Member Info for Max111

Hi Hopscotch, I agree with you that £1 sounds nuts when you are just looking at the fundamentals.
But as I explained in a reply to Goingtomoonufo, when you factor in the frenzy you get during the height of a bubble anything is possible.
ie we went from a low of 25p (Dec 2008) to 535p (Dec 2010) = 21x on pure speculation and spot silver price.

We are now a completely different company with confirmed high-grade assets.

If you are a silver bug like me and Eric Sprott and believe the Gold Silver Ratio will go 15 to 1 and we continue to acquire new projects with our aggressive business model, Goingtomoonufo could be right when the frenzy ensues!
But obviously, we are a long way off.

Morning Star
IN BRIEF: Alien Metals Spots New Targets At Hamersley
https://www.morningstar.co.uk/uk/news/AN_1603987544576740600/in-brief-alien-metals-spots-new-targets-at-hamersley.aspx

The fact that we are trading below 3p after the last 3 Amazing RNSs is an outrage!

Also I like it were it says:
"Importantly, the main exploration work being carried out by Rio Tinto directly south of the tenement is on the Canga and CID units further to their development of the major Caliwingina project already in production to the south in the same units."

Rio Tinto can do a JV or buy us out any time!!!

Yes, the RNS said the 90 samples were dispatched to the lab Intertek Genalysis at Maddington, WA and we are still waiting for the results. They were expected late October but as Dutchtrader said labs are busy getting pushed for results from lots of companies.
"It should be noted that the field team advised how busy both areas were in terms of neighbouring companies working in the region which further encourages us to push on with both projects."

The handheld results in RNS are excellent high-grade DSO and have an accuracy of +/-8%.

I like it were it says:
"Significantly for Alien Metals the continuity of grade in relation to the mapped units of the primary units sampling show excellent correlation and significant continued very high-grade DSO level iron ore in significant volume."
SIGNIFICANT VOLUME!

Last section said the handheld results, "has provided better than expected results and potential for both projects."

I'll drink a G&T to that Neil :)

Hi EWT98,

I'm not sure on the previous Mkt Caps, but if you look it went from a low of 25p (Dec 2008) to 535p (Dec 2010) in just 2 years.
= 21x on just pure speculation and price of spot silver!!!

This is the reason why you want to be invested in a junior silver miner as we go past the previous ATH of $50.

I've been waiting a long time for this!

MrSipp,

5 years ago we were trading around 30p and all we had was the San Jose silver mine in Mexico which we had to forfeit to our creditors and a Lithium Exploration Licenced which turned out to be fruitless (couldn’t find anything!) whilst going through a PM & Base Metals bear market with awful management.

Now the situation has completely changed. We have 5 confirmed high-grade projects, plus a newly acquired exploration licence for Greenland. After the recent placing and warrants that were exercised we are well funded with just over £2M in cash which will last us over a year without having to seek any additional funds. We have just made a game changing JV with Capstone Mining and as per the last M&A Update, "Discussions have already commenced with third parties with a view to joint venture and earn-in into the newly acquired exploration licences."
We also now have fantastic management and Bill has proven to pick winners.
Plus we are in a bull market for our assets Silver, Copper & Iron.

I think 6p is actually extremely cheap. Just wait.

The recent JV and company assets have made the company extremely valued.
We also had Monday's M&A Update stating, "Discussions have already commenced with third parties with a view to joint venture and earn-in into the newly acquired exploration licences."

If it wasn't for the shorting attacks we have experienced, IMO we should be trading above 6p now.

But the shorts got their trade wrong (as I explained above) and will have to throw in the towel and cover at some point. Market forces will prevail. GLA

I couldn't get quotes for £5000 near the close.

Pay day tomorrow. Should be interesting when people have funds and top up.

Maybe they've done that already?

It says in the highlights, "Assay results expected late October 2020"

But in the last sentence of RNS, the full results and interpretations and next stage plans in the "coming couple weeks".

Just be positioned for Iron Man Bill!

Today's close is going to be interesting.

Who wants to be short when another Hamersley RNS can drop any time!

Spot on Valuerebel.

That's reason No. 5 why the shorts got their trade wrong.

Next time shorting Trolls: Research, Research, Research!

This is why the shorts got their trade wrong:

1. They didn’t factor in the psychology of gold/silver bugs.
The long-term holders like me had our opportunity to sell at 1p, 2p, and 3p.
But we didn’t because we know where the price of silver is going.
I personally have been waiting 9 years for the silver bull and can easily wait 2+ more years before I sell a single share.

2. They were expecting more warrants to be exercised.
Only 83M warrants were exercised last week. A lot of the warrants were already exercised at the previous rises.

3. Of the 83M warrants that came into effect as of 8am yesterday, the holders are not selling their shares. They are just being held as shares and will probably be drip fed into the rises.

4. The new shareholders that have bought their shares (before the shorting started) will either become LTHs or hold out for news rather than sell at a loss.

Therefore, IMHO the SP will need to surge to entice seller and for the shorts to cover.
That is when we fly through the air gap.
Hold on tight!

I believe the short position on UFO is quite significant due to the sharp decline last week.
The next RNS drop could well be the death knell for the shorting trolls.
Then we go through the air gap.

Stay long & strong astronauts :)

Bill is the RNS news flow master.

He will keep dropping RNS bombs on the trolls!

The shorting trolls have all been exposed!
You know who they are!

Thanks Sjm321 for sharing this. This has been the only explanation for the fall.
The short gang at work!

I can't believe how cheap UFO is!

Bill has only just started to put on his Iron Man suit!