George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Agreed. I know I’ve posted this a couple of times but I’m in at 3.2p for 30k shares. I wasn’t missing this boat regardless.
If people remember me saying my target would be sub 3p, 2.5p if I’m lucky. I changed my plan but I was going to top up instead, did I? Nope because I’m silly, but I will be firing another 10k on at some point this week. I feel like this is the new level.
All the best,
Muel
I didn’t think the 2p brigade would appear today,so much doom gloom On Wednesday About new shares coming to market today,in fact we finished 3% up.which to me is a good day.
and the new to the board professor of doom has not been on to do an 'i told you so' victory dance.
Do I think they had some validity in terms of dilution impacting the share price? yes, in a normal share under normal circumstances.
BPC is in that odd space where it cannot be valued on its fundamentals, in many respects the share price is of little importance day to day at this stage.
The PI (general not poster specific) sentiment is such that people are aware a drill is looking like the most probable outcome (funding mostly in place, Bahamian Government would welcome the revenue stream) . Once that 'almost certainty' is confirmed or killed by an RNS the SP will jump.
Before then it will bumble along on a slow gradual upward path as the number of days left in the window of opportunity to buy in decreases. There will be milestone RNSs that will cause excitement and SP ripples, spike and fall back, but the trend will be positive.
The SP will reflect more and more the potential value of a positive strike once the drill is underway.
everyone will have their own calculation of potential value for that positive strike. We will all be wrong.
If you see a fair value for BPC on success of $0.5bn (example only) then if the SP gets into the 12p-15p range during drilling you probably take your money off the table. Not much point trying to wring out the last few fractions of a penny against the risk of bad news when you are already close to your expected full value.
Unless, by that stage we are looking at drill 2? What then?
Me, I am a gambler, I am like many others here till we know the results at least.
Then, buy out, producer, farm in to drill the rest of the potential locations...
until then, we have good posters, a bit of banter and the prospect of Langans in the spring.
stay safe and well, Mrs P_I has had a G+T already so I am safe to have more than just one drink tonight, on that note I am off to check we have ice and i bid you all a good night.