Feeling positive.16 Aug 2022 23:44
There is always going to be doubt when invested on AIM, but after Re-reading the Rns from the 1st June 2022, i still feel positive.
Here are a few highlights:-
Alien Metals Ltd (LSE AIM:UFO), a global minerals exploration and development company, is pleased to update the market on the Company's progress regarding the Han**** Iron Ore Project and first production commencing in 2023.
Highlights:
· Metallurgical test work programme completed and flow sheet finalised
o Results further highlight the high-grade and low impurity nature of the Han**** deposit
· Due to the ratio of fines to lumps and low impurities of the DSO material at Han****, Alien is in advanced discussions with potential offtake partners. These discussions have led to the delivery of marketing samples
· The Company is in preliminary discussions with a number of potential funding partners
o Alien has been presented with a range of funding options, both equity and debt, to ensure optimum financing structure and minimal dilution
· Engagement with key stakeholders during the development and mining stages has commenced
· Key approvals and permitting advancing on schedule, overseen by experienced consultants, Greenvalues
Bill Brodie Good, Chief Executive Officer & Technical Director of Alien Metals, commented: "The development aspects of the Han**** Iron Ore Project to be shovel ready for early 2023 are progressing very well. We are on track to have all the permitting in place, and will soon be in a position to commence mining next year. Additionally, in-depth discussions with third party contractors and potential offtake partners to enable us to get into production in 2023 are continuing".
So with this in mind we are awaiting Rns confirmation of permits in place and of off take partners, any of these Rns should raise the share price, that's why my theory of September still has credence with me, the markets are forward looking and confirmation of the above and throw in a CEO speech to say everything is on course and this would ignite the market to future profits.
Just my interpretation , always glass half full type of investor.