Member Info for steveknowsnothin

Between a choice of UFO and BZT, I picked UFO.

Look at where UFO's assets are and how much closer they are to being developed. Easy choice.

“Alien has its current exploration plans funded through to 2021, with cash being added to balance sheet from warrant exercises."

https://www.proactiveinvestors.co.uk/companies/news/906864/alien-metals-ltd-has-a-diverse-portfolio-of-commodities-to-develop-906864.html

Currently one MM holding the price down on L2 (PEEL). Just need to wait on them to complete whatever they are doing and then we are off again.

Market makers will always drop the price to make the market, it's literally in the name.

You can see with the volume picking up, that they are doing their job. Came to realise that market makers serve a purpose, hate them and prefer SETS order books, however they are a necessity on low volume shares.

Just watching the volume jump today compared to previous days, definitely looks like the market has realised that we are at the end of our consolidation phase now.

Luncthime is always Bill's time to shine. Just need to look at the projects to see what is on the horizon here,

https://www.alienmetals.uk/projects/silver-projects

So obviously oversold now, guess that is always the way with such a meteoric re-rate.

LOL, "fine if you were in months ago, not so much if you are relatively new"

So instead you crystallised your loss at the bottom after it has been consolidating for the last 3 weeks. Maybe your next investment should be an ETF.

@napthman1 indeed. At a minimum you have to be prepared that the value of your investments will fluctuate, and you won’t always be able to get back what you put in. Risk is not knowing what you’re doing. If you know who you’re dealing with, and know the price you should pay, then you’re not dealing with a lot of risk.

With UFO it is bleadingly obvious what assets they have and what the price should be!

Gold and silver consolidating since the early August peaks
Another push lower before the end of 2020 would not surprise

Bullish reason #1: Central bank liquidity
Bullish reason #2: Government stimulus
Bullish reasons #3: The stock of money

https://uk.investing.com/analysis/3-reasons-the-gold-and-silver-correction-is-bullish-for-2021-and-beyond-200449482

Precisely and Bill has now said in at least one interview that they are now funded well into 2021.

@dav3j this quote sums it up for me,

"The darkest hour is just before the dawn. The point where nearly everyone is pessimistic and can see no positive news whatsoever. As the last bull turns to bear, the market inevitably turns up."

So whenever I invest I ask the following questions before I do it. UFO and Bill have ticked most of the boxes.

They have taken a unique approach in a market that has failed to invest in their exploration capability and are proving themselves with their ability to create partnerships. I am honestly sold on Bill's history and communication alone.

- Is it easy to understand (ideally in one sentence) what the business does, and how the money is made?
- Is there a large moat (barrier to entry from competition) around the business?
- Does the business have a reasonably long and consistent history of profitable operations?
- Does the business and industry have favourable future prospects?
- Will the company be able to raise prices at or above the rate of inflation?
- Can the company’s competitive position be maintained without major injections of capital?
- Is the company conservatively financed?
- Is the company being temporarily punished for a specific short-term risk or impact (which means the share price is too low)?
- Is the stock priced below its intrinsic value?
- Has the management demonstrated a high degree of:
- integrity?
- intelligence?
- energy?
- Is management candid with shareholders
- Has management resisted the temptation to grow quickly by acquisition?
- Is management pay reasonable and are any incentives linked to suitable targets (ie. not stock price)?
- Are there any question marks around accounting practices?
- Is the company currently hiring?

@fowdlzy read the below RNS - "Alien Metals looks forward to reporting the full results and interpretations and associated next stage plans once received in the coming couple of weeks."

https://www.lse.co.uk/rns/UFO/drilling-targets-identified-at-hamersley-projects-yu1rw7d50m8b7f3.html

@Chris2 silver in the ground has a price if you know it's there.

The US is screwed and not trump screwed, but FED pumping screwed. Devaluation of the dollar is a given now. Where do you think the big money is going to go, commodities or bitcoin? It so bleeding obvious what the future is going to look like.

Two silver JV's on the horizon and Iron assays coming in within the next week.

Indeed, talking about placements.

The CEO has specifically stated they are funded well into 2021. With JV's being marketed out as we speak, which will bring even more cash into the business to fund exploration, there is absolutely zero reason to do that.

Precisely, MCAP of 42m just does not relate in anyway whatsoever to the assets that UFO has.

Just to re-share this, silver is going to be king in 2021!

https://www.aljazeera.com/economy/2020/11/16/dollar-may-drop-20-in-2021-on-covid-vaccines-citigroup-warns#:~:text=Citigroup%20expects%20the%20US%20dollar,19%20vaccines%20become%20widely%20available.&text=The%20dollar%20is%20likely%20to,growth%2C%20according%20to%20Citigroup%20Inc.

Indeed, wish I had saved some powder to buy more now. TBH, it was a bargain when I bought more at 1.4.

Meant to add, just need to wait on the Silver JV's coming through now and we will be able to get parity with the rises. We know they are coming, especially with the scarcity of silver. Just a waiting game now......

We on the list yet?