RE: PUZZLE SOLVED...Why they changed from Arian Silver to Alien Metals31 Oct 2020 13:06
Interestingly when they did the name change in 2018, the chairman at the time Dennis Edmonds said Alien refers to “other” or “unknown”, not extraterrestrial extraction.
The rebranding exposed the adventurous spirit behind the company. He said, “The new name doesn’t say what we do. One reason is we don’t know what we will do.”
Since Alien Metals, (ie “other/unknown” Metals) have now acquired an exploration licence in Greenland for zinc & lead, the new company name makes perfect sense.
In Monday’s RNS it states, “The awarding of the licence to Alien, which is valid until 31 December 2023, continues with the Company's strategy of identifying counter-cyclical opportunities in first class mining jurisdictions with excellent upside potential.”
Getting involved in counter-cyclical opportunities makes UFO the best long-term play.