By the way I’m not suggesting it as a credible of likely outcome, just find the reaction to yesterdays RNS disappointing.
Https://www.alienmetals.uk/about/directors/
No offence, as there is a lot of knowledge and experience on our board, to do the corporate governance, legals and general and administration.
Just wondered as the thought of defining and implementing strategy, mining and prospecting seem to be progressed by engaging contractors, probably due to a lack of inclination or resource internally, maybe an IPO with some young and hungry entrepreneur in a bit of a hurry to make an name for themselves, with a bit of sp unk, would be the best way to get the Silver mined and source found in the next 4 years, i,e striking while the Iron’s ($ilver) is HOT.
If you’d never heard of Alien Metals and there was an Australian IPO for Munni Munni and Elizabeth Hills tenements with new management, and IOCA was still listed separately as a wholly owned subsidiary of UFO.L with current management, and legacy Mexican licences.
I say this because I had recently researched an Australian listed Silver IPO, that went for a decent premium.
Would you research Pinderi Hills tenements, new management and what price would you put on the IPO?
Would you consider making an investment at £15m market cap at IPO?
Sorry Bonkers, have held Kat in the past, whilst every AIM listed resource play was multi bagging. Only bought in again at the recent lows, appreciate there will be others jaded by LC and their shareholding.
I am in a charting community that and often chat with Steve Barton who shares all his videos, and in my research finding Sean Wade and Gervaise Heddle were involved had more of an influence than the current net assets and liabilities shown in todays financial statements.
You may see see great value in the licences hence being invested, whereas I’m here more for a cash shell, cheap entry, recently funded for the next phase of the companies future, knowing others I respect have a taken a recent involvement both in time, financially and reputationally. The current mineral claims are the cherry on the top to me.
The Rick Rule heading was click bate, to draw out responses from long term investors, as I’ve just put a sizeable chunk in here, as a very speculative high risk, high reward punt.
I really do value your and other long term holders opinions, and hope all comes good, or at least better.
Don’t discount Gina coming for our Silver…….as well as our Iron Ore.
https://www.linkedin.com/posts/janemorganmanagement_ttm-gold-silver-and-copper-with-a-gina-activity-7202119720962060289-bTul
I know Steve Barton from ‘In it to win it’ he often does videos with Rick Rule.
Rick Rule has good things to say about Sean Wade, following his involvement and investments in POW.
Come Sean, just finished reading the old news, let us know the new news.
31st July the old news departs, presuming the new news is imminent.
GGP CEO Gervaise Heddle purchase interests be more, as todays TR1 is a current shareholder of KAT.L buying more. They also own Kibo and Mast shares.
GGP did 60x whilst GH was around…and hope his MRNG and GGP connection with Paul Johnson ( POW.L ) will mean something juicy is been worked on, and brewing in the share price.
Would like news on the future, I imagine this is so difficult at current market cap and based on past RNS to value, with a few in the know buying and us speculators guessing and buying the higher lows and those locked in selling the higher highs.
https://katorogold.com/?page_id=13
Giving them the benefit of the doubt, as they sound like their strategic partnership work is ahead of schedule, still on timeline for Iron Ore production.
Have been quiet here, as have sold a few to buy more KAT.L. Think we could double on FID RNS, whereas think they can 5 to 10x based on there next RNS surprising the market.
Glad the commodity complex is in a resurgence mode.
Best of luck to all LTH.
Soz, that will have been my fault
Followed his real vision and crypto channel last cycle, decent endorsement, hope he’s right.
Envious of his business performance and beautiful home and its location.
One can but dream 💭
David Russell CEO Goldcore came up in my quick search.
Intriguing, better buy some more and get my Tr1 in quick smart.
Yesterday was my fourth buy since lows, tempted to keep on going until the ‘real deal’ RNS.
Well summarised.
I remember being in MNRG, (Gervaise Heddle GGP and Paul Johnson POW) when there was a rumour EUA was going to get backed into it. I would imagine there is a master plan here for this to be used to house something new and tasty, than its current net assets.
Maybe GH knows what is coming and negotiations and due diligence is ongoing, or did he just see an opportune valuation with what we currently have.
Thinking buy the dips with money you can afford to lose is the way forward until NEWS is announced.
Good they have dumped the London office lease.
b) Lease agreements
The Group had London offices under lease agreement. The agreement was signed on 21 April 2021 and covered office rent for the period from 1 May 2021 until 28 Feb 2023, with monthly payments of £6,916 (US$9,514) and a deposit of £20,748 (US$28,542). This lease was not renewed. At 31 December 2023, nil remained payable in respect of this lease.
The Group leased a property in West Australia for on-site staff accommodation until 30 November 2024 with current monthly payments of A$3,545. At 31 December 2023, $40,737 remained payable in respect of this lease.
Wonder if J L Battershill sold A$192k share based payment?
Left us and Anglesey and joined Silver mines.
See lots of future dilution expired rather than was exercised.
Yes I forgot that Troy would probably be classed as an employee before making the board.
Average 4 employees at a cost of A$769, £395k.
19. Employees
Group
Staff costs (excluding Directors)
First number 2023
$
Second number 2022
$
Salaries and wages
760,000
256,000
Social security costs
34,000
13,000
Pensions
70,000
38,000
864,000
307,000
The average monthly number of employees during the year was 4 (2022: 6).
Interesting times!
Max your the main man with fingers on the pulse.
Can you recall which hires took our G&A salaries three times higher.
Alwyn presumably next year will be in professional fees.
I know we took on a part time accountant.
Presume Lloyd and Bradley may have been encouraged to stick around, with a pay increase, not sure if they are both still there.
I’ll go through everything at the weekend, it may be people left the year before, so that year was unusually low. Or it may be performance bonus we’re paid last year to salaried employees in lieu of shares.
Everything else looked as expected, apart from Mexico write down, is probably due to fair value of the offers they may have been getting, so would expect to see the small NAV come back into this years cash flow.
Thanks for any insights!
I said on Telegram a few weeks ago I thought MinRes would make the most sense for a JV.
Couple of considerations Min Res are trying to divest 49% in their haul road.
https://www.australianmining.com.au/minres-onslow-iron-ahead-of-schedule/
Unsure of the level of priority for them in invest in the construction of ours, when they are investing in a Lithium processing hub.
What environmental permit are we still waiting for Max, wouldn’t this have been linked to the mining licence? Have probably read this in recent RNS and then forgot about it.
Hadn’t happened then, some of us wondered after Guy’s interview.
Donovan 2 Copper-Gold Project:
Alien Metals is taking steps to divest its projects in Mexico given the strength of its Australian based portfolio.