Peeved - Heres a few of my reasons5 Mar 2021 18:26
RNS 21st Jan - "Assay results from sampling expected late February 2021" - Failed to arrive / No Update.
RNS 2nd Feb - "Awaiting environmental drilling permit authorisation for San Celso and Los Campos." - Still outstanding. Covid can only be used as an excuse for so long. I fear they have not been granted - Almadens application was declined when ours was due...
RNS 2nd Feb - "Completion of final legal registration to acquire the Nueva Andromeda permit, strategically contiguous to the San Celso project.Detailed mapping and sampling to be carried out on Nueva Andromeda by newly appointed Senior Geologist in Mexico in coming days." - No Updates.
Im beginning to think that that we are in an AIM share that is a lot of JAM Tomorrow... In the 3 months ive been long, we have only had significant progress at Donovan 2, and that has been carried out by Capstone.
My main concern is this statement:
RNS Dated 1st Mar - "The Board of Alien continues to assess a range of mineral projects and opportunities, with particular focus on exploration projects with near term news flow and value creation." The existing assets are not moving along at a suitably appropriate pace, its likely we are to see another placing later in the year, again, should further opportunities arise. However, Im not an investor who wants a continuous stream of opportunities, I would like value at some point, the glim light of revenue is invisible.
This share is very clearly manipulated, held in a tight range consistently, the spread moves between 5 and 15% to ensure it is so.
Directors dealings - easy to manipulate, via interest free loans and other methods, and when the share is manipulated, can be returned at any point free of loss.
Turner Pope are employed by Alien, so whatever their latest statement says, you have to remember who pays the bill..
Bill......... Comes off as a middle manager, the likes of whom I have known throughout my career... Lots of nice words, so far, little action in the 3 months ive seen... Going to some conferences is what managers do. Got rid of a few like him over the years....
Max.... Gets some grief on here.... So I took the time to review every ones of his posts, always factual, RNS after RNS is quoted by him... I won't divulge the other aspect of what I have reviewed in order to not give away methods, but In the past I have seen employees pose as members of the public in the past on chatrooms or provide reviews. if I was running this board, I would be investigating the account. I believe such accounts/people do provide a service, but transparency is critical.
Sorry to be a naysayers peeps, I hold 5.2m shares and for the above reasons, I will be exiting.
I ceased investing in Aim due to such behaviours, but was teased back in by Ufo... Now I call it suckered...
Sorry, I wanted to go to the moon too
Best of luck to investors