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Wents. Don't be an offensive fool. The Capstone earn in was terminated in June. Reasons cited a change in their priorities as well as not finding what they'd hoped in early stages of the project. Snacks of financial risk Mgmt to me. The UFO mcap fell from c£33m to £25m. That was in June Since then the constantly positive sequence of news has not moved the mcap back up despite significant steps forward and considerable reduction of risk in Hancook. The silver tailings might - MIGHT - have mitigated need for a placing but presumably the terms could not be reached favourably for both parties. So not necessarily a negative (no deal is better than a bad deal).
So take your condescending attitude and keep it to yourself.
Its a very difficult thing to predict (the SP) .. the traditional conditions for gold / Silver this year have been very good.. but the market has decided otherwise.. Iron ore has had a literal rollercoaster shaped ride. Although most metals are still elevated in price and carry a large profit margin for lower cost operations.
If we looked at UFO from the downside risk.. you could say that Iron Ore is a largest price risk going into 2022/23 given the headwinds of Covid and a possible Chinese property market failure. Also that precious metals in a rising interest rate environment will likely struggle. This is perhaps whats keeping some away from this sector, a year ago all Metals looked like they were off to the Moon, but now the outlook is not so clear.
Bill is a canny guy though, he has hedged his bets using Geography and a basket of materials.. asked in a recent interview about the Price of Iron Ore he replied that should it drop significantly then they would just stop the project at very low cost. This flexibility is key to survival in the mining game (for small guys).
For me battery / PGM's are the safer bet.. I would include Silver in that group also for industrial use.
2021 has been a very good year for Alien in terms of milestones, not so good for the SP..
What on earth are you on about. What part of losing a EARN IN AGREEMENT with Capstone is not a negative RNS Not following up on the tailings RNS Please stick to facts and not what you think you can choose.
Picku I feel the same , all I know is I am going to continue to load up until the SP> my avg . When money and eyes cycle back into this sector perhaps we will be glad that we got so long a time to load up . I really think gold/silver /PM just consolidating now for the next leg up. Waiting to see what happens with interest rates and SP500. Will probably be Q1 in a new year when hedge funds and big money start to rebalance.
I feel exactly the same, letitbeme2. With the exception of the fund-raise, there hasn't been a negative RNS for months. Look at the sequence: 1/ Drilling commences at EH 2/ Han**** shaping up to be standalone DSO (with only 15% of the tenement tested so far) 3/ Visible silver during drilling at EH, plus evidence of "much larger" system containing copper, nickel, and PGE 4/ Confirmation of 10.4Mt of iron 5/ Acquisition of 30% of Munni Munni 6/ Creation of IOCA company to progress Han**** and Brockman from exploration to a mining lease
I'm absolutely astonished that we've not yet pulled forward on the SP, and still languish below placing price. As TrekMadone would say (a far greater investor then I am), placings are not always a bad thing - depends what the money is being used for. in this case it's progressing three projects up the value chain. UFO is an absolute bargain right now and I think it's a matter of a few weeks until the market watchers start to publicise it.
yep.. like I said I will re-consider the position in 2 years from now or at 200M mcap (whichever comes sooner).. I suspect that unless its another wild spike that I will continue to hold / add again should it get to (and stay at) those prices.
I would say that Hanc0ck would need to be in full swing production with at least 3x the JORC + a decent JV or the like deal going on at EH and Mexico to get up to that level..
Yep thats right.. AIM stocks are low liquidity and event driven on the most part, thats why its rare to see a steady upward trend on the AIM market. Most of these small stocks are spike's followed by long downward trend then another spike etc.
To hold these long term you really need to accept the volatility, 100%+ swings are common place (and mind bending). Winning here IMHO is to either play the spikes and build, or to get in very low and hold on with a long timeframe.
Its stating the obvious really, but the paradox of short term profits vs long term gains do not sit well with this kind of stock.
The risk premium in AIM stocks is so mentally challenging, this is why its easier to switch off the screen and come back in 2 years time when your plan says that your investment will be at maturity.. but most dont, thats why at times like these there are lots of stock flushes, people literally give up and throw in the towel.. inevitably selling low and missing out on the longer term gain (should there be one)
For me when / if this stock reaches 200M Mcap and not before I will reconsider my 5 year plan. I have 3 years left on that
Norm that is exactly the conclusion I have come to, I feel the market doesn't have time , patience appetite for risk associated with AIM companies regardless of whether this applies to us or not. IMO most will want to invest when they see a properly devised plan to monetise our project. The market reacts to numbers and that is what we need to deliver confidence to investors perhaps with a JV, offtake agreement or sale which is very likely when taking all our projects into account.
lol.. my view is that there have been many better opportunities across other markets this year.. outside of mining many non AIM stocks have really performed.
you have to ask yourself if you can make 50 - 100% on a mid tier car sales business, or a pharma company.. then why buy into a high risk exploration company with no money and with assets in decline (i.e. the metal prices) ?
Once the till starts ringing at Hanc0ck, and metals again start moving they will soon arrive... the key to this game is picking a real winner and hoovering up the shares when they are dirt cheap.
I really hope that we get positive news by next week to shift the sp up abit before Xmas, I remain invested here, but to say that I’m not disappointed with the last 3/4 months, is a huge understatement, as I’ve said before, I would thought the potential of the projects would have had abit of a impact on SP. I thought the markets were always forward looking. Just my thoughts.