Member Info for Steveiom

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.

Could get a lot worse once this is investigated. If they have withheld info not releasing it at the earliest opportunity especially price sensitive information could be consequences, big fine at the very least.

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

To be honest Wents I couldn't care less about Mexico, all focus should be on Oz and getting deals done on the iron ore. Bill can go dig on Mars for all I care then as long as its funded from our iron ore profits

Did anybody see the update yet from Mexico

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.

Today could be the day :)

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

I was just thinking of trying to average down a tad more. I'm at 3 million .. 76 at the moment so will do the maths :)

Wow this is looking tasty now, anything below 6 has to be theft with what's around the corner

Fingers crossed for that rns before Thursday then. I would like to think that's the case but I think we need to remember that the onus is to release news as soon as possible to the market or as is reasonably practicable to do so.
Hopefully that may mean that he's had the heads up that he will get some results back from the lab in Mexico this week, or potentially they have results back already that just need interpreting prior to market release. Just a thought. I'd be be a tad concerned if Bill attends and can only divulge what we already know. I appreciate that it's all marketing and exposure but at the end of the day our brokers should be doing that, picking up the phone to their clients saying how good an investment UFO is and that their clients should invest now. The only time we got a call from one of their brokers was the day before that last placement at. 85 since then not heard a whisper from them. All looking good though as we progress to getting that Ore out of the ground.

Max do you believe Bill will be able to divulge anything new that is price sensitive whether that be price sensitive positive or negative that hasn't already been said to the market by way of an RNS. Personally unless a further RNS drops between now and the presentation IMHO it's going to be a recap on what is in the public domain already. Does anybody think that new information is going to be released on the evening of the event that actually isnt already in the public domain?

Fair value is only what you're prepared to buy at. At the moment fair value is what it is and nobody is taking any interest in WHI's fair value because if they were we'd be creeping closer to it day by day. If you think back even Bill said when he was getting his new kitchen that he thought he'd missed the boat and that's the CEO saying that. . 2.7p will be cheap in 18 months time because we should be totally derisked, each to their own though we're all here to make money which will happen if ppl are patient.

From 10th May RNS
Samples from drilling at San Celso and Donovan 2 have been submitted to the laboratory for analysis, with results expected in the coming weeks.

Lol the mms are having fun today. You're only 10% down if you're selling up. They ain't getting a single share from me but I'll be taking a few more of them at this price. Fantastic price now, fill ya boots.

Can't see the problem with the sp only a problem if you're desperate to get out and your losing money. If we do get a bit lower you never know Bill might even top up at bargain basement level.