Alien Metals Share Discussion Threads

[dead duck resources] 08/8/2023 20:59

There is a way to make it easier to understand. Your summary has changed 'or' to 'and'

If you write out a new summary keeping the word 'or', it will be easier to understand.

[mr vee] 08/8/2023 20:53

Ste2000

Let me help you out here,

I just re – read my post with fresh eyes, and I can see where you are going wrong.
I do admit that after re reading the paragraph we both quoted from the second RNS (3/8/23) it is more ambiguous than the KEY TERMS OF THE OPTION AGREEMENT in RNS 24/8/23.

If the paragraph was the actual contract then you would be correct, but it is not the contract, it is just used to reference the actual contract.
I hope that makes sense, must admit I’m losing interest now and can’t really be bothered to help you much more, so I will leave you to figure it out yourself.
Regards
Mr V

[mr vee] 08/8/2023 20:03

“As announced on 24 August 2022, as part of the revised agreement for Alien to acquire 90% of Hamersley Iron Ore Project, the Company agreed to pay Windfield a Performance Payment …..…R30;.IF……..….within 60 months of executing the Option Agreement, Alien …….̷0;..DISPOSES …..…R30; of its interest in the project, an IPO or spin out of the project occurs or a decision to mine is taken. Noting the revised timeline above and the potential decision to mine being made, the Company continues to negotiate with Windfield on an agreed valuation basis for this payment. A further update will be made once this is agreed.”


You are just confirming my point?? The above paragraph says what I just said.

I have highlighted the words IF and DISPOSES for you to easier understand

So the logic goes;

IF…… alien disposes interest
And ……. A decision to mine is made
Then action is = performance payment is due
But I agree …. That payment is yet to be negotiated.

I haven’t seen any intention for alien to dispose of the interest so it’s really a moot point.

I don’t see how I can make it any easier for you to understand and I have not been rude in my enquiry so I will just assume your frustration is that you are mad with yourself for not realising sooner,
Have a great evening
Regards
Mr v

[mr vee] 08/8/2023 16:47

Ste2000, I take it you are referring to this RNS;

I have cut and paste the relevant part

“RNS Number : 9803W
Alien Metals Limited
24 August 2022
KEY TERMS OF THE OPTION AGREEMENT:

4. If, within 60 months of executing the Option Agreement, Alien disposes of its interest in the Projects, the Company will pay Windfield a performance payment in addition to the Upfront Consideration (Performance Payment).
5. The Performance Payment is calculated by:
a. In the event of a Tenement Sale: 50% of the value uplift attributable to the Projects;
b. In the event of an IPO/Spin-out event on a recognised stock exchange: 50% of the value uplift attributable to the Projects; or
c. In the event a decision to mine is made: 50% of the project valuation uplift attributable to the Projects.
In each case, the uplift payments are reduced by 50% of the incurred project expenditure. “

[mr vee] 08/8/2023 16:40

Ste2000;

That’s not correct;

You need to read the contract again,

it clearly states that this would only apply if Alien disposes of its interest in the Projects,
i.e. the decision to mine is made, then they sell it on to someone, that will not be the case here.

[ste2000] 08/8/2023 16:27

It’s clearly in the RNS dated august 2022 and also has been mentioned in the second last RNS. They are in negotiations about how to make this payment.

There was a clause that was made when we didn’t have any ceo that caught the company out.

“If a decision to mine is made then 50 percent of the valuation uplift is payable”

We are at the decision to mine stage. An independent valuation could be 10,s of millions. How is alien going to pay that ? Alien got screwed over, why you think the share is being dumped at any price. Go and read it yourself!

Richard was a slippery fox!

[mr vee] 08/8/2023 16:21

Ste2000;
I don’t follow??
“Rod got ripped off because he didn’t see the performance clause which basically makes the company worthless.”
Can you expand on this, I am not aware of any performance clause that would be due (unless Alien disposes of its interest in the Projects) ,
where are you getting this from please?

[ste2000] 08/8/2023 16:15

Hardly meaningless.

You couldn’t shift 100m shares without at least 35 percent drop.

You couldn’t even sell 10k worth now without a negotiated trade. You wouldn’t know that as your a little tiny minnow with no doh ;)

.27 is a fake price only for a small little minnow like you. Honestly 100m shares could easily be a price of .19 to get away. Daft mug knows nothing. Equally if you went to buy a 100m shares the price would have to rise significantly to tempt sellers. You obviously have never encountered this problem. Fishy fishy

As for Rod he is skint. You can take that to the bank! He put all his doh into that .3 Artemis deal, and got screwed. Justice for all the times he screwed the wee man.

[lookingforhelp] 08/8/2023 16:12

Meaningless really. Over 300m shares traded in the last 6-7 trading sessions. Obviously, I don't know RM's financial situation, but I doubt he's on Struggle Street.

[cbeadle] 08/8/2023 14:32

Who has 100m shares to dump, and surely they would be big losers?!

[ste2000] 08/8/2023 14:29

Word on the street is there is someone dumping that has over 100m shares to dump.

Where will this be when that finishes? 0.15p

Rod mcilree has around 150m of shares and recently got kicked out. I bet he is offloading. If so this will go down down down heavy as he bought at .3 off Artemis. He can’t afford a loss, he had to raise 20k recently by selling some to buy into TMOR Ltd. If he thinks this is going bad he will be offloading as quick as he can. Look at the size of some of the sales. Eating up all the liquid stock as soon as any becomes available to sell into. This seller is taking any price. Artemis is a Richard shesiman linked company. Rod got ripped off because he didn’t see the performance clause which basically makes the company worthless. That’s my view of what has happened. He needed to resign as diretor to offload but I bet he didn’t think it would move so quickly. Ain’t that right rod ????? #gotcha, you snooze you lose

[lookingforhelp] 07/8/2023 21:51

he'll probably want them to raise more money soon so he can put more money in at these levels...

[ste2000] 06/8/2023 17:28

Yeah fair points.

Rich will have this back now after all the work has been done and float it in the Australia when the time is right.

Dodgy lot.

[dead duck resources] 06/8/2023 17:00

A silly name for an iron ore company, did they want to go into rare earths or was it just about being so attached to the previous Arian name they went with a soundalike?

On the topic of whether or not to put the project on hold, I imagine the terms of the deal they signed has them on the cosh for committed milestones. They'll likely have to at least progress the BFS to make a yay or nay decision based on independent opinion. The vendor has them bang to rights here, no chance to avoid the performance fee imho.

[ste2000] 06/8/2023 16:19

Yep the rampers forget to deduct 7 percent for lower quality that benchmark. Then 3 percent off for fees plus transport and finance costs and management. Oops

I’d say they are putting the project in ice as the numbers look tight with this performance payment so they are kicking the can down the road again. Forecast prices by the time we are in production we would make a loss per ton.

Dead duck.

Strong sell at any price. Rich will take back ownership of these assets with his fake debt the company didn’t need.

[lookingforhelp] 06/8/2023 15:16

sorry - wrong thread ;)

[lookingforhelp] 06/8/2023 15:13

some interesting numbers from a post on LSE...Operating costs suggested by company are around US$60/t. Expecting to ship a product around 60% Fe, they would receive a discount of about $8/t, freight is about $12/t at the moment, and insurance+commission would be another $3-4/t.The long term broker consensus for iron ore prices is currently around $80/t.If the brokers are right, UFO don't have an iron ore business.

[ste2000] 06/8/2023 11:05

Mathematics don’t add up.

The awards past and current are at least 30 percent further dilution. Rod and rich took 10 percent each recently. I’d say 40 percent it easily could be. Then you have the “performance payment” this in my view could be worth more than the entire company. However let’s say rich is generous and only charges 5m, that’s another 20 to 50 percent dilution.

Then funding could be another 10 percent plus dilution.

So the original 30/40m profit IF iron ore stays high will end up being 5 to 10m for us on a fully diluted basis if everything goes well which I suspect It won’t.

Let’s apply a 4x multiple to that profit and at best we could 3 x our money.

What’s worth nothing is fortescue has a FOBT of 15 dollars. We are close to 70 with transport. So we won’t be profitable if iron goes down which it is forecast to do. The chance for this company was the last 24 months. The infighting and dodgy deals has resulted in small shareholders getting royally shafted.

Strong sell recommendation and as for the paid ramper Max, who never sees a negative and shouts down any debate, he is a paid employee of rich IMO. Nobody could be so stupid otherwise. Don’t get me started on the broker “target”. That is a paid for marketing brochure. It clearly says that! They have 66 reports and 100 percent of the reports are “buy” recommendations.

Wake up and smell the coffee. Don’t give richy slimy rich any more money.

[lookingforhelp] 06/8/2023 09:53

Someone should add up all the performance shares and options that have been given away to all CEO's and Chairman that have been 'appointed' over the last 3-yrs.The Nomad, Beaumont Cornish, should be ashamed of the association with this one.

[lookingforhelp] 06/8/2023 09:50

Would love to see your 'DD'...hahaha.Advisor got his snout in the trough and bringing in all his cronies - maybe you're connected to him somehow and just trying to ramp it for him. There are a few out there 'on the payroll', so keep your eyes peeled.

[lookingforhelp] 04/8/2023 22:14

sold all mine above 0.5.whadabout you ? You mug.

[havinthelasttoast] 04/8/2023 19:18

My minimum holding in any company is 250k.

It’s all relative mate.

Anyway best of luck if your still in.

I’ve 4m left which I will dump on Monday morning at any price. It was hard to dump those today and yes the share might recover but I ask myself would I invest today based on what I know today and if the answer is no I sell.

Best of luck those under water. I’ve messaged Troy on LinkedIn to let them know how scummy I think the team are there. Absolute scum bags. I run medium companies and there is no excuse for how they have treated shareholders.

I was lucky to get out with a 36 percent net loss I think.