Lets keep talking because we are incapable of making a decision30 Sep 2024 15:04
here we are again a unaudited interim results accompanied by a rushed out update, just to keep the mob at bay.
so what can we expect between now and christmas, another spin from charles archer, a update to inform us they are still talking, then out of the blue a share placing and that takes us comfortably into 2024.
the wording of the latest rns speaks volumes, it tells me that they can’t make a decision and would prefer to keep talking until the money runs out
we have continued to explore all avenues for the further development of the han**** project, and continue to assess the alternatives of joint venture, off-take agreements and sole funding options. the company has recently received further recent non-binding proposals, and thus we are deferring the previously disclosed joint venture discussions, while we assess all options for the project's development. a further update will be provided to the market upon a material development. whilst the discussions have been ongoing we have continued to work on the necessary approvals to move the project towards production.
this is the part of the rns i like: - a further update will be provided to the market upon a material development. they have been talking for years, they are still in bed with aa, but have never mentioned them in any updates, but since the announcement on 31st august 2022, have never mentioned once that they have pulled out of talks with them.so they must still be ongoing ???
ioca signs agreement with anglo american for exclusive right to negotiate up to us$15m project funding and 100% offtake
31 august 2022
alien metals ltd (lse aim:ufo), a global minerals exploration and development company, is pleased to announce that it has, through its wholly-owned subsidiary iron ore company of australia pty ltd (“ioca”), entered into a mandate letter providing for an exclusive right to negotiate project funding and offtake arrangements (“mandate letter”) with anglo american (lse: aal;…
you have to ask what on earth have they been doing over the years, this sounds like a company that do not have the stomach to make a decision and would prefer to sit on the fence.
as usual the latest rns is full of possibilities, spin ,hype and no conclusion, so the speed at which this company moves, we will not have any conclusion before christmas.
based on present facts, which there aren’t any, the markets will continue to keep taking the price down, until these facts emerge.
so i like to end on a positive note (old cj will like this.) there is still hope and we are still hanging on.