Timescales as usual are not to be relied on but it was a nice read at the time relating to EH
https://www.globalminingreview.com/exploration-development/10122021/alien-metals-to-re-open-elizabeth-hill-underground-mine/
Wow some dumping going on today. And even at this price the directors aren't loading up or are they?
On a positive note this continuous drop in the sp is going to make any future placement near impossible to get away. Can you imagine the same brokers phoning the same ppl for more money after they stumped up at. 85 lol any credibility all down the pan :)
Max totally disagree with your view that Australia would continue to trade with China if they did a Russia on Taiwan. Your saying then that they would risk falling out with the US, the EU and not complying with any sanctions agreed by the G20 which Australia is a member of. Honestly if you think that Australia would risk the wrath of the majority of the rest of the world you need to read more. It's already being put out there by experts like Professor John Fitzgerald from Melbourne University that if what has happened in Ukraine teaches Australia anything, it's that businesses and others with a high level of exposure to China should be planning for the worst while hoping for the best. His words not mine.
Good article Max but it's a bit too rosey and it fails to mention the very real possibility that if China does a Russia on Taiwan how Australia will stop selling them Iron Ore.
Got to keep it real here, we could end up with Australia having to put economic sanctions on China the timing of which would be a disaster for UFO.
Dickie it's easy to say now but I don't give any weight to UFO's timescale predictions because their communication with shareholders is pants.
Pretty pictures and tweets mean nowt but they are all at it these days on social media.
I'm not fussed anymore until its in an rns. I got a lth and I got a few more to play with but I don't expect to sell the play anytime soon because you simply cannot rely on timescales that you do not control like assay labs and drilling contractors
I'm not invested here for muni muni. I'm only here for the last 3 years and muni muni was not part of the plan then. We have some of the highest grade DSO possible. Why on earth should we be spending money on muni muni before we start to generate earnings from our DSO. Muni muni is ours no need to be wasting any money there that can be used to extract DSO. Once we start making millions from DSO they can play at being geologists all day long for all I care, no need to spin another plate just because the Mexico one has crashed.
Good for you Wents. I'm amazed how the timing just conveniently fell into place. Imagine how lucky they were to get those assay results back within a few days of dropping news that BBG was no longer steering the ship. Amazing
Turbo I guess a JV on one tenement to go it alone on another might not be so bad depending on the terms. I'd be against it being done out of desperation which if left until the end of the year we're going to be held over a barrel. We're spending money on EH hand over fist yet the silver price ain't going anywhere despite some here thinking it will hit $30, $50 an ounce. Can't see it but I can see high grade DSO holding its own hence why all our focus should be on iron.
I'm not fussed about the sp drop, but I will play the next 30 - 40% rise and I don't give a monkey's about "oh its ppl selling that's holding the sp back." Ppl selling need buyers the sp isn't being held back by ppl dumping it's being held back because of a lack of meaningful news.
It's all a fun risk that could go badly wrong or amazingly good. I'm in the amazingly good but I'm also realistic.
Not sure if we can drop much lower but I'm pleased I ignored the views that we had already hit rock bottom. Nice little play today but it's not for a lth, just for trading. Looking at it a couple of ways, the sp will either rise on some great news from Oz preferably back up to that last placement price or the sp will be pumped on no news to a similar level to the last placement price. Either way its an easy 30 to 40% profit. Pay for another holiday. No news or pump come October I'd be seriously worried because I cannot see them getting a substantial placement out at these prices without serious dilution.
Great news today better late than never shame BBG was determined to try and prove that our JV partner was wrong to walk away but if the focus now remains on Oz we stand half a chance, at least it's one less plate to keep spinning.
I can't recall the sp when Bill was previously asked about his own holding in the company but I do recall he said something along the lines that he may have missed the boat. However surely at this price ppl may expect the BOD to be instilling some more faith in the company they are running by purchasing a few more shares. After all we are continuously told that fair value is 2.7p so if that's the case and they can deliver on their plans this has to now be a bargain.
Well I thought I'd drop in, went to see Coldplay last night at Stade de France, great gig, those guys know how to put on a show. Just waiting for the fireworks here now.. Mexico is a big dissapointment, lesson learnt never literally take soon, imminently or shortly to actually mean anything. Said it before but I guess when you have no control over the speed the labs work at you should take anything BBG says over timescales with a big pinch of salt. Delays not down to ufo but so much for a 6 week turn around as many here were trying to push
Nobody is selling anything to Fenix, not for a pittance that won't do anything for the sp. The shareholders of Alien Metals own IOAC so if it is sold it needs to be many multiples of what's its worth today. This is where Alien's value currently lies so it won't happen unless the price is right and although not necessary perhaps with shareholder approval. Let's not forget who owns this business, it's us lot with many of us more heavily invested than any director or CEO.
So we know we got news ahead but one thing for sure is we cannot rely on the use of words such as soon, shortly, imminently as many have done previously. News could drop tomorrow, this week next month and yes it might attract some interest but until such time we're going down almost every day so as that is the case when are we going to bottom out on a no news chart? Everything Zak has said so far has been a load of tosh and he's meant to be a reasonably decent chartist, anybody got any other ideas on the bottom of the sp. I've got a buy order at below 6 I just hope that's close enough to the bottom. I'd hate to buy another million only for it to drop further. Thoughts?
This will go crazy next week if there's no rns forthcoming. Once we get below the 6 we're going to start seeing the buys flood in me included. Another week to 10 days of silence should do it.
Yeah a little underwater but nowhere near as much as some especially those savvy investors that bought in on the last placement :) happy to take some comfort from that one. Mexico news isn't far away hopefully the delay isn't because the assays aren't mind blowing