The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
100% Naps.
Lithium rights only!
LITHIUM RIGHTS!!!!!
Rns out read it slowly
Yep lithium only, and also means they dont need to activate the other funding facility. Good business no matter what any one says
Alien Executes up to A$4 million Farm-Out Joint Venture for Lithium Rights on Pinderi Hills Project, including A$0.5 million Subscription
https://www.londonstockexchange.com/news-article/UFO/a-4m-farm-out-jv-for-lithium-rights-at-pinderi/16445794
Seems like free money to me for a small part of it plus the money to dig ourselves if no good JV for big projects
It seems that its only for the lithium and we we get 75% of what they dig until stage 2 is complete then 50% after. I also assume that if they dig up anything else but lithium we get it?
Step back and look at the bigger picture. It's pathetic, does not matter how you look at it. It's so bad they do not want to release a RNS. Shame they have too as its clearly price sensative.
"We spend no money", that will be because we don't have any Nap.
Smiller... Its Shemesian moving tenaments and puppets around his crappy microcap stocks.
Isn't this deal just for Lithium exploration? I can't see how it affects the IOCA?!?
I'd like to think an RNS will be issued, before end of trading, explaining this.
GLA
Under the JV Agreement binding terms sheet, Errawarra is to contribute up to a total of A$4 million to earn up to 50% of the Project over a period of 60 months as follows (JV Terms): 〉 Initial: Errawarra will make a $500,000 investment in Alien by way of a placement in the company at the 10 day volume weighted average price (VWAP) prior to execution of this agreement; 〉
Stage 1: Errawarra will earn 25% by spending A$1 million within 24 months of the date of the Terms of Agreement; and 〉 Stage 2: Errawarra has the option to earn a further 25% by spending an additional A$2.5 million over a period of 36 months
post Stage 1 completion. Upon successfully completing Stage 1 and Stage 2, Errawarra’s interest in the Project will be 50%. Following the completion of Stage 2, both Errawarra and Alien will contribute to the Project on a pro-rata basis. Refer to Appendix A for the summary of material transaction terms.
Go on max spin this or you going to disappear for the day
Well its better than using the 2 mil off that last placement and we spend no money, step back look at the bigger picture
AUD it would seem, so £2m in total, over 4 years. Lol! Smash and grab.
All my hopes now lie with hannock but after seeing what kind of deals this board can manage, I believe my money is now dead..
Nothing in this deal I can see is good. You tie up the whole hills area for 2 years for a pathetic 1$million drilling campaign with a tiny company. I am sure if someone does some digging, we will find connections to this company and ROb Mosig
selling to his pals for 0 . SO we lose EH now in this deal and all the potential PGM? No wonder their SP is rocketing they just obtained great land for 0. Honestly we should kick this board out is rotten
.
Need too look into any connection with our directors/BOD members with ERW. Looks a great deal for them, not so much for UFO.
5x5
One word…
Placement. Is this why the SP has again fallen?
Whilst UFO dip nearly 7%
Where the RNS declaring this and how’s it going to be paid for?
ERW up 30%.
£0.5m that they don't even have!
Spending £0.5m within 2 bloody YEARS.
A shocking deal at first glance. No wonder UFO can't be bothered too RNS it
Oh boy.
Giving it away to a minnow with a Mcap of about £2.5m. Hardly an inspiring JV for Alien. Desperate times.