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That's hilarious.
He's a con man and a failure.
Good to know he is working so hard for our company
Oh wait a minute he's been so successfull he has time on his hand to start up the next XXXXX you can call it what you want.
https://li-africa.com/corporate/
New job and updated Linked in Profil to boot. If this doesn't make you laugh....
Executive ChairmanExecutive Chairman
Lithium Africa · Full-timeLithium Africa · Full-time
Jan 2024 - Present · 4 mosJan 2024 - Present · 4 mos
London, England, United KingdomLondon, England, United Kingdom
As the Executive Chairman of Lithium Africa, CEO of Waraba Gold, and Executive Director at Contango Holdings, Carl Esprey is driving the innovation curve in Africa's mineral exploration sector - reshaping the industry and unlocking its untapped potential.
With financial roots as a Chartered Financial Analyst and Chartered Accountant, and time spent analyzing M&A at BHP Billiton, Carl possesses a unique blend of financial acuity and resource sector expertise. At GLG Partners in London, he further honed his skills by identifying emerging investment opportunities.
Under his leadership at Contango Holdings, Lubu Coal project in Zimbabwe is poised for accelerated development and positive cash flow. As CEO at Waraba Gold and Lithium Africa, Carl guides more than 30 professionals to explore Africa's richest regions. Their aim? Fast-tracking discovery with cutting-edge technology and strategic alliances.
Carl's career is a testament to his deep passion for Africa's unique geological landscape. With Africa at the cusp of a minerals boom, he envisions a future where the continent plays a pivotal role in supplying the world's increasing demand for critical minerals. Carl is not just a witness to this transformation, but a driving force behind it. Join him on this journey as he shares his insights, knowledge, and perspectives along the way.
Price only needs to rise by 2000% to reach the price target pitched by Doc Holiday a few years ago.
It’s important they secure a credible medium-long term off take deal which is moderately profitable, anything less is not going to create sustainable shareholder value
Aye, sods law it changed back to 22% spread just after I posted. I have to admit, I'm still new to understanding some of the drivers. I'm sure it's not just volume
? 09-1.1 so not sure what you are looking at - this is CGO. Perhaps the brokers came in late, and you're looking at 15min delayed data so you'd see the first ones on the bid/ask from 7.50 (and there are ones which are 0.9-1.4 but currently:
0.9-1.1 (top of bid/ask)
0.9-1.2
0.9-1.3
0.9-1.4
0.9-1.4
0.8-1.4
bid 0.9 ask 1.4, so over 50% spread. that's a volatile spread. why is the spread so wide? someone somewhere must be making a killing out of this. i know there's a bit of supply and demand, but someone is taking the **** somewhere.
This guy needs go, be replaced, Carl, if r too salvage anything
Looks like he bought on the open market, not via the placing.
Thanks for you input - appreciate it.
Not quite right there EbbsandFlows - just means they aren't preparing the accounts as they released the interims end of Feb 24 so a good few months to go before annual accounts prep. Not sure how you link a NED buying to there not being a closed period linked to no news expected whatsoever even though they just told us they are working on many different avenues. We had that update yesterday so that's the current information in the market. Q2 clock for offtakes ticking.
If offtake agreement or other business progression then yes they can. obviously. Otherwise no BoD or NED would ever be able to buy any shares in any company on the open market as in any normal company there should always be some price sensitive work ongoing!
Noticed that a non-ex brought shares yesterday on the open market. Not knocking this but, does that mean we are not in a closed period? So, as we are not in a closed period we should not expect any large, price sensitive decisions to come out over the next three months.
Tradylioar - sooo.... the employees at the mine are also culpable for this "lifestyle" placing? Pretty sure they do an honest days work, get paid for it and quite rightly so. Not sure that constitutes 'lifestyle' placing for these. The BoD deferring of course - and yes I know what it means but please, continue to try to spin it. I'd agree if they hadn't managed to get a mineto working order however they have done that too and the proof is there... So even for the BoD, not really a 'lifestyle' company either. Currently they are not drawing it. When the balance sheet looks better they will get paid (and creditors on the loan). That's how it is. Good on them. Got 2bln tonnes of coal for making steel, at a pinch thermal coal (less margin though as stated).
Until then: GLA - offtake agreements (with actual deliveries) for the win. Clock is ticking.
My IPA - And the various contractors and employees that work at the mine - are they deferring wages? Also look up the meaning of deferring. Bargepole.
Tradylior - "The Board has been unilaterally deferring its remuneration since the start of Q4 2023 and will continue to do so until such time that the Company's balance sheet is in a more stable position."
Guess your statement is an untruth :/
Q2 is the make or break here. risk and reward. 1p or just under seems a pretty good risk for the reward imo.
GLA
Your opinions will have you in court before long !!
Well worth investigating the links between RAB and the CGO large shareholders and board
Then look at what other projects RAB are invested in, have been invested in and whom with.
RAB support should not be a green flag for private investors to buy
All in my opinion
Mess of a company. Lifestyle placing to keep wages going. Bargepole.
Looks expensive at 1p
Coal in the ground has no value
Coal mined and sat on hour site with no buyer in rural Zimbabwe has no value
1p share price is literally potential of a deal; the track record of the board suggests a deal is unlikely and to compound matters the company governance and the country it operates in governance is questionable at best
Didn’t exactly dump much lol
Looks like it's all about Q2 for several offtake agreements. BoD want agreements done during this quarter of 5x the MNC volume. Plus possibility of JV/project sale. Funding will last for Q2 so should be either boom or bust. There was activity on site as stated. Placing shares already baked in being at 1p - now we know why the SP was dropping on minimal sells.
imo good to at least get an update - and all that BS about being taken private was just that. BS.
Wonder if the insider dumping on Friday is buying back.
More hot air and flannel.
As I said on Friday, no point selling now, shares are worth next to nothing so I'll see how this pans out.