lagoons and the downstream of minerals processing by vertical, horizontal and submersible pumps. It is treated prior to use.
Water may be a nuisance, but it is also essential for the mining process. The management of this precious resource is of critical importance. Sulzer offers a comprehensive portfolio of innovative pumps and agitators for mining applications, from lightweight and robust submersible dewatering pumps to wear-resistant high-lift centrifugal pumps for the removal of sludge, mud, silt, and water in abrasive and corrosive environments.
Think if I wasn’t heavily invested I would be buying next week, now Hanc0ck is a go!
I agree Sinter.
But we have such great potential at our other teaments to just get a revenue stream quickly beats waiting for the maximum yield from Han--k.
Number 5
A generous % to a JV partner if they fund all initail costs of set up
5. Joint Venture
On the basis we have Guy, Liz and Rob, and the team, and am not sure how geared up we are for running a mining company and doing a Fenix.
If we get an experienced famous Australian CEO with proven relevant track record, I’d chose
10. IPO ASX
Surly with such low capex, and scope to reduce AISC with more resource, we could find enough savvy Australian mining private investors, think London market having put £63m quid in over the years deserves a break and some good fortune.
What are your Hanc0ck funding preferences?
1. Capital Raise.
2. Rights Issue.
3. Debt Funding.
4. Royalties.
5. Joint Ventures.
6. Venture Capital.
7. Private Placements.
8. Other asset sale.
9. Crowdfunding.
10. IPO ASX.
99. Or my personal bonkers idea IDO.
Initial Dex offering, a decentralised liquidity exchange. It offers better liquidity, security and community involvement than other fundraising methods like ICOs and STOs. Airdrop UFO tokens to Alien Metals shareholders and then catch the liquidity pump of the alternative cryptocurrency summer.
Welcome to vote below this thread, with a simple number or rationale or justification.
They really need to update the online presentation. Its 4 months out of date and could put off any investor.
Personally I dont really care what happens to the sp next week.
We now have a licence, which means we are a far more valuable commodity irrespective of short term sp.
I think those two 10m buys late on were indicative of greater confidence starting to develop. UFO now need to build on this and we may start to see sp value becoming more closely aligned to in ground value.
The watch out for me is what Shemasian is up to. There is a worry that if we don't progress quickly then in essence he can get control of the business for his 2m loan.
Just read the development study they published a couple of months ago under the RNS tab, it's all in there
I agree Yayay
We may well see volatility next week. But I do feel we have now got a very clear pathway to a revenue stream
The LTH and new savvy investors will recognise the value in the ground at our many tenements. A joint venture should follow fairly quickly quite probably AA.
I know I keep saying "patience" but the wait is I am sure almost over.
I don't know about you, cj (because I know we think along similar lines in general), but I feel a bit of a crunch coming tomorrow.
Several wise heads said, as a result of Friday's fireworks, that it was the traders from 0.11 clearing off with their gains and that we have now reached a new 'launch pad' of 0.20, in readiness for the next news.
But I think it will be a demoralising body blow for many of we LTHS if they are wrong, and what we see is the all-too-familiar post-good news UFO phenomenon of a red Monday, followed by a red Tuesday, followed by a red Wednesday...
If that proves to be the case, I think we might even get into the state of resigned depression to start thinking - even if only privately - will the response to JVs be any different? Or is this how it's always going to be?
It has taken a while, and had a few hick-ups along the way
But the ducks are definately all lined up now :-)
Https://www.alienmetals.uk/wp-content/uploads/Coprorate-Slide-Deck-Dec-23.pdf
Page 9
We as shareholders have given Alien Metals rightly a hard time, but credit where’s it due, whoever wrote this old presentation, probably Troy achieved the licences milestone, with two months to spare. As this was outside of their control, it gives more confidence that the remaining strategic objectives will be achieved in a timely manner. They tweeted the GEOLOGY team were on site last week, so there could be more developments that could land at this most advantageous time, with Silver breaking out from its 44 year cup and handle (not worth mentioning the measured move price targets as they blow my mind), and Platinum potentially even more undervalued.
Page 26
Strategic partnering process was scheduled to start in 2 months time, but it sounded like options may already being reviewed in Guy’s last interview.
…….its being to get exciting now….
Https://eu.usatoday.com/story/money/2024/03/09/costco-silver-coins-gold-bars/72910338007/
Costco now selling silver coins
If CARLSBERG ran Alien Metals…. and CARLSBERG wrote ramptastic LSE bulletin board posts…things may look something like this….
ARV and maybe Rod took a bath on Munni Munni it’s in our books at $5.3m, I’ll be holding for 10x under a JV arrangement on that alone by the end of 2025, so wishful thinking would take £50m for outright sale. 224 potential outcropping pegmatite, ground electro magnetic surveying over VMS target, re-examining existing cores, happening as we speak, strategic partnering process planned to start in 5 months time. Can’t imagine Alien Metals current investors and the London market funding it’s development, hopefully the Lithium field work will add value and will excite suitors as the PGMs will take longer than the next a few months work to be accretive.
Elizabeth Hill acquisition 200m shares @ £0.0014 KMG and Dan Smith one could argue got robbed. EH stopped mining at $5 silver, which many analysts and banks are forecasting will be $35 by Q3 when the strategic partnering process starts. I’ll wishfully thinking take £50m for outright sale or let a JV partner worry about defining the open pits to excavate the near surface nuggets and dewatering and making safe the old mine workings and define the new deeper mine plan.
That should give us 10x on current market cap alone, before we even contemplate selling or JV’ing IOCA. We could list that on ASX and let some of mining savvy Aussie investors throw some capital in to expedite developing Brockman and Vivash Gorge, if CALSBERG were impatient and didn’t want to wait for Hanc0ck’s free cashflow to fund further development.
What do we think will be our next news?
All the best to Alien Metal shareholders, have a great Sunday!
How much will ot cost to set up the DSO operation if we outsource everything? Apologies if its somewhere in an RNS
Your point is a valid one. But the person in question is not our CEO. We don't have a CEO. It's not normal for a company to lack a CEO, but then there is rarely anything normal about UFO.
Now is not the best time to be insulting management
Even if it's lip service support them
Company's about to make cash fgs
Pucker up
Would suggest you drop your CEO an apology
If you value your investment
What we need next is an experienced good CEO like shaun for GPP and theJVs will come rolling in and give everyone confidence in management.
I think this is probably what is being referred to on other forums. I posted at the time that UFO had largely given control of the business to Shemasian. Although from re-reading it looks like this wouldn't fully occur until tranche three drawdown, so let's hope we don't get there. id guess this is one of the reasons why there has been no CEO appointment. Why would any good CEO want to work with somebody else marking his home work. I'm not sure if having Shemasian in control is a good or bad thing tbh
· Drawdown structure: Tranche 1 within five days of notice. Tranche 2 subject to the Company announcing its Annual Report for the year ended 31 December 2023 and Tranche 3 is conditional upon agreement between Company and the Lender of (i) the Company's budget for the financial year ended 31 December 2024 and (ii) a form of security to be granted over the assets of the Company (or members of its group).
· Transferability: the notes are freely transferrable.
· Undertakings of the Company: the Company has given a number of customary undertakings to the Lender in relation to the operation of its business, and the provision of financial and management information regularly. In particular, key decisions will require the approval of the Lender.
Last post of the day I promise as the weather looks great outside.
This is one of my earliest posts under this log in name, and still applies to any waverers unnerved rightly or wrongly by reading disparaging posts earlier today.
………………………………………….
a lot of us are underwater, but i don’t see things the same as the majority.
bill was brought in after the williams brothers had mismanaged and lost san jose to *****ana now fsm. he concentrated his efforts on safe jurisdictions and easy to mine iron direct shipping ore, i.e. an area and resource he understood and had experience in.
we bought into prospective tenements around the silver squeeze pump, so paid for them in shares to our major shareholders at much higher share prices, so they presumably are underwater and also need much higher prices to realise value on their investments and tenement sale proceeds.
had we taken the debt route, we would have lost more than the $2m per annum loss, to keep the lights on, pay the salaries, pay the required minimum exploration budgets and fees and legals and contractor costs.
rod did what was asked defined the current strategy, sorted the corporate governance and compliance and oversaw troy’s involvement in fine tuning the contractor, native title heritage surveys negotiations. a lot of the delays where outside their control, again we wait our mining licence which will follow in good time. rod was potentially duped to underwrite the arv sale, and has probably needed share sale proceeds for his other london listed venture and now bluejay share purchase. as soon as troy was no longer needed he was gone, and his nice post sounds like maybe the break was amicable.
we have even ditched board members by hook or by crook, when we have extracted the value from their work, saving performance payments, share options and warrants.
the point is, we have not been wasteful and things could have been a lot worse, especially the annual loss per share.
dilution is par for the course, until we are producing and realising income.
as long as we keep our share ownership percentage up at lower prices, we should be rewarded along with our larger shareholders, as long as the none exec directors / board members keep to their corporate governance legal obligations. as long as they safeguard their shareholders interests, we should be ‘right to sit tight’ or ‘trade to get paid’.
the biggest risk i foresee, is us getting robbed by breaking the business up into smaller parts. in theory the capex is so low, that it will obviously get mined, it’s just who will see the benefit.
that’s why i was pleased with recent director purchase, and it would be nice to see current board members buy in again at open market or at the next modestly say 10% to 15% discounted placing. if they did this, with metals prices going the way i think next year, i may join them in buying in or adding again under the placing price.
…
7.07% is Windfield Metals Pty (the entities) share in their Alien metals investment, they were named TR1 controlling persons ( beneficiaries ) at the time, RS is not mentioned.
So the performance payment was to me a compromise to get the 39% to give us 90% so we could progress with the licensing, approvals and funding. The 260m shares at 0.48 with the cash and warrants proactive tallied to be 1.79m in below link.
https://www.proactiveinvestors.co.uk/companies/news/990879/alien-metals-gets-option-to-take-90-direct-holding-in-hamersley-iron-ore-project-990879.html
I’d rather a tough business man, with a vested mutually beneficial interest was running my investment, than a lifestyle CEO taking A$300k a year, to look down a drill core, without progressing things and getting deals done.
The below was my second post under this log in name.
…………………………………..
If you were running this from your bedroom with no scruples, you’d hire a geologist (Bill) to find prospective tenements, pay him a salary, part ways when his job was done.
You’d then hire an experienced corporate governance and strategy executive (Rod) to negotiate funding, tidy up the articles, rules, practices, processes, strategy and website. Then fall out with him, and let him go, before performance payments were due.
Then you’d get in an Iron Ore middle manager (Troy), promote him, offer him large incentives, then once he’d arranged all the finer details of native title, outsourcing all key tasks and contracts, you’d ask too much of him, or take him out his comfort zone, and once he leaves save his performance payments and salary.
Who’s next, a lithium, Silver, Nickel. Copper, Platinum. Palladium, Gold developer or JV deal maker or will they sell this on now.
No doubt the search had already started, or Troy had sniffed out changes were a foot, bearing in mind the Bluejay RNS retraction, which obviously signposted todays news.
To me this feels like a game of musical chairs, with a few winners and losers along the way fighting for scraps, some will be left sitting down at the end holding shares when the value in the underlying assets gets crystallised…..will it be you?
………………….
Best wishes one and all.
What is the attraction of holding 7.07% ?
All of them are exactly on it??
Https://www.alienmetals.uk/wp-content/uploads/20221223-Windfield-Metals-Pty-Ltd-TR1-UFO-FINAL.pdf
Please see names of ultimate controlling persons on page 3.
Anyone taken a look at blue jay recently. A company who two of ufo's former ceo's are involved with. They seem to be toying with their investors like a cat does with a mouse. So glad the pair of them have gone. I can't deny a concern about who allowed them onto ufo's management in the first place and why. Aim does look to be a cess pit mixture of sharks and crooks and without a doubt, we need to keep our eye on what happens next