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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
Post by paulindoonon Jan 28, 2011 9:12am
354 Views
Post# 18039460

There may be some movement in price today

There may be some movement in price todaySeems that over in London, the shareprice of AGQ underwent some downward movements. At this moment, AGQ.L is down some 5.25% from yesterday's close - but was down @ as low as -8.9%.

Amongst others, there are two basic reasons, in my opinion, why this has occured today:
1) The general price of Silver was driven down again by those banksters.
Note that yesterday (27th) was futures expiration day, & with the invokation of Rule 48 in NY yesterday prior to NYSE market opening, the drop in PM spot might be as a response to this options expiry deadline. https://www.heritagewestfutures.com/downloads/futures-options-calendar.pdf
With options and futures expiring the last week of every month, the EE tends to pull a smackdown in price around that time. This downturn will be over by tomorrow evening at the latest. Silver is holding up relatively well, I might add.
Thinking the BoS was on the scene (might still be, but he is focusing on silver only right now if so)."

2) Apparently RHPS (RedHotPepperStocks) decided yesterday PM that it was time to lock in the profits in AGQ & therefore issued a "sell". This is the same guy that suggested to his followers (over in UK) to get into AGQ back last fall when AGQ was in Cdn
.56 range. Back then he stipulated to ride AGQ to Cdn$1.10 range. So it seems with the downward PM activities especially of the Silver spot, he has now lost his nerve. I guess he does not believe an NR is imminent. We shall see.

My expectations for AGQ for today in Vancouver is that this might just be a great buying opportunity, what with an NR expected next week & futures becoming bedded down today/Monday so the banksters will release their stranglehold on Ag spot - MAYBE but GLTA
Bullboard Posts