Member Info for Max111

The 17M @0.521p trade as I mentioned before I think was a placing holder that sold at 0.521p and gets back his shares at 0.50p (in order to make an easy arbitrage trade).

But at 0.565p, it's a buy. Question is who has £226,000 cash to invest?! Plus they must be very confident.

40M after close buy @0.565p at 17:07 just showed up!
Just before close I did a dummy trade and was getting 0.549p to buy.

Someone/thing getting in big!

Wow!
Placing successfully completed
https://twitter.com/VO Xmarkets/status/1567897991381401601

Hello Wents. I make the 17M @0.521p trade at 9am to be a sell. The placing holder sold at 0.521p and buys back position at placing 0.50p. Guaranteed arbitrage riskless profit.
170M shares traded so far by lunchtime!

As you say Wents, "Have faith for Super September". They always have to put a placing before news flow. By end of today, not much left for the coming news flow.

Alien Metals #UFO was one of the most followed Co’s on @VO Xmarkets in the last 24 hours. See the current top 10 here >
https://twitter.com/VO Xmarkets/status/1567820258014121984

Rod has just put a £250,000 bet on the following:
"We thank the Anglo American team for the interest in and support for our project and we look forward to working with them"

I have a good feeling we are going to have a very good relationship with Anglo American :)

116M shares traded in just 2.5 hours! Onwards & upwards Aliens :)

@Dip, you are basing your views on Rod on what a couple people posted on Bluejay on the day he handed in his resignation. Obviously the couple Bluejay shareholders will say it was good he left. What did you expect.
You are also basing your views on what smiller asked the Bluejay BB about their views on Rod and 1 person replied and complained about delays. This is exploration during a pandemic!

The fact is Bluejay was trading at 0.55p and Rod took it to over 26p! He left Bluejay to join UFO. Very difficult to mine in Greenland with lack of infrastructure, skilled workforce and short mining season due to harsh winter etc etc.
Very different in Tier1 Pilbara. Infrastructure is all there, skilled workforce commutable nearby, port & airport, mining lease in place and all waiting to kick off with the backing of Anglo American.

Bluejay was trading at 0.55p and Rod took it to over 26p!

Director buys are generally good buy signals. £250,000 is a huge buy signal!

We have 2 projects in the Pilbara which IMO will be transformational in market cap terms and now have a very motivated management team with connections and skin in the game to finally unlock them. It's a winning combination.

https://www.proactiveinvestors.com/companies/news/992131/alien-metals-raises-1-5mln-in-placing-to-progess-australian-projects-992131.html

"Newly appointed chairman Roderick McIllree acquired 50mln shares, taking his holding in the company to 0.99%"

Dan never did an "exercise and sell" on his options even though the SP went past 3p.
UFO will eventually go double digits.

More big buys. 2.2M, 2.7M, 3.5M and 1.4M all buys.
Big boys getting in now.

"The total Common Shares in the Company now held by Roderick McIllree is 50,000,000 Common Shares representing 0.99% of the issued share capital of the Company"

Rod betting on UFO with £250,000 of his own cash and now owns 1% of the company. Must be very confident about unlocking the resources.

Result of Placing and Subscription
https://www.londonstockexchange.com/news-article/UFO/result-of-placing-and-subscription/15619396

Not sure if certain people are aware, but UFO has strip ratio on the rides of of 1:1!

Fenix has a strip ratio of 2.86:1 meaning that mining 1 tonne of ore requires mining 2.86 tonnes of waste rock!
I.e. they have to mine almost 3 times as much as UFO to get the same quantity of DSO!
This is a huge difference in mining costs.

UFO just need to shave off the top of the ridges with a surface miner.
Plus Fenix have a very narrow BIF that goes down to optimised open pit of 155m. This means they have to keep drilling & blasting down. It gets more & more expensive to keep spiralling down with blasting & travel time to get the ore to surface.

UFO has a huge advantage here.
Recent RNSs also state:
"Project hosts significant potential to find more Direct Shipping Ore (DSO) grade material on the tenement across RIDGES F, G & H"

Yep, those figures are from this website which can't distinguish between a buy and sell (it can only guess using mid of bid/ask).
Only accurate figure is the volume traded.
The 5M was a buy (it was above the buy price I was getting quoted for 1M at same time = 0.607p).

Yes Wents. I see Rod has the man brining in Anglo American to unlock the Karratha region.
Karratha’s got the infrastructure. It’s all there waiting to kick off.
Tier1. No1 mining jurisdiction. UFO has mining leases in place at EH & Munni Munni.

The fact that Rod will eventually get 4.83% of UFO once he pays for his shares to me shows that UFO is the chosen vehicle.

Not long until Hanc0ck starts pumping out cash, then the Pilbara really is our oyster ;)

5M buy @0.62p. Follow the money :)

This is why I'm mostly interested in battery metals at Munni Munni and I'm not going anywhere until they are fully unlocked.

Previously the battery metals were not economic, but they are now. No resource has been established for them at all even though there is a massive volume there which is associated with PGE resources. Huge upside.