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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 paulindoonon Apr 16, 2010 12:35pm
471 Views
Post# 17000350

RE: Debate on AGQ's value

RE: Debate on AGQ's valueSunjammer, perhaps I can shed some light on one aspect ot the Grafton situation, although I must point out that I have no way to verify this.
While attending the Investor's presentation by JW @ Royal York, Mar8, I asked him why he ever got AGQ involved with Grafton. At the time it looked like to our mgnt that the normal avenues for raising funds in that market had few options with slim pickings - think back to what happened to most juniors explorers at that time & that "slim pickings" statement starts to make sense.
Jw as a supplementary also stated that Grafton people were difficult to deal with. For example, AGR /Grafton would achieve some agreement on some terms one day but for some reason in the next meeting, some of those details were lost to the same Grafton's group - my take is that "old age" syndrome labelled as senility may have been in play. How JW could maintain his focus & composure with that fluidity speaks volumes to his abilities.
Now with the disclosed statement that Grafton have, & are continuing to, shed their AGQ holdings, I would say the sooner that's done the better of AGQ will be.
I fully expect the Cdn SP to rise higher than yr 12p target = Cdn
18. My personal believe is that once the ore is on a continuous delivery to the refiner, AGQ should rise to be in neighbourhood of Cdn0.25 to 0.30. A caveat to this - I am supposing that Au will not take a nose dive (some concerns about that due to Elliot wave theory). If Au drops, it is logical to suppose that the action will have a negative affect on the AGQ SP.

All above IMO. GLTA 
Bullboard Posts