George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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When people compare a silver miner to a gold miner, it like comparing apples to oranges.
High-grade silver deposits are extremely rare and we have 3 confirmed high-grade deposits. That makes us the best silver play on AIM.
Keith Neumeyer of First Majestic Silver said, “I think we are going to go through a major, major bull run here. I wouldn’t be surprised to see a 10 year bull market coming up!”
https://m.youtube.com/watch?v=uPml9lfHRVU
Just think about that as we get royalty payments for our 3 confirmed high-grade silver projects and as the Gold Silver Ratio goes 15 to 1 (as Eric Sprott is adamant it will) :)
If this drop back to 1.20/1.30 before the big rise I'm in at that price this has huge potential but at the right time
Appreciate that, my time frame is quite long as I am investing for retirement. (Hopefully in 20 years). So I am just building a wide portfolio of boring ftse dividend stocks and more exciting (higher risk) stocks. This will just sit in my portfolio for years.
JD, when we went over 3p, it hadn’t done far off similar to what EUA has done.
EUA went from 0.45p to the current circa 30p (>6000% increase). UFO had gone from 0.07p in April to over 3p a week or two ago (>4000% increase).
It’s the thing that amused me when we were between 2.5p - 3p and a lot of people were saying ‘this could be the next GGP’, obviously not realising this had already far surpassed what GGP has done this year, with its circa 1200% rise at its peak.
As Max says, we have 4 high quality assets to keep us Aliens amused.
JD,
can’t answer that for you. What I will say , we are a project generation company. I think over a 4/5 year time period , we will develop a decent sized portfolio of assets ( either via jv or farm in agreements) This is definitely not a “Bill’s found 500m oz of gold in the ground -jump in quick company”. It’s a asset accumulation, increase asset valuation company. It’s market cap will grow at a steady rate over time.
Hi 944Turbo,
It's a lot easier to ignore them. Trust me.
But I will always defend Alien, Bill and the management team, as long as they continue to deliver on what they promise. I'm very much looking forward to the future as we unlock the value of our 4 other high-grade projects :)
Does UFO have a chance of doing the same as EUA? I think the CEO for ufo has a great back ground and makes this investment prospect even more exciting.
Max just let it go bud don’t answer is the best form of reply we know what matters just leave them to it.
944T
This is what I wrote in 30 Sep 2020:
The shares of KMG shareholders (dispersed between 4 individuals) have already become effective.
The people pouring cold water and spreading rumours that the KMG shareholders are going to dump their shares (Wetlands, MyEvian & ColdWater) in order to panic investors to sell so they can buy their shares more cheaply, have been proven to be wrong.
KMG shareholders are sophisticated long-term investors.
As I have been saying, why would they dump shares now when they know the Donovan 2 deal is going to be completed in about 3 weeks. GLA
myavian,
If you remember I called you out on your de-ramping in Sept just before we had our massive rise!
This is what you wrote:
25 Sep 2020 14:15
Sorry for the negativity guys. I had 1.4M shares and gradually sold over the past days, now free ride at 400K shares. Not much but that’s all I’m willing to bet here.
My red flags: silver price is going down, Twitter experts may be adamant about its recovery but I think nobody really knows for sure. In the case of a further decline, Alien will have a hard time finding partners or money to actually exploit the EH mine.
dont forget, Alien has no cash (1,8M is neglectible). Until proven otherwise, they can only raise cash further by diluting shares (and our money).
In light of the above, I think at least some of the KMG shareholders will want to derisk as well in the near future. Also I’m not sure if Capstone will want to continue with the JV if the markets continue to plunge.
But that’s just my opinion! Everyone should make up their own mind.
27 Sep 2020 13:17:
If EH really is a super rare world class silver cornucopia, how come KMG were only able to sell it to a tiny and obscure company like Alien, for a pittance? A big company with lots of cash in the vaults would seem a better option to me...Now KMG are exposing themselves to a lot more risks (dilution, silver price going down and EH going dormant again)...I can only assume (and hope) that Bill was able to give them some real short term guarantees that we don’t know about yet!
You were wrong about everything! GL
Max, I was just drawing from my recent experience with ufo (I think we made our first post here around the same time). Mid-September we had days of extremely low trade volume. Some of the veterans here stated that this was an important factor that forced the SP down temporarily. I believe we will see a similar cool down period with lower trade volumes now. All imho, I’m a pretty casual investor.
Thanks for all your thoughts. It's good to get your views and confirm I'm not too far away from most peoples' thoughts on this. Thanks all
Hi myavian,
The SP can only go down if the long-term holders like me sell.
But we have had our opportunity to sell at 1p, 2p and 3p.
The reason we are not selling is because we are gold/silver bugs! We know where the price of silver is going. And silver is just about to make a break to the upside with the new stimulus on steroids that is about to be unleashed.
Also the stock was heavily shorted this week. These stocks were sold to new buyers at the peak.
Therefore, the new buyers are not inclined to sell now at a loss. They will hold out for news.
Also the warrants that were exercised were only 83M shares. And the holder of these shares is under no obligation to sell now (there were warrants exercised in GGP on the way up).
We calculated that we had 129M LRGS Off-Book Sale Trades in just 2 days (the total figure for this week is much higher).
People expected more warrants, but the warrants were already exercised earlier this year during the past rise.
As Friday afternoon demonstrated, the MMs have oversold and now run dry (I couldn't get a quote for over £8,000 all afternoon!). This has never happened during the last 3 months I have been watching this stock every day!
So where is the selling pressure now going to come from to drive the price further down?
Especially as we are due a delayed reaction re-rate from First Equity’s Buy Rating and also the Hamersley Assay Results due “late October 2020” as per RNS 9/10/20.
Hopscotch i would imagine so as it is DSO and there are some major miners close by willing to come on board.I just think that EH will be the biggie for us, it just depends how high silver goes
I think its been built in at the moment.
I was fortunate to be on a Zoom call with Bill last week and there are many things in the pipeline that are really exciting for Alien so even if its built in short term it only looks good for the future.
Too many people with deep pockets know this share is going alot higher and will buy on any dips imo. I think it has had its drop and now I expect will have a steady rise until it forms a new level before next news.
Also a steady stream of news will keep up a floor under the price.
Myavian,
Zak has said 1.3 is a key hold..Let’s hopes it doesn’t drop below. Either way ,nothing has changed my long term view of this stock..
H,
I think the DSO might be a while. I don’t know if I’m talking out of turn , but seem to recall reading somewhere that we were trying to buy out the remaining 49%. If so , could be a while longer. Having said that, DSO is where the action is at , simply because it doesn’t require large capex. Can see that happening first. Bill will probably be busy proving up additional resource at EH.
I know I’m putting my head on the chopping block, but I think it’s going to drop a little bit before going up again. to me Friday is an ‘after-shock’ of the huge spike from last week. I see the SP going back to 1 - 1,2p before the next leg up. I’m simply connecting all the lowest points on the recent charts.
Hey Islandgirl. Do you think an EH jv is more likely than a jv for the DSO next? I thought maybe the DSO would be next jv as I assumed it to be quicker to get done?
Personally I think your about right 2 / 2.5 would be a realistic price. Consolidation and a steady rise towards the next leg up. You never know might be more could be less, but there is too many positives about UFO. And the current silver / gold metal prices will also help drive the sp forward. So much to luck forward to, plenty in the tank.
Morning Hopscotch I don't really expect that much of a rise from the assay results.I think that a JV at EH whenever that comes will cause a big lift though.Given that it should coincide with rising silver prices it really could be the perfect storm