George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Ahhh that old field extension which has what ?? 2 years left all down in a way which means Colin will get nice brown envelope when this gets sold for peanuts
Antha,
There is also the option to extend the licence. We are told it is built into the agreement however, it is the viper in the nest that holds the licence.
Yes fond memories and all done for Hendo's exit, in hindsight we all should have listened to dougb who I believe made a nice profit selling at over 3p. Luckily I got out over a year ago but I could have made soooooooo much more.
I remember when Colin was standing in front of the gas flare and everyone got excited and sp went over 3p
True but more likely they are just waiting for the licence to run out in two years, why pay when you can get it free.
A Slovenian company
I'm amazed this company is still going, it's got no income and literally nothing in the bank so it's either a takeover (possible but who would be daft enough to get involved with Slovenian bureaucracy) or more placing's.
Yes something going on. I do not know what. But even a take over rumour is not moving this.
Something is definitely going on... What is your alternative take on last week’s huge trade? And don’t tell me it’s someone naked shorting!
Where's all this take over chat come from. People been saying take over for years. The sp wouldn't be here if there was. Total joke this company.
And I wouldn’t want to hazard a guess at a price but I suspect it will be less than we want and much less than the perceived value of the asset and most likely less than the money invested to date. I suspect 1.4p might be on the higher side even though it would present fair value to the buyer and a reasonable mark-up on today’s price.
I’d be happy with 1.4 pence at this point but if the company does get bought for that - while you can’t really blame JB - Colin and so should hang their heads in shame... Not a great business model to invest £50m in an asset and spaff a load more up the wall on wages etc only to end up selling the company at a price that values it at £30. As always all of the loyal LTHs get shafted.
Hoping you're right Ripley, have you got a prediction on how much ? 50m+ spent and a 50m court case pending , I'm hoping for a 1.4 sp
It is certainly happening, and we get to vote on it!
I would be positive if I was being paid for failing to deliver anything such as a compressor and seismics
Good post Ripley, having attended both shareholder events I am staggered by the radio silence, just take a look at ARS, they responded to the prior day 30% fall by a strong 'no reason for the fall' RNS today listing this years value enhancing events, AST have fallen 60% in a few months yet not a word from the BOD to try and support the SP.
I can only assume the company is about to be sold so they are not worried about the short term share price or the long term finance situation (hence the $500k loan) everything is pointing to a sale or merger IMO.
1) A stated value of 200m euros for the asset (once unlocked) vs a market cap of c.£3m
2) JB’s huge positivity about the licence area and reserves (without the need for stimulation) - the best he’d seen on AIM
3) A seismic review programme in operation but nothing reported to date
4) A board change, corporate review (including expansion plans) and a cost reduction initiative announced in July with no update since
5) However no bids put in for the recent Croatian licence round
6) An appeal decision pending on the permits
7) A strangely timed and apparently rather desperate protest from the Slovenian tree-huggers association re: AST in connection with the appeal
8) AST’s contract with INA running out In November with no update on it and/or any renewal or withdrawal confirmation
9) A huge trade four working days ago but with no corresponding TR1 released as yet
10) But a weird Riverfort TR1 that didn’t make any sense and was weeks after the fact so may have been released to confuse matters further
11) Ongoing silence from the board