Member Info for Max111

Lol. I'm following the Mining Forum on Twitter and keep getting all the updates.

In the previous RNS it stated:
"Alien's attendance at the Mexico Mining Forum will be an excellent opportunity for us to directly engage with key stakeholders and investors in the country. We are very excited to be involved and look forward to meeting other attendees from the mining community to both showcase our exciting projects and also to discuss potential further opportunities for Alien in line with our strategy."

Looking promising ;)

Fresnillo and Carlos Slim’s Minera Frisco are also close by, so hopefully there will be a bidding war!

It's the last panel discussion at the Mexico Mining Forum now.
Bill has been networking with all the companies during the networking sessions. Hopefully it will prove to be fruitful.
Bill has big plans for Mexico having employed a full-time senior geologist there. Looking very exciting.

Hi Rocket57, I think Endeavour Silver will come knocking very soon since they are literally next door to our Los Campos mine.
This is what Bill said at the webinar, “Los Campos is tucked in next to Endeavour Silver. You could almost say they are the same system, just slightly off-set. Los Campos has over 2km of strike. Very excited to put some drill holes through that.”

Yes they might even do a deal before the drill results. This is exactly what happened with Donovan2. We were due to drill first, but then Capstone signed an Exclusivity Agreement since the price of Copper was shooting up.
In a bull market things can move very fast.

UFO is different from other junior explorers/miners. UFO is a project generator.
Although we don’t currently sell any physical metal, we do have a For Sale/JV sign on our portfolio of properties. IBK Capital are actually actively marketing our Mexico high-grade silver projects.
As the price of the metals increase, the miners mining the metal make significantly more profits.
Hence why BHP has become the most valuable company in the FTSE 100.
They large companies either have to pay those profits in the form of dividends to shareholder or invest into future production.
There has been massive underinvestment in exploration due to the long metals bear market we have had.

Silver is unlike other commodities. It is a tiny market. There are very few high-grade silver mines.
Once the price of silver breaks to the upside, it makes our portfolio of confirmed high-grade core silver assets much more valuable. We also have a JORC compliant resource at Elizabeth Hill.

It's not Alien Metals doing share buy backs. It's the non-exec director suddenly making a large purchase with his own money prior to news flow.
I can only see this as a strong positive indicator.

Yes no doubt MC has at least pension funds and other funds etc.
It's interesting that he has taken a big position in UFO having joined the Alien Metals board in July.

Hi StarBright.
Morningstar:
https://www.morningstar.co.uk/uk/news/AN_1612364090328616700/in-brief-alien-metals-non-exec-director-buys-gbp62500-in-shares.aspx

"The purchase is Culbert's only holding"

Hi Troubleatmills. The only reason why Arian Silver didn't make a profit was due to silver being in a bear market.
They did all the drilling at their San Jose mine in Mexico but since the price of silver was low, they couldn't get a JV partner.
They then decided to develop the mine themselves and produce themselves and hoped buy the time they come to sell the silver, the price will have moved up.
They got a loan from Quintana to develop the mine.
However, when they came to production in 2015, the price of silver was $14 and their production cost was also about $14.
They then had to forfeit the mine to Quintana.

Silver, Copper, Gold and Iron Ore are all in a bull market and thus all of our high-grade projects are now economically viable projects.
The larger players are making huge profits which they will need to invest into future production.
There will be a frenzy of M&A activity this year.
UFO is very well placed to benefit from this.

Great posts. Also a key indicator for me is the non-exec director suddenly going all-in on UFO last week. He invested £62,500 and bought 5M UFO shares at 1.25p. That's his only holding.
Looking very promising ;)

It was interesting this afternoon when both gold & silver spiked straight up and were then smashed down.
If there is not physical, I can't see them continuing the charade for much longer.
It's clear to everyone now the paper market is a sham.

Here is a 6mins metals update form Gary Savage (David Brady follows his work).
https://www.youtube.com/watch?v=LS_Wlkktf2Y
Gary is normally cautious in his analysis but is now saying they can't continue the manipulation for more than a week.

“I don’t think they are going to be able to hold this for more than a week and it may break by the end of this week.”
“Price will move up rapidly and create a short squeeze and force the banking cartel to start covering their shorts into a rising market and it should power a very aggressive and powerful move to the upside.”

There is not physical liquidity in London. It's going to get very interesting!

News expected over the next couple weeks:

Air Mag Survey results due mid – late Feb.
The assay results from Hamersley drilling due late Feb.

Drill permits for San Celso & Los Campos due soon.
Capstone to commence drilling Donovan 2 soon.
Drill permit applied for Hamersley Brockman. Normally takes about 15 days to be issued in WA, so should receive this month and announce a maiden drilling programme for Brockman 2000-3000m drilling.

Finally ticking up nicely now. 1.179p now to buy 1M.

Definitely accumulation going on.

£1,100 worth of shares is just a nominal amount.

It is good to get the vendors to be invested into UFO.

Hi Pops. It's adjacent to San Celso and will essentially add on to the San Celso project.

In a previous RNS 16/09/20 it said it "will increase the high grade silver mineralised strike length from 2,500m to at least 3,000m".

x8 300k buys just went through.

Great investment.

UFO is a well managed & well funded company with fantastic high-grade assets and is now aggressively driving exploration at our projects. I have no doubt UFO will be AIM's most exciting share of 2021.

Price just ticked up to buy. Large buy must have gone through.

Also this is very well timed to coincide with the Mexico Mining Forum starting today!

It shows to the other players we are active in Mexico.

Great work Bill!

Low-cost acquisitions is the key to our success.

If silver has a good day today, this will be perfectly timed!

*US$100,000 cash