Member Info for Max111

@ArmchairTweets writes on Alien being given the option to increase its stake in the Hamersley #IronOre project to 90% as the project continues to progress towards Direct Shipping Ore (#DSO). Read in full:
https://twitter.com/AlienMetals/status/1562790230259671041

Hi Bishop. You don't need to be on the board to be a CEO.
As per the "Board and Management changes" RNS "Bill will remain as a non-board CEO":
https://www.londonstockexchange.com/news-article/UFO/board-and-management-changes-and-results-of-agm/15561232

@Share_Talk spoke to Bill Brodie Good, CEO @AlienMetals about the Revised agreement for Alien to acquire 90% of the Hamersley Iron Ore Project ???? #UFO currently has a 51% direct interest in the Projects. Video interview released shortly!
https://twitter.com/Share_Talk/status/1562766536103759872

Yes Metalhead. SP was up nearly 10% most of yesterday and all the way to close. After Close it jumped an extra 4% which I also noted.

Also I keep reading lies about the SP of junior explorers only going up when they start production etc. This is nonsense.
What caused the SP of POW to double within a week and how close are they to production?

UFO massively oversold with resources we have (US$1bn DSO & US$5bn PGM & Gold open at depth & along strike + Nickel, Cobalt & Copper) and the DSO Resource is just about to be upgraded ;)

Alien ups stake in Pilbara iron ore project
https://www.miningnews.net/m-a/news/1438389/alien-ups-stake-in-pilbara-iron-ore-project

The CEO who warned at the beginning of the year that North America’s steel market was a “falling knife” is calling an end to the carnage:
https://twitter.com/business/status/1562179657759428611

Interesting we have finished with SP up 14.29% at 0.60p:
https://www.londonstockexchange.com/stock/UFO/alien-metals-limited/company-page

Performance payment is to provide an incentive not to dispose of Hamersley and to continue to mine it.

If we dispose of Hamersley soon and get a large cheque, Windfield will not be happy with having just sold 39% to us for a total consideration of just £1.8M! This is the point.

In case of a spin out, then the Performance Payment delays the extra amount rather than paying now with such low SP.
I am happier paying the Performance Payment later if there is a spin out when we are closer to fair value of 2.7p than larger acquisition cost and with heavy dilution now, especially when you take away 50% of the incurred project expenditure (this was also added).
Also in case of spin out with a Bankable Feasibility Study, the performance payment can also be paid for via loan rather than placing (nearer to the fairvalue of 2.7p).
Can still keep around 90% of future profits of Hamersley. Much better than 51% interest.
Plus obviously the key is to facilitate getting into production now that we will have 90% interest.

Yes Wents. People need to keep reading the Daily Mail ;)

"Alien Metals, whose market ticker is UFO, says new drilling at an iron ore project in Australia may raise its resource estimate for the deposit."

https://twitter.com/MaxUFO8/status/1530568797043798017

Lots of great info to digest. Also should get results and updated resource soon:
“Over the months we have done some more drilling and we are just getting final results and compiling that into an updated resource.”

No, 90% of all future profits of Hamersley including Hanc0ck & Brockman (with est target of 233Mt!).

Alien Metals gets option to take 90% direct holding in Hamersley iron ore project
https://www.proactiveinvestors.co.uk/companies/news/990879/alien-metals-gets-option-to-take-90-direct-holding-in-hamersley-iron-ore-project-990879.html?viewSource=TwitterUK

Nice one Dip.

"c.200% upside potential, which may be reflected in Alien’s share price as it responds to anticipated news flow in the coming weeks and months."

RNS:
"The Company looks forward to updating investors on the development of Han**** in coming weeks".

Bring it on :)

Yep, I would say it's a done deal and why Bill took one for the team and stepped down from the board (whilst remaining as non-board CEO) to get the deal finally over the line.

Looking forward to the Share Talk interview with Bill/Rod now :)

Can get to WHI Research Note from here:
https://twitter.com/research_tree/status/1562331413567131649

https://www.r esearch-tree.com/

WHI Research Note from https://*********************/
"WHI View: As Alien positions itself as a DSO operator, with its low capex and simple business model, we expect Alien to rerate. The Option Agreement executed today is considered in our fair value (2.7p/sh); we will continue to monitor Alien (and our fair value) as plans are derisked."

Yes Metalhead. Gamechanger that we will now own 90% of Hamersley and all future profits instead of just 51%.
The deal previously involved issuing 200M shares at 1.10p, but obviously different story with current SP (less than half). So still fantastic deal to acquire additional 39% for just £1.8M and paying just £60k cash.
Once we start harvesting the ridges, this amount is very, very insignificant.

Back in 2020 when the Company Update on 16th Oct (day before when the SP shot to over 3p) they mentioned they were in talks regarding increasing our interest. At that point I was thinking we would get an extra 10% or so.
No one dreamed of getting 90% of Hamersley.
Now we will own 90% :)

Revised agreement for Alien to acquire 90% of Hamersley Iron Ore Project
https://www.londonstockexchange.com/news-article/UFO/revised-contract-for-90-of-hamersley-iron-project/15597935