The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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How many will stay up to see ASX open? Open times 12am to 6am GMT
Yayay and I should be tucked up in bed for at least four hours prior to the open.
All eyes on errawara https://www.google.com/search?client=firefox-b-d&q=ERW%3AASX
I'm a little confused about the excitement over errawara's market suspension C J.
Its nothing to do with ufo is it.
Chrisa we dont know either way but could be
There is clearly an increase in M&A activity in the area. Any guidance at this time is welcome.
Info on the strike length of the Li and it's direction geographically may be given??
But, it should not directly involve UFO.. Unless an RNS on Monday. Who knows??
Probably more likely to be announcement on ERW other tenements, as they have only just embarked on Joint venture with us. I’m guilty of stoking the fire, as we’ve been starved of good news that surprises the market participants.
Thank you to who ever on this UFO board mentioned their investment in KAT.L. Finished my research and taken a stake, even posted an old Proactive video with Paul Johnson, who was involved with Gervaise Heddle while he watched over GGP’s 60x on their LSE board, great to see they’re involved in a project again, where the market cap is lower than the cash balance.
Looking forward to see Alien Metals next chairman in Proactive investor interviews, with a huge smug smile on their face, delivering bombshell positive news to the market.
I guess if they get taken over will affect us .
It will put us firmly on the radar, especially Gina Rhinart :-)
It may also give Errawara the funds to explore UFO ground for Li..
When BBG had his boots on the ground, he failed to spot the pegmatites or think they maybe of interest. We could have been ahead of the game on Lithium.
Mildly harsh, but fair. BBG was running the company from 10,000 miles away during lockdowns in both countries. A 117km2 tenement takes a bit of getting your boots around. Would imagine most of the work was done on paper. Munni Munni been passed around like a Luke warm potato for a number of years, so he wasn’t the only one he may have overlooked an outcrop.
These guys are marketeers as much as geologists and promote what ever they can get traction on when there is someone bothered to listen.
Everything else ( none Fe ) was put on hold by Rod, so nothing would have happened on the Lithium front either until now.
We are where we are, languishing at £11m market cap, waiting for catalysts for our multiples………
……still waiting!
Richard, Guy, Rob and Liz……
….we’re still waiting.
If you are still looking for other options Sinter take a look at Cobra Res. GH put seed capital, more for the gold originally, but now has a very interesting Rare Earth prospect. Apologies to those who can't stand talk of other shares.
Sinter
You make a very valid point re Covid lockdowns and BBG performance.
I do very much regret his obsession with Mexico silver. He spent much time and money chasing his dream there.
yeah mexico was a waste. i've heard a few times in recent interviews ph****s which imply we sold all the mexico projects but had no rns to confirm this. would be good to exactly know what going on with them
I think we still have them.
Having drilled a 'duster', it would now have little if any value !!!
@CJ, fair point although I’m slightly more pragmatic.
Mexico tenements were pretty much all that they owned and started with following ‘Q uni tana’ and ( now FSM running our old Silver mine ), picking up our wonderfully company making deposit from Arian Silver.
BBG transformed the company with the help of those around him, at a very challenging time for everyone involved in running real businesses, unless you’d got a Covid vaccine, peloton bike or online subscription model business.
If our investment in Alien metals does come good, I will give him as much credit as any one of the conveyer belt of insiders who have come and gone through our door.
@ 5x5 Yes owned that in the past, remember I thought gold deposit was too small, and the then new CEO had not bought shares, and had a vague recollection of MNRG and GH having had a holding. I’d got less excited about rare earths, as China seemed to have the market locked down. Will take a look. Am feeling more speculative and excited about KAT.L, as something is stirring in the background the market has no possible way of knowing what it is and assigning any value to it currently. If I 10x in their in the next couple of months, I’ll have more money to plough into UFO, or my next Silver Junior play, which I’ll name drop on SILG.L LSE page at the end of next week.
Take care all, happy investing.
Cj they got rid, listen to the last interview, or 1 before that, im sire they mention they divested them
My recollection was that they intended to divest??
I must relisten tomorrow
Talking of Mexico, this isn’t our first brush with Lithium.
https://www.alienmetals.uk/2017/04/option-agreement-to-acquire-lithium-projects/
The Mexican assets had a NAV of $768k December 2022. Held in 100% owned subsidiary Compañia Minera Estrella de Plata SA de CV (“Arian Mexico”).
Pretty sure $200k of this were Lithium projects bought by Arian Silver 2017.
The Projects
Summary information relating to the Projects is set out below:
Pozo Hondo
The Pozo Hondo project is the largest of the projects at almost 1,100 ha in size and covers one salar, the Laguna El Salado.
Columpio
The Columpio project is almost 400 ha in size, encompassing two salars, Laguna Tenango and Laguna La Virgen, approximately 24km from the town of Villa de Cos.
Abundancia
The Abundancia project is 150 ha in size and encompasses the Laguna Noria del Burro salar, approximately 40km from the town of Villa de Cos.
The location of the Projects west of the main Zacatecas – Saltil highway 54.
Arian Silver sold the Calicanto Project in 2016, which had a carrying value of US$602,000 as at 31 December 2015 for $400k to Endeavour Silver.
So one would suspect news on asset sales below NAV in Mexico at some point as Rod I believe was consulting on this and I seem to remember Alwyn or Guy hinting at pending news.
All small beer, but would reduce the $107k per annum G&A annual licence, admin, currency exposure and audit costs and $400k (say) sale proceeds would, without the current expense of a CEO and salaried board members, keep the lights on another quarter.
Https://zakstraderscafe.com/interview-guy-robertson-fd-and-alwyn-vorster-board-advisor-alien-metals/8977/
At 6:40 he does say Mexico sold (not in so many words) Listen, see what you make of it.
CJ yep i knew i had heard it.
I told you he mentioned it in a interview but i thought that would be RNS worthy? Not mad they did that just expected rns
The count down begins!!
So much news we could get soon in 4 directions
Exciting definitely
We have it all
Just hoping this time we get it all 🙏🏻
Onwards and upwards space cadets
Lyndon
Did we ever find out who Owens the silver tailings at EH