Member Info for Steveiom

Lol Max will be on the warpath with all these balanced opinions. I'm certainly not in the. 0.7 by Christmas camp but at the same time I wouldn't be bothered in the slightest if we were at 0.35 by Christmas either.
At least we know EH is long term so that's why there's been no rns update on access and dewatering, one less thing to be concerned about.
Funding is more likely to cause the sp to move up or down. Another placement for 5 million at a further discount would certainly move the sp the wrong way but confirmation of funding from AA or the banks should light the fuse.
As things stand I'm happy to take my chances and hold out for a further drop in sp before topping up again. Too risky that you top up and the next day they announce the AA deal is pulled over not being able to agree on the royalty payments or they're doing a placement at a 25 to 30% discount to raise 5 million quid.
Regardless, if either of the above happened there'd always be some on here polishing it up like crazy :)

Sp flying today considering the price of iron ore and that the silver price has slid a little add to that the latest economic data coming out of China and we're flying.

Now now Wolfy you'll get terminated with talk like that mate :) on a positive Christmas is a day closer and I my bass numbers went up for the year at the weekend, I might just hit 25 before the rods get put away, I'll be happy with that as long as the sp doesn't hit the same.

So with regards to EH surely we deserve more than a "delighted with progress" . Where's the update on dewatering and safe access being reestablished, they spent a small fortune on new mine head equipment so what has been happening there for the last 5/6 months.

Some great posts today and so nice to see some restraint on the BS meter. So no more stupid comments like the sp is going down because a big order is being filled.
On another note sentiment analysis and market psychology, its accepted that investor sentiment is one of the most reliable indicators of future price movements.
Despite the perception promoted by some that there won't be another placement anytime soon, that there'll be stonking news on EH around the corner and that AA have signed already, for some reason the sentiment towards UFO is rock bottom. Ppl can scream there's so much being done behind the scenes but it's guesswork, ppl can scream AA want Muni Muni but again it's guessing. So what is needed to improve market sentiment in this stock and I don't mean tweets, pretty pictures, in house broker notes, paid articles in share journals. A bit of honesty and respect to shareholders wouldn't go amiss, at least get the EH news out of the way, good or bad we deserve an update as its been a long time coming.

5% down still not low enough for me to top up but it's getting there.
EH rns required - dewatering completed safe access restored huge silver nuggets by the bucket load
AA news Alien are pleased to announce they have raised 5 million at a 50% discount to the current sp.
All guesswork :)

Come on own up if you believed some of the posts from the other week that the sp was dropping because a BIG order was being filled LMAO if anybody bought into that one :)

Lol Max has cashed in and moved on to greener pastures :)

The rns only reaffirms what would be expected to be happening, its a what we are planning to do it's not a what we have done. It's positive but it's no ground breaking news which is why the market so far has ignored it.
I'd have preferred to have been told EH has now had the dewatering completed and safe access has resumed. That would be an rns about something they had done and completed, after all a significant amount of money has been spent on the mine head equipment so it would be good to find out if its all working well. Just a thought but at the end of the day the market digests the news and then decides if its good enough to move the sp.

https://www.proactiveinvestors.co.uk/companies/news/977926/alien-metals-starts-drilling-at-high-grade-silver-projects-in-mexico-following-covid-19-delays-977926.html

I don't think we will get to. 0.25 but certainly 0.35 is possible and it could take a little while to recover from that as there'll be so many selling into the news from those levels even Windfield could decide to sell 250 million if they're not nailed into a lock in agreement but at some point I genuinely believe we will recover but I've got no illusions that it will be quick or that we will ever get close to the levels that some believe it will.
And when it does start to recover its going to be pumped like crazy by the ppl buying in with statements like 2.7p is fair value, 3p next easily achievable, got a long way to go ect ect. NCYT being a prime example of ppl buying in on news when NCYT was over £10.00 a share and then pumping an pumping it with statements of going to £15.00 a share. Patience will prevail but still a long way to go yet. Sell into the news and buy the dips and ppl might make a few quid along the way but make your own judgement on when this will hit rock bottom :)

Lth - sometimes
The only facts on here are RNS's everything else is guesswork and opinions and even when news is in an rns don't take any notice of timescales especially timescales where UFO are reliant on others like assay labs because the timescales almost always are never adhered to.

The parties have agreed to negotiate and, subject to due diligence satisfactory to Anglo American and Anglo American's internal approvals, agree legally binding documentation for:
i. the provision by Anglo American of US$10 million of debt funding for Han**** repayable over two years;
Why not just make it 15 million and have done with it no need for a placement then :)

Yeah my money is on a placement to raise the 5 million. I'd stick my neck to be chopped off by a few on here and say its looking very likely to be a placement hence the reason why WHI are making some noise because they are the ones who will benefit from any placement fees Could be wrong because there could be potential other options. Wait and see.

Requires min of 5 million capital

Huge difference between that. 67 and today's sp. The value of the deal for Windfield has already considerably dropped unless they are so desperate for cash I'd be holding out for additional shares to make it up to the original value.

I wouldn't expect anything other than that from WHI, let's not forget they were making all the phone calls on the last two placements only to see the sp plummet. So they need to start reassuring their clients that all may not be lost. However regardless of what some in-house broker says all that matters is the sp and that's controlled by the market.

Why the radio silence on EH? No updates on dewatering, no updates on safe access now being in place. They made it very clear the market would be updated on progress at EH, their words yet we have had nothing.
As we have had nothing on EH its safe to presume that there's nothing been done and that there's no progress to report.
Surely if there is a shortage of physical silver now would be a great time to tell us that the mine is dewatered, safe access has been restored and we're ready to go :)

Must have missed the rns relating to funding...... "now that Anglo American has come in to fund that development......." Its the little play on words I love so much. Deal done then already :)

Recently the Project Director for the Anglo’s Woodsmith Project, Commercial Director for Sirius Minerals, fabulous CV, deep in AA's pocket.