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Alien Metals Ord Shs ASLRF

Alien Metals Ltd is a United Kingdom-based mining exploration and development. The principal activity of the Company and its subsidiaries is the exploration and development of mineral resource assets. It holds a collection of projects within its portfolio, spearheaded by its Hancock DSO (direct shipping ore) iron ore project in which it has a 90% holding, through its 100% owned subsidiary the Iron Ore Company of Australia (IOCA). In addition to this, the IOCA portfolio consists of the Brockman (90%) and Vivash Gorge (100%) iron ore projects both surrounded by tier 1 tenements owned by mining corporates, such as Rio Tinto and FMG. Its Hancock Iron Ore Project is within 20 kilometres (km) of the established regional mining hub of Newman. Its Elizabeth Hill Silver Project is situated approximately 45 km south of Karratha in the Achaean Pilbara Block of the Pilbara Craton. The Munni Munni Project hosts significant PGE mineralization. This includes palladium, platinum, gold, and rhodium.


OTCPK:ASLRF - Post by User

Bullboard Posts
Comment by blacky2on Sep 20, 2007 5:37pm
196 Views
Post# 13438210

RE: Volume Average

RE: Volume AverageHere's an explanation from Jim Sinclair's mailbag from his website- jsmineset.com Dear Jim, Can you tell me the impact of the new short selling rules that remove the necessity of shorts having to sell on a transaction that is above the last sale or a sale the same as the last rising tic? Yours, Dr. Bob Dear Dr. Bob, The following has always been true in commodities: A short seller can enter a market for a single share late in the day and simply hit all the bids that are out there to paint the shares as being weak. Stockholders, most certainly in the precious metal shares, need to get used to it. There is also a risk in that as they get depreciating prices a precious metals company's stock will reflect positive market interest as gold moves higher. Your answer is all that the removal of the restrictions on short selling means is more volatility in common shares. This will certainly be the case in gold, mimicking the wildness of gold itself. It's just more casino-type action but stockholders need to know this so they can interpret properly the late day action or the action of persistent short sellers. Sincerely, Jim Sinclair
Bullboard Posts