Member Info for Max111

After the placing in Sept caused a massive surge in SP in Oct, I can't wait for next month!

With regards to silver, the analysts are saying the silver price will surge next month due to very heavy deliveries in December.

IMHO UFO multi-bag going forward.

It's all about doing a cost benefit analysis.

Eg. we could mine Hamersley on our own since it's DSO Iron Ore. A lot of juniors do it.

I trust Bill is making the right decisions and spending our money in the most cost effective manner. Why? Because it's in his interest since he was awarded 45M in share options.

As a shareholder am strongly in favour of this placing.

Donovan 2 was a good deal for our first JV. I was in favour of doing the JV prior to us drilling.

But I am not in favour of doing further JVs without us bringing the projects up the value curve.

That's why I just voted for re-electing the directors at Wednesday's AGM.

Bear in mind we had 227M shares issued at last placing in Sept and 200M shares issued to buy Elizabeth Hill in Sept.

Then what happened to the SP!!!

We have the AGM on Wednesday at 11:30am-12pm.

We might get further details then.

There is a difference from needing a placing and having a placing to fast-track growth.

Exactly Steve,

In the RNS bill mention, "fast-track activities"...."really advance them"..."these additional funds we can really fast-track on our projects."

Do people not read the RNSs!!!

Why open a thread, "Bill Brodie Bad"!!!

This talk of Bill being dishonest is nonsense.
If you listen to his interviews, he told us on 14/10/20:
“If investors say yes lets put another couple million in the pot to really drill out one of the Iron Ore projects or Elizabeth Hill or wherever it might be.”
Listen to it yourself before being slanderous:
5:55 - https://www.youtube.com/watch?v=cGTGRKNnamE

What would you prefer, not having a placing and selling out or JV our projects at a lower price/percentage.

Or have placing and get much higher price or percentage for our high-grade projects.

This increases potential and will thus increase SP. Simple!!!

Oh yes, don’t forget UFO enters Morgan Stanley's MSCI Global Micro Cap Index on 30th November (GGP went on the same path and has just gone from Micro to Mid Cap).

If you say so Moneyfaker.

This talk of Bill being dishonest is nonsense.
If you listen to his interviews, he told us on 14/10/20:
“If investors say yes lets put another couple million in the pot to really drill one of the Iron Ore projects or Elizabeth Hill or wherever it might be.”
Listen to it yourself before being slanderous:
5:55 - https://www.youtube.com/watch?v=cGTGRKNnamE

Yes some people didn't read the RNS which stated:
"The Placing, which was oversubscribed"

"included a mixture of new and existing Professional and Institutional investors."

This is excellent news. Now we have £4.3M to improve the potential on what we had.
= SP should go up!

Exactly. Never listen to the trolls on this board. Always DYOR.

IMHO UFO is the best investment opportunity on AIM as we head into a massive PM & Base Metals bull market.

What was MrSipp saying?

Hi MrSipp, I've been too busy calculating how much money we are going to make from all our high-grade projects.
I will be proven the last month has been a fantastic buying opportunity. You will see.

Hi Gaz,
Before, I was only focused on the x3 confirmed high-grade silver projects since I know silver will go triple digits.
But when Iron ore is already triple digits and only costs $15/tonne to dig out and we have between 74M - 245M tonnes of the stuff, it's really mind boggling!!!

Hi SaintPeter1,

Current Iron Ore futures are $123/tonne
https://uk.investing.com/commodities/iron-ore-62-cfr-futures

In Friday’s FT article article it stated:
“The run-up in prices has generated huge profits for Anglo, BHP and Vale as well as other big producers including Rio Tinto and Fortescue Metals Group, which can dig the material out of the ground for less than $15 a tonne.”

Therefore, the miners are making over $100/tonne!!

Since we have DSO Iron Ore, and with the insatiable Chinese demand for their Belt & Road Initiative, I am hoping it will not take too long to start to get a huge income stream from our Hamersley project.
We can then use that cash to make new low-cost acquisitions and grow the business at a rapid pace.

Hopefully Bill will make the right decision to maximise value for shareholders.
With the bull market in PM & Base Metals, we are definitely in the right place!

Hi Biggles1973,
In this interview, Bill explains it:
https://www.youtube.com/watch?v=cGTGRKNnamE
0:40-1:10 Bill said, “BHP identified many, many years ago as prospects that they never followed up on in the day because they had larger ones to focus on."

If you read about Bills Bio, he used to work for Rio Tinto:
https://www.alienmetals.uk/about-us/directors/

I think he knew exactly what he was doing when he chose this project.
He knows the geology and has the contacts at Rio to make a successful win-win JV Partnership.

This project is going to be an absolutely huge win for Alien!

Thanks for sharing the graph TKIA.

I hope Oil_Beast is right when he said, let’s hope the lighthouse is more eifle tower this time round!