Member Info for Steveiom

Let's just hope the iron ore price is at this new level in a couple of years time when hopefully by then it will be generating income for the company. As far as I'm concerned even if it was $400 a tonne now it doesn't mean anything yet because we aren't selling it. Silver could be $50 an oz but even that means nowt until its out of the ground putting money in the bank. Let's not get carried away with metal prices until the metals we have are actually coming out of the ground. Kaching

A profit is a profit ladies and gents where else are you going to make a quick 3k on a 10k investment. Its easy money playing this at the moment and it will be the same again if you buy in now and sell on the next set of results. When will ppl learn to buy the dips and sell on the news.

Labs will fast track if you pay for it which some with money will do to ensure steady newsflow. Bit of a waste of money really unless ppl are desperate to jump ship on the next rise. An extra 6- 8 weeks wait is nothing when we're looking at 2 - 3 years to start making real money.

LMAO I would not trust any of these vaults to hold precious metals we've seen it in Aus before, they sell their physical holdings multiple times and pray that not everyone turns up at the same time to collect. Bunch of crooks and manipulators

A few nice top ups today to play with on the next rise. Easy 2k profit on the next rns possibly more if we get some news on the iron ore projects. This one could be a bit riskier than the last depending on what happens with Muni muni and how the market reacts, could go either way but certainly as risk free as you can get as the sp should clear the 1.25 over the next 2/3 months. It's only a play my larger holding isn't going anywhere but why not trade it while you can, all adds up to a nice summer holiday. All looking good.

Yeah takeover is not impossible, we do all the firming up on several fronts, we get JORC compliant estimates across several projects and we get bought out for 2p. Now some would see that as a disaster because they bought in on the 3p spike others would be very happy with a 150% profit. Its up to the team to make sure by the time takeovers are a serious concern that the sp is as high it can be, based on facts not guesswork.

Fat fingers, was going to say make the most of the little 30 to 40% spikes and hold a load for 2023 24

Red run is good for a few if you hit it close to bottom, there's easy money to be made sticking 6 or 7k in close to 7 or below and selling out on the rise. We all know that this is also a long term play but there's nowt wrong in having a few million to hold and trading a million on news. Only rainbow chasers buy in on the news, the clever ppl buy the dips and make the money on the news. Just think there are a few under water still here which doesn't help with a sustainable rise. Make the most of the litt

Retrace was to be expected but still it brings opportunity to make money. I'd have no problem going back into the 7's because those that wanted out will possibly have left the room on the recent rise and LTH's won't be bothered because they have no intention of selling for another 12 - 18 months. A nice retrace into the 7's for another million is easy money for 30/40% quick win over the next 6-8 weeks, much better to do it yourself than let your bank do it with your own money. Yeah so what some ppl hate traders but big deal, it's about making money that ppl are happy with. I got 3 million going nowhere and hopefully if we do get to the 7's I'll get another million to play with. Each to their own, we're all here to make a few quid at the end of the day, how we do it is a matter of individual choice. GLA

They all better be working, us lot pay their wages. Could be a bad day tomorrow so hopefully we will get some inclination of how much more in the way of delays. If BBG cares he will be banging on the labs door wanting to know how much longer, we're paying for this service so get on with delivering what you're being paid for.

Muni muni doesn't even belong to Alien yet and until all approvals are in place it doesn't. It's not worth a bean until its got a proper JORC compliant valuation so who cares, if the deal fails then no big deal, BBG can focus on generating income rather than spending it. DSO and silver at EH needs getting out of the ground and sold, simple as, then once he has dollar coming in he can go around kicking rocks and drilling holes wherever he wants because we'll have the money to spend.

Easy money to be made now in the 5's stick 5k in now and you could be looking at picking up 7 or 8 by end March. Hard to resist

We are definitely not seen as a PGM play yet we haven't even got a compliant JORC estimate that's accepted and recognised by the industry to base a true value on what's in the ground until such time we have hope.
It's a great buy in opportunity at sub 6 with easy money to be made this year even if only 30,40,50% up to just above the placement price.
Problem BBG has is timing and cash burn and until we are told what it is nobody knows how much we are spending each month and when the money runs out. He's playing a dangerous game thinking he can spend spend spend and not at least get one project up and running to the point to JV or generate income. If he thinks he can get through this year then go back to Turner Pope or WH Ireland investors for more dollar he's in for a big shock because the discount and possibly warrants would seriously destroy and sentiment left from lth private investors. Its a punt that could hit the jackpot but its still early days.

Unfortunately too many ppl only buy when it turns BLUE on news, follow the herd mentality.
I'm not too bothered about the drop at the moment as I've got a buy order in the 5's and the way BBG is going its likely to be filled this week. I've no doubt there's a nice 40% to be made short term on the guaranteed rise back to placement price. There's too much reputational damage on the way to Turner Pope and WH Ireland if that doesn't happen.
With regards to KPI I think it's fair to see costings, targets and time frames that are within BBG's control at least that way we know when the cash in the bank runs out if they don't start generating income or get a JV.

Yet again BBG is giving time frames and dates on stuff that he has no control over. Under promise and over deliver. Jeez can he not stick to looking at rocks and get someone else to update the market. Thought he would have learnt from "Mexico shortly" and the lab results from EH.

This is one reason why the big guns haven't jumped on Alien. We need proper industry accepted resource estimates that are compliant. We all accept there's tons of iron ore and a shed load of silver and other rare earth metals but until its all drilled, assayed and worked into a JORC compliant resource calculation its only worth a fraction of what it should be. Nobody will pump hundreds of thousands of dollars into Alien never mind millions until they have compliant JORC's in place. As Max says "it doesn't take much drilling" if that's the case they should be all over this to add some real value to the business.

Yeah silver silver could it, will it rise, who knows. Hopefully it will over the coming months.
Has BBG ever released an RNS on the estimated extraction costs for EH. Be good to know what the break even number is on getting the silver out of the ground at EH.

Off course ppl will dump into the rise everyone has their own strategy and if they make money then good luck to them. Yeah it will slow down the rise and that's why once we get close to the. 85 there'll probably be more ppl selling for a quick profit. Each to their own.
If ppl had bought on the drops this week instead of jumping in as soon as it turns blue they'd be making a nice 25% plus on the way to the. 85/. 9
I don't care what anyone says, if you've got a spare 10k at the moment you could not do any worse than buy in on the next dip and sell out on the news. Easy money because this will hit the last placement price over the coming weeks/months.

BBG could be giving an update on the Mexico shortly saga and how much longer to wait for EH assay results.
I wonder if he'll answer questions on the current monthly cash burn and estimated future monthly cash burn for next 6 months. We should be able to time the next placement to perfection by then if there's no silver being mined or JV all signed up.

Yeah not looking great in Oz at the moment even worse in Mexico, so much for Bill's version of "soon" or "shortly" for news from Mexico. They've only just started with omicron over there so shortly could turn into many more months. Still could be worth it and making the most of the drop in sp while we wait. Could see up to 10% more wiped off by the end of the week. 0.4 would be mega before news comes that would be an easy bag on the way bsck to the last placement price.