Member Info for dickie3times

the total funding package from bennelong was usd1m agreed at the beginning of july for immediate working capital requirements, with the option of another usd1m in warrants bringing up the total package to usd2m. bennelong currently holds 6.34% of alien metals. the funding included two tranches of usd500,000 of convertibles to be drawn in equal tranches, and the second tranche is the one that alien declined. interest on the loans was set at 8% a year with a 12-month repayment schedule and 3% commitment fee and 2% withdrawal fee.

aussie iron

the bennelong funding was to be deployed on developing alien’s han**** project. as previously reported, alien owns 90% of han****, its flagship iron ore project in western australia through its 100% owned subsidiary, the iron ore company of australia (ioca). ioca also has a 90% interest in the brockman project and wholly-owns the vivash gorge iron ore project, both of which back onto tier one tenements owned by major mining corporates such as rio tinto and fmg.

https://www.thearmchairtrader.com/alien-metals-issues-new-shares-turning-down-debt-option/

temporarily and lawyer, elizabeth henson joined as non-exec director, also holding non-exec positions at future metals

prior to the boardroom change-around, alien announced that it had started a definitive feasibility study on han**** to optimise the mine plan, its infrastructure layouts, and nail down the final capital and operating cost estimates for the project. alien hired mining plus to carry out the dfs. this followed a scoping survey, and the project is in the process of negotiating with native title holders and firming up its environmental impact studies with

https://www.thearmchairtrader.com/alien-metals-issues-new-shares-turning-down-debt-option/

New shares issued instead of the unwise fundingvm route.

There is an ulterior motive for Ufo's actions in the last week ir so. We need more info to clarify their actions. Until then i assume that their motives are for good and POSITIVE reasons.

https://www.thearmchairtrader.com/alien-metals-issues-new-shares-turning-down-debt-option/

Yed 5x5...i did post that but since calmed down and still cannot prove that our bod are totallyvto blame. I admit i have switched my allegience to the BoD until more is known.. .until then i cannot go entirely with the general concensus UNTIL we get RNS' explaining the the real reasons. After all they are not talking. .so let's wait until THEY DO?

No one knows....so, my explanations are as good as any..

Unclejim....there may be other reasons not known why Ufo have not been granted permission to mine. Until we are made aware of those reasons, i cannot comment on any BoD members ability to run the company....it could all be out of their hands with the Aus Licensing Authority.

Until we KNOW....it's still all GO

.

I listen to my own instincts and not the double standard agendas posted on

U also want my losses back and believe in Ufo to DELIVER...

They cant be all that bad....something else is holding this down....all will be clearer in time?

.

I am staying but i will not converse with any of you directly. None of you can be trusted. Crooked and its been going on for years.

The main investors that post on this bb have an agenda and ARE hoping to tank the share lower so that they can buy in cheaper.

It's obvious....please sell up and GO ffs.

All you so-called experts...just SELL and stay away from Ufo....you are no longer welcome by genuine investors

Still the majority of posters on here have not one iota of a kind word to say about Ufo and the BoD

May i offer a solution.

As no one is prepared to admit they are really holding for next rerate UP....Then why don't you all simply clear off and leave us honest investors and UFO alone...

....Go on just do it, there is no REAL REASON for any of you to stay.

Sell and move on if you believe UFO and the BoD is that bad.

Alternatively give one good reason why you all choose to stay?

It's really that simple.

Research says that

In between the BOD has posted 7 RNs , none of which appear to have lifted the share price.

Research TELLS i have recently bought the cheapest 1million shares in UFO in 5 yrs of trying.

Research tells me if UFO are sitting on huge minerals gold silver iron ore lithium resources....THEN by all reasoning, one day i will see the biggest rises in Alien's history.

Deluded or not....research tells me to hang in there AND BUY MORE

12roses....

No wonder no amount of RNS'seem able to lift the sp...when almost every post on this bb is a down ramp designed to crash the sp. What on earth do you expect when the majority of posters have purposely help crash the shares and anything that UFO puts out is not believed and we call the BoD liars.

Let's see who is right (i dont mind being proved wrong) as i still believe UFO will surprise us all....and yes, unlike Max, i have my finger firmly on the sell buttton. Win or lose i can at least say i am still invested at current lows. In it to win it?

I'd bet that Max111 id just an investor that has allowed himself to get carriedvaeay totally with UFO....yes and he probably didn't sell.

Personally i believe/d in Ufo but always sold out when it didn't look great but managed my losses so i can call on funds.

Max is most likely so far under water he has opted to be super positive in the hope UFO will come good. I feel the same but will only go so far with losses.

If Max does hold 7m shares then he aint broke even at current price.

So i believe he is just an over eagre investir that put too much in. The puzzle for me is that if MAX is so knowledgeable why didn't he get invested in Azure? I would if i had known about them.

Sorry to differ with the majority on here re'Max being a company stooge but imo he just got too deep with UFO and is trying his hardest to ramp them back up.

Timing and funds....picking the right time to jump in.

Gla

MrPoditve said.....> Will not be missing out second time around with UFO as a prime candidate not just for the Lithium but also Silver, Palladium, Platinum. Still cannot believe Elizabeth Hill produced the highest Silver rock weighing 145 Kg as all time high ever recorded in Australia.<

I agree and rich minerals may be abundant in most of the region, yet to be realised.

MrP

Azure quite true and could happen with UFO....

Keep Positive.. lol

Lol....Livestock.....no just old fashioned intuition.

It has teally got me thinking....time will tell if i am right...but rise this must. Imo

Martinigirl... today post at 19:05

Good assessment but contrary to the general opinion....i concur that you have made a good assessment if GR

Your timelines are in line with reality....full production is a long waycoff

Typos.....sorry.

Martinigirl is right....GR has fallen on his own sword as his lies cannot change the fact that Zulu probably needs more trials and tests b4 full production can take over.....

They thought it was a great success but imo there is some way to go yet. Let's hope Cannax dont put the screws on Prem and sell us down the Swannee and get the whole Zulu Project into other more able hands.....many months delays?

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While the Zulu plant was under construction GR was in his element and his hyped up strategy never once considered the possibility that things could go wrong and the hype carried on eith the sp reaching 1.1p

The trouble now with George id the realisation that things never EVER run smoothly. And the horrible truth is that to cover up the lies often more lies are told which only makes matters worse.

It"s a bit like building a new project that everyone loves but the reality is that mining minerals can be full of hopes that often are dashed when the minerals are not so prolific as original surveys predicted. Piles of unwanted shale shingke and other waste products can be all you get unless a new location is found to make the plant viable. I always thought building your own plant with contractors could be fraught with problems.

Everyone wants a piece of the action. But when the action ceases, breaks down or even stops altogether....the arguments and disagreements creep in and the lies begin.

Maetinigirl is right....GR has fellvon his own sword as his lies cannot changevthe factvthat Zulu probably needs more triaks abd tests b4vfull priduction can take over.....

They thought it was a great success but imo there is some eaysvto go yet. Let's hope Cannax dont put the screws on Prem and sell us down the Swannee

?

And he did not give shareholders a choice to vote for either a name change and change if business?

How the f... is he getting away eith this scam.

He was responsible for investors' holdings and thus he should have given us yhe chance to vote the new name/change of business or the right to sell our shares.

Put it this way: I invested 27grand into LIONSGOLD....that was what i invested in with the potential to find gold and mine it....

I DID NOT INVEST IN A BANKING STOCK ie TallyMoney....so here CP is guilty of misusing company funds without prior notice to enable shareholders to SELL OUT if they did not agree.

Mis appropriating or misusing company funds for purposes of gain WITHOUT the shareholders agreement is a serious breach of AIM rules.

Why he has not been brought to task on this or even investigated is imo a travesty of judtice.

If i were askedvto cast s vote at an EGM I would have voted NO on all counts and SOLD OUT....

MY investment was in gold exploration and NOT in a gold banking system which i am not keen on anyway.

Why wasn't i given the choice to sell?

Why isn't something being done to stop this crook Cameron Parry from carrying on with this Ponzi Scheme?

I am positive UFO have been approached re a deal... something is DEFINITELY not quite normal. The sp tanks yet i think it will reach a yearly high within days. All will be revealed soon.

There are dozens of operators in W.Aus that would like to own our assetts....not discounting Fortescue that aquired over 40 licences in 2016 by stealth from under the noses of the likes of Rio, Nmt and Newcrest.

I always believed that someone will put in an offer for our licences or a buy in deal JV.

They are in rich areas known forREMs Silver Gold Nickel and Iron ore.....

So whats 's wrong ....?