Member Info for ID78

At the same time 0.20p is support at the moment ..

I use marketscreener for charts… technically about 0.15/0.16 is the resistance line of the old downtrend so I’d agree with that number.

Like I said a bounce from here is very bullish :-)

https://www.marketscreener.com/quote/stock/ALIEN-METALS-LIMITED-46736816/

It’s like I said yesterday - negotiating from a strong position.

IF JV partners are looking at the core and offering a derisory JV then the placing is simply WSBN saying we don’t need your money - look we will raise now to guarantee drilling till 2026.

And we will raise once the SP rises when the assay results come through and the SP goes up. We then won’t need any money till mid 2026. By then we will have drilled and proven up a larger asset and you’ll be lucky to get a JV.

I agree Jamrock.

Fundamentally a pullback to bounce near the old resistance is no bad thing. It underlines the breakout of the downtrend

A deep drill is risky?

If the geophysics is telling you the gold is deep you drill deep. Drilling shallow would by novice and a risk to the company. Look at WSBN they drilled to shallow found nothing and the SP collapsed

Yeah it’s pretty strong really. That is the reaction to a placing at 1.25p - we go to 1.40p.

The SP is strong

The reality is that is the worst the SP will do.

That is the absolute worst pullback we could see before it kicking on again.

Has been consistently deramping on WSBN as WSBN doubled in SP

Hopefully he or she has the same affect here.

This can’t go much lower and the next move up will be well into the 30s or 40s :-)

Ps I can sell no bother

GSENT - you are also desperate here

Business owners you forget 4

1. Money in bank

2. Cores away being sampled

3. Close proximity to major mines.

4. The geologists we have hired have congratulated us on our mineral discovery

You are punting on outstanding results. Simple as that.

Lol GSENT is telling us people are selling and the market ain’t ope

Yep probably for the best warrie.

Ade is desperate it’s plain to see

And they just congratulated WSBN on their mineral discovery! Says it all.

Tons of new shares? It’s a tiny % of the shares in issue.

Ads is at it bits and girls

A breakout of that strength backed by drill results (on a free carry drill campaign) with exceptional silver grades - as the price of silver itself is breaking out - and it’s a ‘small blip’.

If ever someone was having a laugh / on the wind up it is you smiller! Aptly named IMO.

We’ve broken out of the downtrend!

The fact there was such a long downtrend - we are in at the bottom.

The drilling has validated their modelling. The modelling told them there was a high chance of gold if they drilled there…

Manifesto you find it odd to be told they are funded for drilling till 2026.

Why is that odd?….. the rest of us find it reassuring

Downtrend???

Umm - turn your phone / tablet / pc the other way round its upside down mate.