RE: Impatient traders14 Nov 2020 12:20
We had 2 good RNSs this week.
RNS 12/11/20 provided us with positive lab results for the 117km2 extension we purchased at Elizabeth Hill (results included Gold, Silver and Platinum Group Elements!).
Remember, we bought this extension for peanuts, so the positive lab results significantly bring it up the value curve.
It also confirmed we are well funded with 2M in the bank.
Also that we are in JV discussions with our newly acquired licences (Hamersley, Elizabeth Hill and Greenland).
RNS 13/11/20 confirmed our successful partnership with Mid Cap Capstone Mining who will immediately commence a wider IP geo survey which should significantly add further value.
Senior VP of Capstone said Donovan 2 meets their high criteria and has the potential to be a high-grade near surface deposit (ie a Tier-1 asset).
Capstone will then start drilling after the survey.
Most importantly this RNS proves our scalable, project generator, JV business model.
Now there is no stopping how many projects we add to our portfolio once we get the 3rd Party Funding (M&A Update RNS 26/10/20 referred to using 3rd Party Funding options).
So our SP should have gone up substantially.
However, as Chris Vermeulen said people were overreacting to the vaccine news which caused the selloff in the PMs markets:
https://m.youtube.com/watch?v=zBYL3xIoHNk
Also we had 17M warrants that were sold into the market as per RNS 09/11/20.
Plus I noticed British Bulls put a Short recommend on UFO on 10/11/20
https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=UFO.L
However, the pendulum is now going to swing back fast.
Money now flowing back to the PMs markets (should never have sold off since vaccine doesn’t stop QE Infinity).
The people that sold to chase covid recovery rainbows will now come back since we are heading for a harsh covid winter.
Warrants have now cleared and no more warrants expiry until 2022:
https://www.alienmetals.uk/investors/capital-structure
No more selling pressure since large holders have maxed out on their CGT allowance.
We are now set for a perfect buying storm from Monday. With no sellers and large buys (£78,000!) coming in, the SP should spike very soon. DYOR & GLA.
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