Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I would assume alien metals would need about £7 million working capital over the next 18 months and also need to raise £5 million for the AA deal if that goes ahead. That's £13 million needed to be raised by a company with an £18 million MCAP. The share price can only possibly go in one direction
Considering UFO's track record of hitting targets. We can safely assume that nothing is going to happen until 2025. That's 17 months away and they only have a couple of millions pounds. This share price is going to get absolutely smashed before then.
Come on yayay, that's an absolutely ridiculous comment. Leave those sort of comments to max111, they won't be in business next year, they've got £2 million left I personally think if they are not generating revenue by January/February the company will be bust
5x5 to get the shares they don't have to get DSO out of the ground before December 2025. CJ You seem convinced it will. On what basis may I ask? Alien has a track record of setting themselves targets and missing them by a long way or not delivering on them at all. Max111 always get these strange sidekicks that totally believe in the company, they all disappear and you eventually probably end of Q3 when you don't get what you want
Its absolutely ridiculous to think the the 'permission to mine' will land in Q3. Alien always miss their target dates by a long way, if they deliver them at all. My guess is that it won't arrive until Q2 2024 if at all.
I swear I've read that exact same RNS 6 times, how many times can they complete it? ??I know a lot of you don't like negativity but I've seen over the last few weeks the company has changed its projections from Q1 2023, to end of Q2 2023. To now 'hopefully at some point in 2023' suggests to me this has a very long time if ever it will get into production. I will come back and look this time next year. If they company still running I may buy in then.
The most important line for me, was considerable water found in holes and may well have to go back and drill. Wait four months and find out the samples were too bad to get a reading. Then go back a drill again in my opinion is what will happen.
@wolfy81, I totally agree with you, he has been wrong practicality 99% of the time is actually very impressive how many times he can be completely wrong @max111. At least now people are seeing he is a complete an utter clown, when I sold out in January people thought he was god's gift. Complete an utter idiot
@max111 according to your own calculations, if people had taken Chris2 advice even though they would have lost money, they would have lost less money than being invested in UFO during that time period so actually good advice
I think this will be Allowed to drift sideways or down til about June time. Then the company will be getting a bit skint so will release some decent news then, allow the SP to climb for a week or 2 then smash it down with a placing. I'm hoping to get out between the good news and the placing to as close to even as possible.
@max111 sweating? Because I've had to average down 4 times which means I've got a far bigger investment than originally wanted and I'm still losing over 4k now. Yes sweating a little. Especially as he announced a speech in which all you will probably hear is umms, soon, shortly, exciting which undoubtedly will cause myself and others to be losing even more money after.
I totally agree with you 944T. If they set out a clear route to becoming self sustainable, I believe it would be a great move. They would inevitably miss the set dates which could have a negative effect in the share price bit all in all I believe it would be a good move.
Chris2, I had a post deleted yesterday aswell. I stated if UFo has the same year as they did this year. I.e add 10 mil to the Jorc at Han****, release the eh results and do another round of drilling but don't release the results. Then do another placement and buy more land by releasing shares. I honestly think this will go down to circa 0.25 and they got that statement deleted aswell