Crazy value opportunity here if you can be a bit patient. Every bit of news coming from the partners seems to be excellent and they are moving at pace.
I really like GRE going forward and think on market re-rate they will move to 80% of Pinderi hills permit ownership.. WCE not so much it’s pretty clear now from updated JORC the very highgrade core of Lizhill was mined out from the original owners so all WCE has uncovered is the halo of that POD of Silver .. they need to uncover more of these PODs if not they really won’t move much as yes they could make a few dollars mining out what the last guys left if ARV cuts them out decent toll treatment deal still it’s going be a good amount of CAPEX before any Silver sales which going of indicated resources isn’t much so much more infill drilling must be done .. but it’s always a problem when you’re dealing with just one small 2Moz resource you spend another 5-10mill to enlarge indicated to do DFS then fact is radio hill floatation needs replaced 30mill+ .. I’ve run the numbers and outside running some very small amounts of left over Native silver that isn’t sulphide mineral held .. the number just don’t make sense … WCE only hopes IMHO is the uncover more of these Silver PODs on trend do that and I’m buying shares .. but what they have at present mostly sulphide silver ores isn’t clear pathway forward ., GRE much different story .. they will one day be Billion cap and likely toll treat WCE silver ores
Hello Charles, as a still learning investor, I’m a big fan of your analysis (and acted on some of them after some more research :-)). Your article makes clear that things on the technical front are going quite well for Alien Metals. But when digging deeper I stumbled over some facts that made my skin crawl: An organisation of 2 people. How to manage that workload? A share count over 11 billion shares. That’s dilution on an astonishing level. Moving the share price needs many multiples of the current market capitalisation. Liquidity is not existing. Hancok: The iron ore demand especially from China is decreasing and so does the value of that asset. That leaves me with one question: What am I missing that you see?. Regards, Helge
I have not looked into the organisation, but if it is 2 people then overheads are clearly low. This is a positive and not a negative? They have free carries on the drilling so this is how they can manage the workload. They are not running ops.
Why does the share count bother you? All of those shares add up to £13mill. Shifting the share price does not need a lot of money to flow in here.
Iron ore - Chinese demand is dropping. Indian demand is increasing. Will it fully take up the slack? We don’t know and can only wait and see.
The biggest fact is that the resources are priced at £0 given the shares held in other companies. £0 can only go up!…
Management track record seems like they have over promised and under delivered over the last few years with the most recent past (as highlighted by Charles) being the anomaly? Charles - have there been personnel changes over the last 6-12 months and what is your confidence in the management (from someone who has been burnt by management at Jubilee and Andrada).
Crazy value opportunity here if you can be a bit patient. Every bit of news coming from the partners seems to be excellent and they are moving at pace.
cheeky £10 wont kill no greggs tomorrow lol
Quality, quality, quality update....Yes, I used quality 3 times...run out of adjectives :) Thank you Charles!
I really like GRE going forward and think on market re-rate they will move to 80% of Pinderi hills permit ownership.. WCE not so much it’s pretty clear now from updated JORC the very highgrade core of Lizhill was mined out from the original owners so all WCE has uncovered is the halo of that POD of Silver .. they need to uncover more of these PODs if not they really won’t move much as yes they could make a few dollars mining out what the last guys left if ARV cuts them out decent toll treatment deal still it’s going be a good amount of CAPEX before any Silver sales which going of indicated resources isn’t much so much more infill drilling must be done .. but it’s always a problem when you’re dealing with just one small 2Moz resource you spend another 5-10mill to enlarge indicated to do DFS then fact is radio hill floatation needs replaced 30mill+ .. I’ve run the numbers and outside running some very small amounts of left over Native silver that isn’t sulphide mineral held .. the number just don’t make sense … WCE only hopes IMHO is the uncover more of these Silver PODs on trend do that and I’m buying shares .. but what they have at present mostly sulphide silver ores isn’t clear pathway forward ., GRE much different story .. they will one day be Billion cap and likely toll treat WCE silver ores
FYI .......Typo :-
"But the gap between what this portfolio is worth and what the market is pricing it at has not widened, not narrowed ".
Hello Charles, as a still learning investor, I’m a big fan of your analysis (and acted on some of them after some more research :-)). Your article makes clear that things on the technical front are going quite well for Alien Metals. But when digging deeper I stumbled over some facts that made my skin crawl: An organisation of 2 people. How to manage that workload? A share count over 11 billion shares. That’s dilution on an astonishing level. Moving the share price needs many multiples of the current market capitalisation. Liquidity is not existing. Hancok: The iron ore demand especially from China is decreasing and so does the value of that asset. That leaves me with one question: What am I missing that you see?. Regards, Helge
I have not looked into the organisation, but if it is 2 people then overheads are clearly low. This is a positive and not a negative? They have free carries on the drilling so this is how they can manage the workload. They are not running ops.
Why does the share count bother you? All of those shares add up to £13mill. Shifting the share price does not need a lot of money to flow in here.
Iron ore - Chinese demand is dropping. Indian demand is increasing. Will it fully take up the slack? We don’t know and can only wait and see.
The biggest fact is that the resources are priced at £0 given the shares held in other companies. £0 can only go up!…
Management track record seems like they have over promised and under delivered over the last few years with the most recent past (as highlighted by Charles) being the anomaly? Charles - have there been personnel changes over the last 6-12 months and what is your confidence in the management (from someone who has been burnt by management at Jubilee and Andrada).
Unless there is more dilution?