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From the recent RNSs' about placing & JV. Billy has given us enough to look deeper. He knows the size of JV and cash sitting in the bank will be good enough to take more projects in AUS alongside supporting Mexican projects. Why on earth a guy like Billy would do that, he is not nuts. He wants to ride the metals rally and also he has more cash/ JVs in the pipeline to support and stick to UFO's milestone. Cover areas around big players join hand with them and move on. 25 years + experience plus his black book is putting him in the driving seat. I am reading about Capstone at the moment to see how their previous JVs have turned out. One thing is for sure they know their game very well. Have a good weekend.
I have been here for well over a year now. Bought in at 0.0024p. I have been saying that this is going to be the next big thing and some made sarcastic remarks at that point I believed more in the management and in the last 6-9 months I have had strong confidence in the project pipeline. Last week had a dream out of the blue that the share price shot up from 3-4p to above 8-9p around pm time on google graph. When I got I said to myself ahh. It was a dream...lol... ( btw I don't dream about money and believe in risks and rewards not gambling).
When I bought this I placed this in the lowest drawer and said to myself I will not sell it for a long time as its not big money to lose but the upside could be huge. Here we are for me this has just began.
Good work by many here for sharing charts and other snippets. Good luck and hold you nerves heights can be dizzy.
As rightly said by someone here fundamentals are strong and the company is heading in the right direction. The management is committed. Unfortunately, some are impatient and want to get rich in weeks. Not bothered if this moves to 30s. The story does not change. Good luck who ever sold.
The reason why I have been here is below. Archives for newbies.
https://www.google.co.uk/amp/s/www.proactiveinvestors.co.uk/companies/amp/news/905226
New board, new strategy, new projects, and new energy: Alien Metals Ltd (LON:UFO) is just emerging from a process of rebirth, following a changing of the guard at the top, and the difference is palpable.
Onto the scene bounds Richard Shemesian, a major backer of the reinvigorated Alien, and a man whom London investors may remember from the last mining boom, when he helped turn a lowly-rated iron ore Aim and ASX-listed vehicle called Aztec Resources into a A$300mln company that was able to sell out to the Chinese at just the right time.
Shemesian’s been cooling his heels somewhat since then, although he’s still involved with Artemis Resources (ASX:ARV), which he has just helped raise A$6mln and which is moving forward with exploration in, amongst other places, the Paterson Range.
Now he’s back in London though, having helped orchestrate a revitalisation and re-financing of Alien, and full of plans.
He’ll be helped along the way by new technical director Bill Brodie Good, who was appointed in July, and who brings a steady geological hand to the tiller - his impressive CV that boasts significant time at the top end of SRK among its many highlights.
Together they plan to transform Alien from the somewhat sleepy-eyed silver company it had ended up becoming under the tenure of the previous management, into an aggressive new acquisition vehicle that aims to hoover up opportunities in the mining sector as they arise.
Ah, you may say, but isn’t the mining sector lying heavily in the doldrums at the moment – what could possibly be done?
But it’s just when things seem at their worst that the smart money comes in. After all, from that point on, the only way is up.
So, is then safe to call the bottom of the cycle?
Anyone who makes such a call might risk being made hostage to fortune, but what is worth noting is that there are currently at least four mining companies trying to get listed on London either on Aim or on the Standard List at the moment, iron ore’s been strong all year, there’s a record-breaking gold price in Australia, and gold has been strong too in other currencies, and where gold goes so often does the rest of the junior mining sector follow.
Billy knows what he is doing. Happy to see we have been able to place at 0.55. This will give cashflow to take nessecary step towards JV and also move forward operationally. I am not a big fan of spikes on AIM unless there is a massive news. I am adding more.
Been here since early last year and been saying this is the next Solg. Nice to see to some good research in the comments below. Thank you. We all know nothing goes up in a straight line usually. If your thinking to put some money in UFO dyor and I suggest remove your stop losses. Smaller chunks are better in this case because upside is huge and downside is unlikely. GL.
Minning stocks are like a lottery and if fundamentals are good then everybody is a winner. It needs patience. This company has just started warming up remember metals bull run is very different and tends to stay for longer periods when compared to equity market. We are in the equity market and our products are metals. We got best of both.