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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 cottager97on Jan 06, 2011 1:48pm
249 Views
Post# 17934022

RE: RE: RE: perfect storm

RE: RE: RE: perfect stormThat sort of selling happens from time to time,any seasoned investor would look into it further before bailing.It sounds like the sale was for non fundemental reasons and if you think about it,we all bought into this for a reason.I've been in this for almost 2yrs and my profits have been staggering as well..and I have been adding on weakness and bought in the last couple of days,I bought this for all the reasons that have been discussed on this BB and my rule is if the reason I own an equity still exist which it does,then why sell??
 In my opinion this is going to be a very very volitile year for commodities especially PM's and incredibly volitile for juniors (not for the faint of heart) we could see huge swings to the downside and mega spikes to the upside..using put and call premiums along could earn significant cash but otherwise hold on put the stops in place and don't watch so closely..
If you believe in $50 plus silver and at least 200moz and the market valuation numbers posted elsewhere..then for gods sake why would you sell??
"Dumping" is a mass event and not what happened in JW's case.
Bullboard Posts