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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 Nov 30, 2010 9:37am
337 Views
Post# 17775539

RE: RE: News - where did that bit come from

RE: RE: News - where did that bit come fromAh --- now there seems to be a pausible explanation thanks to my good buddy Sunjammer over iii.uk.

Below is copy/paste from sunjammer
Okay as I surmised correctly this morning and I am able to confirm from my conversation with Jim Williams few minutes ago. Xcap approached the BoD with institutional buyers for 6.7m shares, the only way without further dilution to satisfy this demand was for the BoD to exercise these warrants/options and sell to the institution. This is basically fantastc news as we have II support at a price of 31p. Arian are a strong buy below this price.

As regards Mexico, things are going very well. I understand that the drilling is also going well and a second rig will be mobilised to site this week. My guess is still therefore news in December (or early January) for first drill results - Jim would not say when for obvious reasons. Jim will be in Mexico next week. Apparently they now have enough ore stockpiled at the minehead ready for transporation to the millers which will undoutedly work its way there very very soon, I speculate here but don't be surpised for this announcement to be timed whilst Jim's in Mexico.

If anyone wants to independently confirm give Jim a call.
Bullboard Posts