Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I liked Bill Broodie Good, i think he left because he had better morals than what he was being asked to do by the puppet master.
Safe to assume the loan is keeping the lights on.
Some might think that this is diversion tactics to move the focus away from progress on the iron ore and silver at EH. This latest news is positive but let's not forget it's not a game changer and in the short term it might keep the lights on for a while, the only thing that's going to move this is the road being built (according to Max July) and a JV on the ore with first shipment Jan 25. If that doesn't happen then there are major problems and it could be another COPL or Sirius.
Im not advising anybody Selling, just open your eyes.
@theannoyingdevil. Sounds like you are still waiting for a placing to buy into.
Re-rates & Hanc0ck JV first.
Errawarra alone are confident their own newsflow will get the SP flying past 0.2p.
Hanc0ck update very soon. Mining Lease was just the WA Dept of Mines.
Richard qualified as a solicitor and worked in investment banking and has over 20 years experience investing in the resources sector and providing corporate and strategic advice for resources companies listed on either the Australian Securities Exchange (ASX) or the London Stock Exchange Alternative Investment Market (AIM).
All paid for by issuing Shares and Pump and Dump Schemes - participating in and charging for the 'advice given'.
And Maxie Boy gets fed by the same people Fleecing YOU.
Surprised the mcap is still around £10M. Plenty of scope for further falls in the SP given recent news...
They confirmed the presence of pegmatites during the ground reconnaissance and similar pegmatite swarm to AZS which is now valued at $1.7bn (and they only own 60% of Andover).
"Errawarra has immediate plans to commence exploration for lithium on the project" and we should also be getting results of the re-assayed core with all other data of other battery minerals.
We also get extra A$500k cash and focus on our flagship Hanc0ck project and getting it fully permitted by next month with offtakes JV etc. Sounds like a good deal to me.
...and that my friends... sums it all up.
Sin - Yes eventually i didnt see any escrow agreement in the terms.
Assets get moved around, agreements get made, all paid for with new shares being issued in both companies. Not a bad way to create money in bad times. Sharesholders diluted, Consultants (RS) gets paid a nice sum for advising such schemes.
Simples.
My Anger and frustration in this stock is purely based on the Funding arrangements that RS chooses to Fleece the ignorant and blinded PI. Just a shame people choose to look the other way and focus on the Jam tomorrow Stories.
@AD, you mean ERW will dump their shares in Alien Metals on next meaningful rise?
I guess investments held on the balance sheet convertible for cash, in a tight financing market, is instant liquidity. Alternatively maybe ERW on the Aussie exchange will find it easier to get a placing away than UFO. Effectively this is what it’s all about in exploration, if one in 3000 make it, the ability to raise cash is more important than the economics, geology of the deposit and commerciality of the business. Moving assets around and JV’s gives the company another chance at a raise from a new set of investors.
I’ve been on Hotcopper for a couple of days, and much prefer LSE.
The collective group companies have amassed a large landholding, I guess the chances of hitting something big is what keeps the large investors increasing their ownership.
They have been peddling that 2.7p figure for years now .. im not sure they actually check the current SP ;-]
That would give us an Mcap of £171M - not likely unless Iron Ore goes to $150+ and stays there.. then its "possible" if we can actually get the mine up and running at some point..
possible but not probable - Maybe next year lol...
Research Tree (@research_tree) posted at 10:20 am on Wed, May 01, 2024:
.@WHIGroup has published a new research note on @AlienMetals #UFO
Alien Metals - Alien executes up to A$4 million farm-out joint venture for lithium rights on Pinderi Hills project, Western Australia.
"Alien recently announ..."
https://t.co/MfUERHhI98
(https://x.com/research_tree/status/1785600094269521984?t=r-Ol72Dt_rmZGMVQgncUdQ&s=03)
Artemis - Sold All
Platina - Sold 100m of their 140m (yes i've looked)
Errawarra - same story will happen.
Yes great to see the "fair value at 2.7p/share" being mentioned again.
One thing to look forward to is all of the heads of agreements will now be with the solicitors making them concrete and we will get a flurry of rns confirming this in the coming weels
from wh ireland broker note (financed by alien)
"at zero cost to alien, the jv facilitates the investigation of lithium at pinderi hills, provides alien with working capital and leaves alien free to focus on its flagship han**** iron ore project. we still see fair value at 2.7p/share as alien moves han**** along its development pathway. "
must be good news
Sinter i have noticed and my 1st reaction was what another placing and then i read it all slowly and realised its not so bad, they have shares invested at in us at a higher price than today so they have a vested interest it it doing well
Your right Sinterklaase I have been pretty bullish in the past but got really down about UFO for a while .. funny enough though i am more Bullish about the company given that we now have the License and the JV.. But you cant please everyone...
Its obvious that there are players pulling strings here behind the scenes.. but 50% of nothing is nothing if there isnt any Lithium !! or its not economical to mine.. If there is a big find then we get it drilled for free and we hold the right s to all the other goodies anyway..
I have to say that I dont hold the fantasy that Hanc0ck will flood the company with free cash to drill things anymore.. Unless there is a sustained uptrend in the price the margins are not that good and the costs to production will always be higher than the estimates..
Its clear to me that my original thoughts about what UFO would be by 2024 have been badly wrong on every front.. but the company does have good assets to develop in the right area of the world.
My expectations here are low, and tbh its made it a lot easier to deal with the constant Management failures and broken promises.. but for some reason it seems like they have finally started to deliver !!
All 4 companies are interwoven. GRE, UFO, ARV & ERW. Same issues at all too, the lack of cash for explorers is the norm., but the broken promises is common to all 4 too. In Feb GRE said they would drill the Osborne JV ( with ARV ) in March - no drilling yet. Why is ERW not getting on with proving up it's Li.....Worth getting the PI's views on Hotcopper - much less sniping and more exchange of info.than here.
The quarterly updates on ASX include cash flow and some expenditure figures, would be useful to have the same for
UFO.
Will be interested to see what you conclude Sin. Is it just a game of chess or is there an end game?
Will Alien be there in person or in spirit?
Or did they just share the cost in putting on the event for a picture of their Logo to be associated?
Final reminder to join Alien Metals, Artemis Resources (ASX:ARV) and GreenTech Metals Limited in London today with the Australia-UK Chamber of Commerce as they explore the crucial role of critical minerals.
https://twitter.com/AlienMetals/status/1785589508823499140
I agree that’s why I’ve taken the day off Napthman, I have too much invested here not to be on top of everything. I’m hoping others will join the research today, because selling out would take me days and weeks without the positive Iron Ore news around the corner.
Plus we are all allowed a wobble, I remember negativity recently in current positive posters.
"WHI View: The JV announced Alien for the Pinderi Hills project values the lithium JV at A$8m – this excludes the potential value of the nickel, copper, platinum, palladium, rhodium, and silver that has already been identified. At zero cost to Alien, the JV facilitates the investigation of lithium at Pinderi Hills, provides Alien with working capital and leaves Alien free to focus on its flagship Hanc0ck iron ore project.
We still see fair value at 2.7p/share as Alien moves Hanc0ck along its development pathway."