Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Wents, initially it was the BoD that convinced me to enter when it was so risky earlier on.
Now though, all gloves are off. For me, he has lost my trust, at least for the short term.
I'm in this for the iron ore now. I personally thought the shareholders deserved better, but again, me being naive. This is AIM.
Still plenty of money to be made here and the future valuations haven't changed, but to simply pass this off as a blessing from the gods... Makes me wonder.
Companies and people are allowed to drop balls and make mistakes. And this, today, at 1.1p was just that.
Still, at least we have all the iron ore.
Max, I am a investor and am keenly involved in alien since 0.2p.
But I am also a business man, and when talking about running projects up the value curve, unlocking shareholder value and achieving maximum potential, this is not what has happened.
I am at risk of saying this board is being fanatical. Yes we all know placements happen and they will occur, but why at such a low SP, we could have saved 100m of shares being issued.
I am critical of Alien because I believe in how big this could be and the potential involved. Like I said, I put my business hat on. And this was poorly executed, or something else I won't mention as it's my own opinion.
944, I'm not suprise it was oversubscribed, it is such excellent value at 1.1p. The price action tells you this.
Like when I placed my house on the market and had 10 viewings booked in 3 days and 2 offers for full asking by the end of the week... I knew I low balled myself.
Predator I knew a placement was coming at some point. But I thought a placing after some of the brilliant news ahead of us meant that we could raise funds at 2p+, essentially halving the dilution.
I am confident there are reasons behind it, but not to the benefit of us miserly P. I's. It is in my best interest to see the company make the best informed decisions and at 1.1p I think even the most optimistic of us will struggle to believe this is good news.
Ah well, let's just get 2020 over with.
Sorry mate. I owe you an apology
You were bang on about the placing. I foolishly listened to the RNS which stated built up cash reserves.
Fully take any abuse back, I will learn a lesson from this and hopefully pay more attention to experience from others than believing in fundamentals and 'proper channels'.
I won't say anymore on the placing, I have my own thoughts. But from now on the rose tinted glasses are in the bin, I will view this as the rest of the ruthless, distasteful AIM family siblings.
Nothing has changed the fundamentals and the future outcome of the business, but more my outlook on the company.
No AD,
'To all those that get offended by Gino’s comments, please grow up a little - If you’re a new investor and genuinely have come on with so much enthusiasm and you’ve been shot down by him then yea maybe his emotion may bite a little!'
So if anyone questions Gino, they are upset and need to grow up. But if he responds to others it's classed as them getting shot down?
I like Gino, good source of posts and well seasoned, but because people have been invested in a share longer than others is a pathetic reason to roll over if you disagree with something said. He is a big boy, and can handle himself.
Simply put, people are trying to inject some energy and pace into the board at a time when nothing much is happening and news is impending.
How is that a bad thing? My take on it was, why not just stay silent.
Its not doing any harm and people were not posting misinformation.
Just to clarify, this is a dialogue response to your question, not me getting upset.
9k. Scoote are you the person who asked alien metals home page if they were a real company?
Also, for sake of clarity. I met up with TKIA yesterday and mulled the situation over. Was really reassuring to put our brains together.
I can confirm the number of shares held by TKIA. The reason I am confirming this is because here is an individual with a severe amount of money invested in the company.
I am not saying he was reseached more than anyonelse with less invested ... But when you have such a large holding you do not charge in blindly without extreme due diligence, and on top of that, continual evaluation of the companies performance and visions.
The well researched know we are in good shape now for some ground breaking achievements for little UFO.
Thanks for the coffee again mate :]
I'll put it this way wents, it isn't fantasy.
No need to wish it down to 0.7 matey, plenty of multiples to be made from here to all that are patient.
Enjoy your weekend everyone. This one is truly ours and the bounce of the selling pressure encourages me where we will sit until news lands.
CASAVAJINA. Under what grounds do you forsee there being a placement:
"TURNER POPE!"
Oh. O.K then.
"TURNER POPE!"
There will be another placing next year most likely once the SP gets a lot higher. That's the point though, placing for more money to develop and grow and add increased value to us all.
But why would anyone dilute at a lower SP when there is so many projects and news releases coming in as they progress up the value curve, increasing the SP.
Its not like they need the money, like Malik said, their cash position has been noted a few times and what would be the point in placing now at this level?
I love it when morons make comments with such conviction.
TKIA.
We have been given a buy rating and valuation of moon.
From my experience the bigger market is usually a moron.
Don't really get you, Gino. You accuse people of ramping for promoting their a share they have invested personal income in. I mean christ there was literally no volume of posts on ECR board, it was a morgue. And you slam someone for trying to keep peoples interests up whilst we all wait.
No need to start accusing people of pumping. The only thing I can see pumping in here is your gums.
At least they are releasing some news on different platforms instead of no representation. The only other thing they can post is: 'sorry folks, no update because COVID and Australian regs have shafted us.'
"Speak only if it improves upon the silence."
All we have to do it wait. If the SP drops more it presents itself as a buying opportunity.
I like Max, he does a good job of bringing existing information to the front for new members and helps me remind things I may have forgot about. The only thing off is his timings, which I am sure he will agree with me. (I tried many times in the past and failed - its not for me)
It is very difficult to predict short term in this market. Especially with the added volitility Silver brings, having a beta value of 2, being a junior, the AIM market and the current balance between nations to try and inflate markets. Even the best are treading the unknown.
I just think some would be best reigning it in. We know what resource we have, we know what's coming, it's just a matter of time.
Granted it does not help psychologically seeing the SP constantly being beaten, once the news comes, it will rerate around true value, but ultimately will hinge upon the JV's and farm ins.
These boards should be used to take and intercept information. But ultimately I feel there is a wave of people who will buy solely on reading BB entries. Something I never though people would actually do.
My personal target for EOY was 2 - 2.5p so in the same position as you. It should achieve it based on the lab results from the iron ore alone, but I imagine we will be a play thing until the II's turn up.
Moving up a league will be a huge advantage for UFO.
Fair play to you Sipp, you did say that.
He said 5p by May 2021.
Chris2,
You said the rampers on this board made your mind up for you and you sold out...
Are you saying that you let faceless avatars influence your investment decisions?
I know where you are coming from Seren.
I had both UFO and BZT (along with GWMO) at one point and between all 3 of them it was horrendous. I got rid of BZT, like you said, something had to give.
Having them both in your portfolio is like being on drugs.
Saying that just looked at GWMO today... Hopefully it can keep its gains!
EUA here aswell. Our day will come :]
All the best Serendipidity.
I have always said from the start this share requires a strong mind but an even stronger stomach.
There will be plenty of money to be made from this price in time (and the price you invested in), but hopefully your next investment bears you fruit.
Agreed Max, sometimes sitting on your hands is the hardest part!
The patient ones will leave the arena with the money.