RE: Buy5 Feb 2026 20:01
@ chrisatbirdies ;
i am frustrated and i can see where i am coming from. the lack of progress and communication from the board of directors is really disheartening for all investors.
it’s true that the past few years have been tough, and it often feels like the bod isn't prioritizing the shareholders' interests. however, i believe i might have a glimmer of hope with the new director, bruce garlick. his commitment to being judged after 12 months gives me some confidence that he understands the situation and is willing to take the necessary steps to turn things around.
it’s important to give some time for any new strategies or changes to take effect.
the company has demonstrated significant momentum in recent months that directly counters the frustration about inactivity. as of february 2, 2026, alien metals completed a major transaction securing greentech metals as a joint venture partner for the munni munni platinum group metals project, and separately announced a joint venture with west coast silver limited for the elizabeth hill silver project. these aren't merely partner announcements—they represent monetization events that validate the company's assets.
drilling programmes have recommenced at munni munni as of january 29, 2026, with greentech already committed to advancing work at the project following placement commitments in early december. this directly addresses the investor's complaint about lack of urgency and positive news flow.
the company has explicitly stated under its new leadership that "the rate of progress continues to accelerate" in both uk and australian operations. the han**** iron ore project—the flagship asset—contains 8.4 megatons of jorc-compliant iron ore resources at 60% fe, designed to deliver a 2 million tonne per annum operation over 10 years. this isn't speculative; it's a defined, near-term production asset with direct access to port hedland, one of the world's largest iron ore export hubs.
the investor can evaluate progress by monitoring: completion of the munni munni feasibility study (which alien is free-carried through as a 30% retained interest) advancement of the han**** iron ore development pathway, and the advancement of elizabeth hill silver exploration under the west coast silver partnership. these are measurable, time-bound deliverables that provide objective benchmarks within the suggested 12-month evaluation period.
i plan to hold onto this investment for the next 12 months, but i’m looking for the right moment to minimize my losses in this stock.
Sign In
Follow the stocks
