Member Info for Max111

Hi happypennies,

I can only expect the SP to increase significantly once we get the permits for the x3 Mexican projects (San Celso, Los Campos and Donovan 2).

But to unlock real value comes from getting the JV Partnership deals so that they can monetise the mines.

As per the M&A update RNS 26/10/20, “IBK Capital have commenced the marketing process for San Celso and Los Campos.”

Interestingly, one month prior to our JV with Capstone Mining for Donovan 2, an RNS was released on 12/08/20 stating IBK Capital were appointed to assist with the JV Process for Donovan 2.
Bill stated in that RNS, “IBK Capital has an enviable track-record in accessing funding for many junior mining companies and we look forward to a long and fruitful relationship, STARTING with the Donovan 2 project."

Therefore, once we can get the drill results back from the x2 confirmed high-grade silver projects, it shouldn’t take long to get a JV. Especially since Fresnillo, Endeavour Silver and Carlos Slim’s Minera Frisco are our neighbours.

Disruptor, lets agree to disagree on all but one point and I hope for you that you don't get locked out.

BTW, if you want to get in touch with them, I have called them on a couple occasions and got through no problem.

Siobhani was the lady that picked up the phone and she put me through to Sean Dexter who was very nice and helpful.

I do agree with you when you say, It has an excellent future ahead of it.

Hi Disruptor,

With regards to the funds the placing RNS actually gave quite a bit of information:
https://www.alienmetals.uk/wp-content/uploads/23112020-UFO-Placing-RNS-Nov-2020-Final.pdf
In the webinar Bill gave some detail also:
https://www.youtube.com/watch?v=aEwsMmkqh2g
But obviously you can’t expect Bill to publish the company plans. That would be counter productive.

With regards to the 49% stake of Hamersley someone asked the question at the webinar, but it want to the previous speaker! But I think it should be straight forward since Windfield Metals are our TR1 backing us and have never sold a UFO share.

With regards to dilution, our terms of getting financing have improved massively. Eg. The first 2 placings included warrants. The 3rd placing didn’t. The 4th placing included Professional & a strategic Institution. At the webinar Bill said, “Shows we are doing the right thing. We are driving in the right direction.”
26th October M&A Update RNS stated:
“The Company will continue its efforts in exploring and developing the projects and simultaneously consider third party funding options to develop and mining the projects minimising dilution to shareholders.”

You say we should have firmed the iron ore assets up first before placing, but £2M budget across 6 projects wouldn’t leave much to drill out Hamersley properly whilst progressing all the other projects. Bill said, “Kalgan is our number 1 priority drill target out of at least 5 we need to work up.”
The last thing we want is a repeat of Arian Silver who had to forfeit the Mexican silver mine to the creditors in 2015.

With regards to the Mexico assets, don’t forget it’s not the commence of drilling that will increase the SP, it’s the RNSs stating we have been issued with the permits and then setting a drill date.
Bill said covid has caused a delay from the Ministry in issuing such permits, but they know they will need to speed things up since it’s causing a backlog.
We are due x3 permits = San Celso, Los Campos and Donovan 2.

I don’t agree with staggering the projects as that will take forever as experienced with Arian Silver.
Bill said his is consolidating and advancing all projects.

With regards to Donovan 2, that was a great 1st deal for us. It has shown we can make deals and going forward it will be of great benefit to JV-ing the other 5 projects.

With regards to retraces, I believe our long term chart pattern will be similar to GGP as we move from junior to mid-tier.
As Bill said, “Yes we are a junior, one day hopefully we will be a mid tier or maybe even a major, everyone has to start somewhere.”

With regards to warrants outstanding, the holders have made the CGT allowances for this year so unlikely to exercise any more unto after April.

With regards to sending multiple emails sent to the investor team and no response back, be patient. After all it’s just a small company on AIM, not a FTSE 100.

I do agree with you when you say,

Or you might get locked if we get the POWs for Elizabeth Hill & Hamersley, and the drill permits for San Celso & Los Campos and Donovan 2. Bill said in the webinar regarding EH, "We are hoping we can actually start before the festive season."

When UFO wants to move, it can more than double or triple within a week. No one can predict when. If we could, we wouldn't be on this website!

Good luck with everyone's choices.

Hi Disruptor, previously we only had £2M in the bank to budget and spread across 6 projects which wasn’t very much per project.

Previously Arian Silver just kept San Celso & Los Campos in the drawer while focusing on another project. Funding is always an issue.
Bill is now aggressively driving exploration for all projects.

As Bill said in the AGM:
“Funding has given a great boost and capacity to add projects.
One strategic large scale institutional investor wanted to get in asap. Strategically it was the right thing to do. Gives opportunity to everyone to develop and grow.
We can drill 1 more meter and dig anther trench. Doesn’t want to cut corners. Proper drilling and do metallurgy.
Now have funds to advance rapidly for all our projects.
We are in an incredibly strong position. Wants everyone including all the smaller individual investors to benefit from the placing.”

We can just hand over our projects to Mid/Large tiers without doing any exploration work ourselves as we did with Donovan 2, but this will mean a much lower percentage.
We can now plan & budget to bring up all 6 projects up the value curve and thus unlock much more value for shareholders.
If you have a long-term perspective, it was the right thing to do.

Chris2, this BB is called, "Share Discussion for Alien Metals".

If you don't agree with something in my previous post, please say so and give your reasons why, so that we can all have a discussion. That way everyone can come to a better informed decision.
Lets not behave like children on this BB.

BTW, the SP drop in November was mainly due to Aznav selling out (which we have just replaced with a "strategic large-scale Institutional investor") rather than anything to do with the fundamentals.
The fundamentals have only got much better with UFO for the reasons I gave in my previous post.

PM Fund Manager Ian Williams said, “If you want to buy PMs you should buy silver instead of gold because it will go up twice has much in a PM bull market, maybe even more. If you don’t want to buy silver over gold you shouldn’t buy either of them. We can’t see any argument for buying gold instead of silver if you believe we are going to have a bull market in PMs.”

It’s all about leverage. Worldwide there are a lot of decent gold miners, but very, very few decent silver plays. On AIM, UFO is uniquely placed as the best junior silver play due to its x3 confirmed high-grade silver projects.

Looking at UFO’s chart, you can see a perfect consolidation has happened and it’s now primed to make a large move up.
People were anticipating this to take place 2 weeks ago on 23/11/20, but we had the placing instead.
The placing at 1.10p has set the floor. We now have a “strategic large-scale Institutional investor” onboard providing “corner stone support”. The extra £2.5M of funds will now fast-track activities at all 6 projects which means a fast-tracking of RNSs.

Analysts are anticipating $30 silver by end of year as the US Dollar DXY heads to 88.
This will light a fire under the junior silver miners as everyone will need to get positioned.

We are also due a delayed reaction re-rate for Hamersely. After surveying & sampling Kalgan with “helicopter support” and the lab results confirmation of very high-grade DSO IO, Turner Pope upped Hamersley's exploration target to "245 million tonnes, which could potentially even need to be revised upwards"!
Iron Ore is now $141 and set to hit $150 in Jan/Feb according to the FT.

All of our 6 projects are subject to M&A activity. Ian Williams also said, “There is going to be a feeding frenzy of M&A.”

Therefore, people selling now and buying back in 2 months, IMHO will be selling at the trough to buy back in at a high since we will be drilling Hamersley “very early next year”. Also we will be trenching, surveying & sampling Elizabeth Hill & the 117km2 extension, and drilling x2 high-grade silver projects in Mexico and Capstone will be drilling Donovan 2. Hence why Turner Pope is anticipating “heavy news flow”.
But good luck to all. At least everyone can agree UFO will have a very Happy New Year!

Yes Bill said his team are ready to start at Elizabeth Hill now and just waiting on the POW. They are just waiting there twiddling their thumbs at the moment! Hopefully POW will be issued before the festive period.

Gold & Silver just completed their backtest. Doller going down.
Very bullish as we go into the weekend.

Yes Nap, after surveying & sampling Kalgan with a helicopter Turner Pope upped Hamersley's exploration target to "245 million tonnes, which could potentially even need to be revised upwards"!

https://www.youtube.com/watch?v=aEwsMmkqh2g

Ok, myEvian. Lets see if you can buy back in at 0.75p. LOL

When they released the September Corporate Presentation, it generated a lot of interest in the company.
Perfect timing now as the dollar starts to tank and silver heads to $30.

AlienMetals releases Corporate Presentation December 2020
https://twitter.com/AlienMetals/status/1334844282113560578

Hi Lowbands.

The Arian Silver days must have been very painful with the previous management team.

Bill said yesterday regarding Arian Silver, "San Celso and Los Campos were shoved in the drawer while another project (I think the lithium project) was focused on and fortunately they were still in the drawer and we've got them back out."

It really goes to show how much a transformation Bill has made.
He said although some projects are at different stages, he is moving all 6 projects forward!

Definitely Lowbands.

Bill is not a boastful guy. My favourite comment from last night's webinar was when he said, "Yes we are a junior, one day hopefully we will be a mid tier or maybe even a major, everyone has to start somewhere."

We have x5 confirmed high-grade assets and the Silver & Base Metals secular bull market is only just starting.

Yes definitely easy win-win Joff1.

The Kalgan prospect of Hamersley is going to be a real monster.
The recent Hamersley RNS said they used "helicopter support" to take samples from Kalgan.
This explains why Bill said yesterday evening Kalgan was, "Incredibly underexplored".

Also why Turner Pope have raised the exploration target of Hamersley to "245 million tonnes, which could
potentially even need to be revised upwards".

Big clue. If you watch the first video on the website from 5:50, Bill says, "While the neighbours are looking over the fence."

Bill knew exactly what he was doing when he picked this project ;)

Bill is a geologist with 25 years’ experience in mineral exploration and has worked with numerous
key players in the mining sector including resource company Rio Tinto Mining.
Thankfully our Hamersley tenement boarders Rio Tinto ;)

I actually really like Bills honest & genuine style of presenting:
https://www.alienmetals.uk/investors/media/