Member Info for Steveiom

I've no idea what is going on with the silver price it's getting to the point where unless you can just pick it up from the ground nobody is going to be able to afford to mine it.
Is this one of the reasons why they've gone quiet on EH. They've spent a few quid already on that place this year, has it been mothballed, is it unprofitable to go full on at todays silver price or is it simply now an inconvenience whilst the focus is on iron. If and it's still an if, the deal with AA doesn't come good, it would be helpful to know where we are with the silver, an update would be very welcome, not a tweet but an rns please.

No doubt it will go up but given the price today and the number of ppl who are currently down it would not take a massive offer to take out Alien. Based upon the current sp any half decent size miner could take down at a bargain basement price if enough shareholders sold up and anything around that 2.7p would look juicy for some people.

That's too funny 5x5, I guess a potential deal like this is pocket money for AA, they don't even need to inform their own shareholders, still it's a potential nice deal for UFO.

Did anybody see if Anglo released an rns to inform their shareholders of the potential deal?

Great news but this is not over the line yet keep feet firmly on the ground. Some have already been caught out by jumping back in first thing this morning. Enjoy the ride because we still got a long way to go yet but at least we're heading in the right direction now.

Don't be embarrassed if you bought in on the little spike yesterday, it happens to the best of us, tomorrow should be the best day of the week to top up, watch this space :-)

The spread is interesting though.

I think ppl could argue all day over who's come out with the better deal but I guess from our own perspective I'd rather we don't dump it and give them 50% of any uplift in value. We should stick to mining it ourselves with contractors same as several others do.

I thought we were going to be mining in 2023
"In the event a decision to mine is made: 50% of the project valuation uplift attributable to the Projects."
It may be early days so is the rns saying that once we get a new JORC valuation that no doubt will increase the valuation of the projects is Windfield in line for an additional 50% of that increased valuation?

Simple Yes or No.
Will Alien get 100% of all future profits?

Cracking deal.
2. Alien will free-carry Windfield's remaining 10% shareholding in the Projects until completion of a Bankable Feasibility Study on either the Brockman or Han**** Ranges projects.

3. The Option Agreement is subject to various standard conditions precedent and contains standard warranties on both Alien and Windfield.

4. If, within 60 months of executing the Option Agreement, Alien disposes of its interest in the Projects, the Company will pay Windfield a performance payment in addition to the Upfront Consideration (Performance Payment).

5. The Performance Payment is calculated by:

a. In the event of a Tenement Sale: 50% of the value uplift attributable to the Projects;

b. In the event of an IPO/Spin-out event on a recognised stock exchange: 50% of the value uplift attributable to the Projects; or

c. In the event a decision to mine is made: 50% of the project valuation uplift attributable to the Projects.

In each case, the uplift payments are reduced by 50% of the incurred project expenditure.

So as we might be getting 90% does that mean we're paying 90% of the cost of getting it out of the ground, or are we paying 100% and giving 10% to this other crew for nowt or will we be getting 10% of the costs from them?

That UFO tweet is old news published last week. It really shows desperate times if they have to resort to tweeting old news. Anybody who is seriously into mining in oz would have already read that. If this is the best they can do on the news front they are in serious trouble. Social media is about the here and now not last week's news.

Oi Nap don't spoil the fun. I forgot about the rules of directors buying in and the time periods for when earth shattering news drops. Silly me. I bet he's waiting for it to get into the 4's, another couple of weeks of silence and we won't be far away.

We'll be getting an rns shortly based upon the sells this morning...... I bet the new boy can't resist snapping up shares at this price some nice chunks being matched up this morning already. Great start to the week.

Of course it happens Wents AIM businesses will spend money on all types of social media, I've no doubt about it. These places are just a bit of fun, nobody takes any serious notice of what's said on here, it's just a bit of fun an banter, in fact talking of banter I'd love Chris2 to be back on smirking at the sp and winding a few up.
As for an rns can't see anything for a few weeks yet but I'd love to see a buy from the new CEO, unless the new dude thinks the sp is going even lower then I wouldn't blame him for waiting it out. A decent buy from a direcat at the current sp could instill a bit of confidence. We'll see soon enough. Right I'm off to catch bass :-)

Yeah Warren Buffet loves deramping just after he's sold on news, always whining that he could have 10 bagged instead of taking a 1 bag :-)

Why wait for the JORC, surely if you wanna buy 10k worth you'd want in now before the JORC at a much lower price? Just a thought..... sell on the news an all that as our Mr W Buffet would say :-)

As this big buyer is killing any chance of a rise I might help everyone out and dump 4 million, that should get things flying high :-)

So samples were sent from hancack in June to potential customers and interested parties almost 3 months later we're still waiting for an update on how that all went down.
Hopefully it didn't go as badly as the last rns from Mexico.
A bit of communication with shareholders would be much appreciated.