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AL8, ALDERAN RESOURCES LIMITED
blacksheep
post Posted: Jan 3 2019, 02:40 PM
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In Reply To: blacksheep's post @ Dec 13 2018, 02:20 PM

Change of CEO & Executive Director Remuneration

QUOTE
Alderan Resources Limited (“Alderan”) (ASX:AL8) advises of changes to the remuneration of the CEO, Mr
Christopher Wanless and the Executive Director, Mr Bruno Hegner as part of its program to reduce
corporate & administrative costs in order to focus expenditure on exploration at the Frisco project.
Effective from 1 January 2019, the remuneration of the CEO and the Executive Director will be as
follows:-

• Mr Chris Wanless – annual remuneration for full time employment reduced to $189,000, previously
$219,000. Entitlement to severance and redundancy package payments shall continue to be
calculated based on previous annual salary; and

• Mr Bruno Hegner - annual remuneration for 60% full time equivalent work hours will be
US$129,600. Previous annual full-time remuneration was US$216,000. Entitlement to severance
and redundancy package payments shall continue to be calculated based on previous annual
salary.

All other terms and conditions of Messrs Wanless and Hegner’s remuneration remain unchanged.

These changes to executive remuneration follow company-wide cost reduction measures in order to
preserve cash for exploration activities.




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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 13 2018, 02:20 PM
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QUOTE
I fully expect AL8 to get to $1 Billion within 12 months tbh.


The above was a comment made back in September 2017 when a number of HC hearts were posting constantly on this stock. The SP reached $1.67 in December 2017

Today, more than 12 months later, that $1 billion market cap most certainly has not eventuated - it's currently $20.7 million, the SP is 14c and the hearts have disappeared from posting, as they so often do sadsmiley02.gif

As at 30 September 2018 AL8 had $195k in kitty. Subsequent to the end of the quarter the Company completed a private placement @ 20c - same as initial float - to raise a total of $3 million before costs/$2.8 after costs and estimated outgoings for this current were $2.3 million.

AL8 needs some good news, and soon. Just IMHO

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Sep 28 2018, 12:16 PM
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In Reply To: blacksheep's post @ Sep 28 2018, 10:49 AM

Speaking of "promotion" maybe this is where some of that money is going? . rolleyes.gif

Might see a couple of HC luv hearts back on the promotion trail shortly - after the "beers and a BBQ with steaks that bend" party? biggrin.gif Investors who bought at $2.40 are, no doubt, currently crying into their beer - if they can still afford one that is. According to Mr Fitz good news is just around the corner - "What caught the eye in the Monday drilling update was a reference to assay results from another two holes expected in October." so those sophisticated investors who took up the 20c offer should be pleased

QUOTE
Kumova’s Alderan gives a glimpse of the good stuff as copper-gold assays beckon
Bustling mining investor Tolga Kumova has invited 100 of his closest mates to come over on Saturday to watch his beloved Magpies take on the Eagles in the AFL grand final.
28th September 2018
Barry FitzGerald
Bustling mining investor Tolga Kumova has invited 100 of his closest mates to come over on Saturday to watch his beloved Magpies take on the Eagles in the AFL grand final.

But ahead of the hoped-for Magpies victory, and some beers and a BBQ with steaks that bend, Kumova’s attention in the past couple of days has been on last year’s boom copper-gold-zinc float, Alderan Resources (AL8).

Floated at 20c a share in June last year on the strength of its Frisco project in Utah, Alderan raced off to a staggering peak of $2.40 before beginning a long slide to a low of 22.5c ahead of its recent rally to 27c.

Alderan went in to a trading halt on Wednesday ahead of completing a placement, expected to raise $3m or so at 20c a share. So it is a case of back to the future for Alderan. It’s effectively starting again.

Kumova holds 14% of the stock and was a buyer before and after that $2.40 a share peak. He is also expected to emerge as the main backer of the placement, with some renewed enthusiasm for Alderan’s Frisco project to boot.

The renewed enthusiasm is based on the fact after spending some $10m on exploration, Alderan is finally drilling the Accrington copper-gold skarn prospect at the multi-target Frisco project after being held up by the receipt of drilling approvals under Utah’s overlapping State and Federal claims system.

Accrington is where Kumova first got excited about Frisco after kicking a lot of green rocks on the surface when scouting the project before it came to the market in the Alderan float.

It was another Syrah (SYR) moment for the former Syrah boss and major shareholder, a reference to the first time he set eyes on what has become the world-class Balama graphite deposit in Mozambique. Syrah was a penny stock at the time and is now worth $750m.

Needless to say that apart from the commodity difference, Frisco is no Balama, not yet anyway. Initial drilling results into the Accrington skarn have been promising. The first hole returned 102m at 0.58% copper, 0.6% zinc and 9g/t silver from 194m, and 16m at 0.62% copper from 84m.

“It is still very early days, however the scale of the Accrington mineral system presents an exciting opportunity for the Company,” Alderan said on Monday, ahead of going in to the trading halt for the placement.

“We have only just started to uncover the potential across the Accrington skarn which measures up to 4km by 2km in aerial extent.”

What caught the eye in the Monday drilling update was a reference to assay results from another two holes expected in October. Go to Figure 5 in the announcement and there was a picture of drill core from one of those holes showing both bornite and chalcophrite mineralisation.

That raises expectations for higher-grade hits at Accrington which would make Alderan’s task of demonstrating large scale resource potential at the property – in a mining friendly State known for big low-grade copper-gold systems - all that much easier.

https://resourcesrisingstars.com.au/news-ar...d-assays-beckon



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Sep 28 2018, 10:49 AM
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In Reply To: blacksheep's post @ Sep 26 2018, 10:16 AM

Cap Raise @ 20c to raise $3mil - placement managed by BW Equities.

During the 12 months to 30/6/2018 AL8 spent a total of $7 odd mil. The $3 mil raised today should last a few more months.

Get a load of the "Marketing and Promotion" costs - $227k Who is getting this money and why? The result of all that "promotion" can be seen in the chart below. No doubt the early "promotion" was very profitable for some when the SP reached $2.40, but it's now back to 20-ish cents. The best "promotion" for any company is to let results speak - all just IMHO.

QUOTE
Cash flows from operating activities
1.1 Receipts from customers - -
1.2 Payments for
(a) exploration & evaluation (5,223)
(b) Worker & field costs inc accommodation (570)
© Marketing & promotion (227)
(d) Director & corporate staff costs (311)
(e) administration and corporate costs (742)
1.3 Dividends received (see note 3)
1.4 Interest received 16
1.5 Interest and other costs of finance paid - -
1.6 Income taxes paid - -
1.7 Research and development refunds - -
1.8 Other - -
1.9 Net cash from / (used in) operating activities (7,057)



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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Sep 26 2018, 10:16 AM
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In Reply To: blacksheep's post @ Sep 21 2018, 03:06 PM

QUOTE
Posted Sep 21 2018, 03:06 PM - Hopefully a better result than the last one - they are running low on cash again.


Results didn't set the SP on fire. Results were followed quickly by TH announcing another cap raise.

Lesson for those who got caught up in the early hype that saw the SP reach a high of $2.40
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Sep 21 2018, 03:06 PM
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In Reply To: blacksheep's post @ Aug 20 2018, 09:41 PM

Hopefully a better result than the last one - they are running low on cash again.

REQUEST FOR TRADING HALT
QUOTE
Alderan Resources Limited (“Alderan” or “Company”) requests an immediate trading halt, pending the
release of an announcement in relation to exploration results at Accrington.


The Company requests that the trading halt on the earlier of the commencement of normal trading on 25
September 2018 or when the anticipated announcement referred to above is released to the market.

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 


blacksheep
post Posted: Aug 20 2018, 09:41 PM
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In Reply To: melua's post @ Aug 20 2018, 06:10 PM

So this ann today covers the result from the 2nd drill rig @ Accrington - as per PR 30 July. Market clearly unimpressed on that front - down 16.7% @ 40c.

What about the 1st drill rig results from the Perseverance porphyry prospect? They had some difficulties in the beginning of the drilling but suggested in the last Qrtly - ". It is expected that ALIM003 will reach the Perseverance target in coming days and will be completed within the next 2 weeks." - "with initial results due in August" Either they are holding back - get the bad news out first, follow up with better news - or both are not what they were hyped to be? Can't be too much longer since, as you say, cash is running out. They really need very good news to enable another tin rattle.
QUOTE
Cash position:

Cash and cash equivalents at end of period* 1,737
* Subsequent to the period end, Directors & management of the Company gave notice to exercise options at various exercise prices, for a total of $380,000 to be received in application funds.

Estimated cash outflows for next quarter 1,925




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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
melua
post Posted: Aug 20 2018, 06:10 PM
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In Reply To: blacksheep's post @ Jun 27 2018, 08:38 PM

Illiquidity is great on the way up but hurts on the way down. Running out of cash too. Looks sick.

 
blacksheep
post Posted: Jun 27 2018, 08:38 PM
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In Reply To: NPH's post @ Jun 27 2018, 05:10 PM

QUOTE
It's being called the biggest risk/reward hole on the ASX,

You got that from the man bunny? biggrin.gif
Hope it turns out a big reward for you.



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
NPH
post Posted: Jun 27 2018, 05:10 PM
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In Reply To: blacksheep's post @ Jun 27 2018, 12:13 PM

I've taken a position. If the drill bit does some nice 'talking' the stock will be very hard to get as the register is very tight.

It's being called the biggest risk/reward hole on the ASX,

 
 


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