Member Info for Steveiom

Markets will love this.... 50% rise today after the tweet, fill ya boots, going to the moon..... :)

5x5 it's too flipin windy tonight been almost 3 weeks since the last decent one but been a good year 22 so far. Want to hit 25 before the rod gets packed up for the year.

I wouldn't worry about PM's. Some dude on twitter with a thousand followers will do a tweet next week, no doubt posted on here 3 or 4 times telling us PM's to reach all time highs by Christmas, that'll steady the ship.

The demand for high grade ore is only going to increase as the world looks to reduce energy consumption, higher grade ore does not use as much energy in the production process.
I'm not worrying about ore price in 2024, I'm more concerned about any royalty payments to AA if a deal is eventually done and how this will effect our own bottom line.
At one point last year, some ppl on here were screaming you could pick this ore up throw it on a road train and print money. It was all going to be very low cost and very profitable. That's all been forgotten now as AA have come along.
We could have been producing by Q2 next year according to some on here, shovel ready ect ect.
So IMHO if AA drag this out and if its as easy as many on here said it was, let's just crack on and start making some dollar.

Given that we are not going to meet climate change targets unless more is done, the demand for higher grade ore is only going to increase. I just hope that Alien is a provider of this ore as responsible steel producers look to reduce their energy consumption.

Wents it is piffy poor but I'd rather see ongoing and give them some room to play with on dates more of a concern is we're several months down the road and them not having the courtesy to update us on what's happening but then again they actually said they will only update us when they have further information so it's safe to say not a lot to divulge about EH at the moment.
Communication appears to have moved from rns updates to twitter pictures :)

Almost as busy as Max today :)
@Haddock you're right, EH results April.
"The reopening of the old underground mine is ongoing and the Company is looking forward to updating the market on this work and all other work as information becomes available."
Now we wait..... It's just the small matter of no information available so no updating the markets, no need to panic

Alien a "lifestyle company" not yet for sure, quite simply because the placements have been used not just to pay the BOD but also to increase assets and for working capital on the projects, however if we are in this same place this time next year or early 2024 and the company isn't generating income but continues to dilute the existing shareholders I personally think that then, the term "lifestyle company" would be very relevant. Giving a time frame of Q1 2024 is more than reasonable and I certainly wouldn't be accepting excuses for it not happening.
Hopefully the term "lifestyle company" would never be justifiable because there'll be plenty of money in the bank, no more dilutions, EH up and running and millions rolling in from iron ore sales, that's what everyone is hoping for and everyones a winner.

Don't dispair there will be a tweet in the morning :)

Last rns specific to EH was Jan 2022 but happy to be proved wrong if there are any other RNS's specific to EH.

...... A substantial head frame will then be installed over the main shaft to facilitate safe and approved access via a cable system to underground. Once in place, the cleaning and making safe of the underground workings will be possible. Work has commenced to get the equipment to site and installed and it is hoped that this will be completed and a safe and open underground access by the end of Q1 2022......
There is nothing on their website regarding progress at EH and there's certainly no rns that I've seen regarding progress at EH.
Are we now relying on tweets for info which IMHO is not the normal way to inform potential investors and existing shareholders about what I would consider to be price sensitive information.

Max, do you not think we would have had an update by now on EH if the dewatering had been a success and access to the underground working of the mine had safely been restored?
I for one would have been screaming that news if it had happened even only to protect the sp for a little while longer.

Good point Haddock on the 90% that could be a major issue that needs addressing or may be not. Some serious share pumping required to get the sp moving up to the 0.67 or some decent news required for that to happen. On a positive note they've got 18 months to work it out.

Everything said about Fenix is fact, Alien following the same route is hope. However moving away from that onto some Alien facts Rod said that EH would be progressed in parallel with everything happening at Hancack, his words not mine. And with a target of Q1 2022 clearly being given by the company as the start of major activity you really do have to ask yourself why the silence? Absolutely no updates on dewatering or whether the headframe has been installed correctly to allow safe access to the underground network of the mine. It's very obvious from this lack of news in the same way they held on to the Mexico news that things have not gone to plan and its extremely disingenuous not to keep shareholders updated even if it is bad news.
Fenix time frames are certainly achievable but Alien have got a terrible record of giving time frames only for them not to be achievable. We've had it with EH updates, Mexico and numerous assay delays with the labs being blamed so I wouldn't for one second be convinced if Alien could achieve what Fenix did within the same time frame. It would be nice but I'm being realistic based on their record to date.

Get used to it, there's no news incoming on EH because nothing has been done since the headframe went in. We've got to put EH in the cupboard for now and lock the door.
It will keep dropping on no news as long as the next rns doesn't cause it to crash and that's not guaranteed.
It is shameful that they were banging on about EH especially with their tweets yet they haven't had the decency to update shareholders on what has been done since the headframe went in and the reason for that is because nothing has happened. Remember Q1, well we are almost in Q1 2023 perhaps they got their dates wrong and they can't update the market because that will push the sp down further.

Wents chill bro. I'm also sick of reading about muni muni and even more sick of hearing about EH.
Alien said that the head frame would be installed at EH and that once in place it would provide safe and open access by the end of Q1 2022. What Q are we in now?
So we are well overdue some news but the facts are there's no news, nothing has been done, no explanation on delays and now they cannot take the chance on updating shareholders because another bombshell rns is going to really destroy the sp. I guess EH demonstrates that despite good intentions and time frames nothing ever goes to plan :)

@Sling I certainly don't think your investment will be worthless mate depending on how you play it. I had a buy order in the other week that luckily didn't get filled. I will be adding again but only to sell into any decent news if only to make 30 or 40%. We all play it differently I've got a good few I don't need to touch and once this gets down to close to 4 or below I will buy again because I do believe we will get close to . 85 over the next 6 to 12 months if that happens that's easy money. Yeah some will whinge but who cares 4 to 5k profit isn't to be sniffed at but I'm in no rush to play at this price as there is still a lot that can seriously go wrong. Each to their own, some are happy to hold for the magical 10p others are happy to play it, I wouldn't criticise either, if it works for you that's all that matters.

I wouldn't go as far as saying it's a lifestyle company yet however if they do another placement over the coming 6 months with nothing to show in the way of results from the last one I might be tempted to think we are just going to end up as a lifestyle company especially if any future placement isn't at a premium to the sp at the time or above the last placement price.
Placements aren't a bad thing but when the sp for each placement is lower than the last one then the alarm bells should be ringing.

AJ49 you are spot on. Ppl read that rns according to the colour of their rose tinted glasses. There are 66 days left of this year, if we are lucky the 60 day due diligence might start at the end of this year. The rns certainly does not say deal finalised by the end of the year. Perhaps come December we may get an rns to say the clock is ticking but until that happens it's just work in progress.

Wents I'm going to go for low 4's or possibly just below. There's no major assay results expected and with EH obviously having been shelved, if it hadn't of been shelved we would have had a progress report by now, everything is relying on an AA deal and that is a long way from being delivered. You only have to look at the BHP and OZ Minerals deal that has stalled and let's not forget that AA are in control here, they could take UFO out for 60 million so Alien are in no position to make crazy demands over royalty payments. Imagine if either party walked, the markets would slaughter the sp no matter how hard UFO polished that type of news. Even if they said they walked because they believed the royalty payments did not offer share holder value they would be crucified.