Member Info for Max111

SP back to 1.05p as I expected.
I was getting quotes just a couple mins ago to buy at @1.096p.
Now NT to buy at the moment.

A close above 1.10p opens the door technically to 2.5p within a couple months. GLA

Maybe someone trying to trigger the algos to sell?

If I didn't make dummy quotes, I might have been misled.
We will see how we will open tomorrow.

The SP has to be the mid of the bid/offer spread. Therefore, the SP can't be the bid price.
I'm sure it will readjust when we reopen in morning.

Also since the dummy res buy price was pretty much at the full ask at close, it is more likely we get a tick up than tick down.

But the bid/ask has stayed at 1.00 / 1.10, so must be just a glitch.

The SP just got ticked down to 1p. That is so weird since I was getting quotes to buy just before close @1.096p.
We had x7 1M buys today also.

That was the last traded price, a late sale @16:35.

But the SP (mid of bid & ask) is 1.05p
https://www.londonstockexchange.com/stock/UFO/alien-metals-limited/company-page

It's 1.096p to buy now. Can't believe you can still buy just under the placing price.
But can't see many more shares being available under 1.10p for very long at all.
Re-valuation & re-rate coming.

Another 1M buy. Price ticked up again. Now 1.049p to buy.

UFO is ready :)

Yes the 1m @1.039p are buys since price ticked up to 1.04p.

Looking forward to getting above 1.1p since as Zak Mir said, "Above 1.1p could lead to 2.5p as soon as the end of June."

Due to previous placings to raise funds.

Rambler has over 10B shares in issue and had a placing in February by issuing 2.5B shares. But it didn't stop their recent significant rise.

Hanc ock ranges has a low case of 5M tonnes and high case of 15M tonnes.
Brockman has low case of 67M tonnes and high case of 233M tonnes.

Our current downside valuation is 1.21p/share and that only factors in 5M tonnes at Hanc ock Ranges.
Therefore, anything more than 5M tonnes at Hanc ock will lead to a significant re-valuation.

Turner Pope's previous Research Note stated:
"Importantly, several kilometres of BIF has been identified with high grade ore which bodes well to achieving the Group’s
exploration target tonnage target of up to 245 million tonnes, which could potentially even need to be revised upwards following results from drilling that is expected to get underway in Q1 2021."
https://mcusercontent.com/d9ebd7c1aa0f3dbc5fab42eca/files/420ad11c-4a90-4c16-950a-3107dd1c5d22/AlienMetals_2_12_2020_FINAL_BG.01.pdf

I listened to an interview with Jim Williams and he said they actually tried to go via the JV route, but couldn't attract a JV partner at the time due to the low silver price. JV's and M&A activity mainly happens when the producers are making significant cashflow (as they are now) and need to re-invest into future production.
Therefore, Arian at the time had no option but to try to mine the silver themselves.

Very different story now with BHP, Rio & FMG who are on our boarder in Hamersley and are making record profits.

In the webinar last week BBG said:
“On Hanc ock we have done surface sampling. Significant results have been received from that work.
More recently we have just completed a maiden drilling programme and we are now working up the results, the geology, the analysis, the assays, putting all that together. Very excited with what’s been done and looking forward to updating the market.”

They were drilling at least 4 targets at the Hanc ock Ranges.
That's a lot to go through, so I have no idea how long it will take. But can't be too long now.

The last traded price was blue, but the actual SP is 1.05p. But I don't think it will stay down for long. As we have seen, a little buying pressure and the MMs run out of stock.
The recent trading action reminds me of last October, when we suddenly get some G-force and the SP jumps.
IMO anything under the placing price of 1.1p is a bargain.
As Zak said "Above 1.1p could lead to 2.5p as soon as the end of June!"

I'm really not expecting an RNS, but it can be issued at any time. Eg the Donovan 2 Exclusivity Agreement JV was issued before we were due to drill first.
Personally, I would like a nice build up before the news.
2.5p by June would be very nice :)

The price of silver in 2015 was was $14/oz.
The breakeven for Arian's San Jose mine was over $14/oz.
They ran out of working capital and had to forfeit their mine to their creditors Quintana.

What if the price of silver wasn't suppressed?

At current silver prices it's a different story.

MMs short of stock this morning. It's going to be a very good day :)

Hi C.21, we have an est target of 245M tonnes of Iron Ore. If we hit it (Turner Pope said we might actually surpass this target due to several kilometres if BIF discovered) and once Hamersley's aggressive discount factor is reduced from 80% to 60% as they have done with Elizabeth Hill, then the Upside Valuation when using the correct est target of 245M at Hamersley is = £221,620,000. This equates to 6.5p/share.
Then add to this the resource amount we will be able to achieve at Donovan 2, San Celso, Los Capos, Elizabeth Hill, Munni Munni North etc.
Then add the value that JVs will add to the SP.

Therefore, if you are patient, then IMO the SP has the potential to even multi-bag from 7p.

The patient investors will finally be rewarded :)

The stock is ready to explode technically and fundamentally as the company updates the market.

But this is just the start since we are also about to launch our maiden drilling campaigns for:
San Celso
Los Campos
Elizabeth Hill
Munni Munni North
Brockman

It's going to be an incredible ride as we go through the metals bull market. GLA

https://www.share-talk.com/weekend-edition-bulletin-board-heroes-sunday-25th-april-2021/#gs.z38ol4

9.20mins = https://www.youtube.com/watch?v=r_OqlZwzNEg

"Good to see a stock back in business technically!"

“2.5p probably by end of June!”

"Above 1.1p could lead to 2.5p as soon as the end of June"

https://twitter.com/NorthstarCharts/status/1385716994855604228