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I collected when the price was below one and shall add on
when UFO becomes cheaper but hope it will rise and stay above
one. Good luck to everyone.
all good wolfy I also share your impatience sometimes and its worse when your in paper loss ... When this all plays out though your going to be happy you stuck with a junior with high leverage to silver / iron . I am here cause this could be once in life chance if this recession happens/ gold silver re rates to true value. If I am wrong UFO should still increase due to copper/iron. That's the safety net really. I just think back to people like rock rule who always says he made his money last time silver exploded and juniors went 100x
Thanks for all your comments/input.
We finished drilling at Hamersley last month. Posting every day on this BB demanding results will not make the labs work any faster!
With regards to clarity on Hamersley, Bill confirmed in last interview that it's DSO grade material. Our incredible estimated target of 245M tonnes has not changed.
And if you want a junior explorer to create cashflow, Pilbara DSO is your best bet. Just need to dig it, put it through a mobile crusher and ship it. The profit margin involved is unreal!
Looking forward to the webinar to get more details.
11 months isn't a long time in this sector Wolfy, it is why I avoided the sector when younger as I knew I wouldn't have the patience, I'd suggest studying the Lassonde Curve if not familiar.
You either get in early and pay a lot less to build a stake with explorers but there is more risk and you'll have to be willing to think in terms of months and years or buy in further along when for instance there are astounding results confirmed but you'll be paying a lot more and be owning a lot less shares to balance the lowered risk and being further along the development timeline. Even then, patience is required when you look into all the money and resource required in both proving up economically viable opportunities and then developing through to production if not bought out by a major.
What balances all this need for patience is the extremely high gains that can be made when you get it right - if you can stomach the risk and frustration of being patient.
So if you have held since may 2020 then youre well up
Projects pushed along, capstone drilling , DSO drilling complete and in the lab , MAG survey finishes and targets planned, silver tailings project to bring near term source of income. That's what we know, no idea the discussions being held in private or projects being looked at. That isn't just sitting on your arse for me , if there is technical delays there is delays it happens in every project and OZ is booming at moment so some of this delays out of his hands
To save argument let’s see what tonight brings. There be plenty of discussion no doubt about what will be said so be interesting
Max I hope your right and thanks again for sharing existing RNS. As I mentioned I need to see clarity on Hamersley. Without this Alien are not an investment for me. I’m not excited about the tailings whatsoever munni munni is a long way off. Priority targets are great but it’s dosnt equal cash flow
Naphman - I been here since May 2020. I have held my holding throughout the COVID pandemic and have actually added to it I’m aware of how patience works. I’m also aware that time is money and COVID this and COVID that - it is what it is if Alien can’t progress to actually making money you know what’s next.
What projects is he pushing forward?
=> Maiden drilling programme at Hamersley & Donovan 2. Results to follow.
Acquisition of new silver permit Nueva Andromeda in Mexico.
Employed full-time geologist in Mexico who did the survey & sampling at Nueva Andromeda and found it has high-grade silver up to 734g/t.
Air Mag Survey and Interpretation at Elizabeth Hill & Munni Munni North which has found 20 priority targets - 7 highest priority delineated for PGE and Ag/Ni/Cu mineralisation. This was much better than I had expected. We have 3.5km of strike along the 8km PGE Ferguson Reef PGE strike. So much detail in the RNS.
New tailings project at Elizabeth Hill, which if goes to plan should bring in significant cashflow by end of year.
The sampling at the tailings had ave grade of 472g/t. There are 16,000 tonnes of tailings at EH!
The assay results will come and I think will very much pleasantly surprise all shareholders.
Wolfy you have been in since February, its not exactly long,, there are delays world wide with results, maybe this sector is not for you is you cant stomach the ups and downs and delays. i get the frustration tho but it was the same at omi last week. drill delays because of covid
Smiller each to there own il make my own choices as I’m sure you will to. But I’m trying to base it on the knowledge at hand now and to me it’s not looking good and the how it’s performed in last 3 months speaks for itself. In another 3 months they won’t be able to rely on a solid 2020 gains it will need actual results to start backing up the value.
Good shout maybe in the next one we can meet his dog. What projects is he pushing forward? Remind me of what our Q1 has produced? They regurgitated results which was already partially known. Seems we have no idea what Capstone are up to but sure we are very excited about it. Nothing on permits but we are excited. We need clarity around any obstacles there facing not purring on a screen.
Wolfy One correct geological decision far outweighs some slick back talking CEO does it not? Id hardly bring a cat into the convo pretty pathetic/working from home . Can he get better at presenting sure comes with practise though doesn't it which he's trying to do. Until he makes a bad geological decision or and JV then ill stand by him. So far alll he has shown me is hes pushing projects forward.
Why would I he’s a Geologist...the results on Hamersley for me personally will determine whether I’m staying or not. Been waiting since Feb with background noise of no Mexico permits. There’s been no update from Bill and to be honest he sounds like a plum. I remember watching there last webinar with Zephyr and someone commenting on this board that there CEO was sleazy. He came across well to me and knew his stuff. Funny enough there SP has been flying north way past our since then and we are moving backwards. Bill gets defended on here for his Hmmmmms with people saying it’s fine we like him it’s not a problem. To me it is he’s unprofessional has his cat in his videos can’t present and waffles with no substance. He’s on the payroll and where see how much everyone likes him when we do our next raise which I can’t imagine will be in the too distant future. There spending money and we are not seeing results
wolfy get bill a labcoat is that it
wolfy you want Bill to get his hands dirty in the lab or something?
Still no results - sell off continuing. Presentation will highlight what we are excited about. Maybe someone should tell them tonight what we want are the results so I/we can either let go off the stock or hold.