George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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i agree, i think in any country like urkraine the risk is pretty high at the same time the business is pretty well established now, the country needs and has the income so the level of instability changes overtime unless the head guy ****es off some other head guy who is worth billions more.
the divi this year might be huge, i assume they are spending far less on logistics and costs due to oil price and energy prices in the processes alongside sufficient countries that are taking the product. happy to hold for sometime now, the sp will start to reflect the potential divi that could come
No doubt the Ukraine is a big risk - but the risk to reward on this share is so tilted. I am not sure why the Swiss head office is there - it is very annoying in that we get the witholding tax on the divi (i dont mean to reopen the divi tax wound - it is what it is).
I have mixed feelings about Mr Zhevago, or for that matter any oligarch investment. IMHO we rely on the oligarch to protect our asset - his oiling of the Ukraine machine keeps other forces off our backs - in fact all this Zhevago stuff feels like a Oligarch v Oligarch McMafia style "total war" challenge. His competitor gets his charges raised - Zhevago minions now quash it. I would expect the case to drop now - looks like Zhevago is again the winner. That is the other reason I would expect SP rise - the challenge is failing, no new king, all hail the old king....
Bottom line is that if we didnt have an oligarch, we would soon - just with a different name.
yes you are right, its ex divi yesterday paid 5th july. i bought some yesterday and today, going for both divi and growth, i have a lot in finance, insurance so thought i woudl diversify a bit!! gla
unvkrw. It went ex div yesterday 4th. So anyone who purchased then won't get the div this time around. Nelson the wider Ukraine risk is in someways more of a concern than perhaps Mr Zhevago. Do you think having its head office in Switzerland, where incidentally Glen have theirs, offers some kind of safety net. It seems like we pay Swiss tax which can't be too agreeable to a struggling regime in Ukraine? I think I mentioned before they are due the first part of 5 billion bailout around now, not for the first time.
Hi Maksym
I think we PI's were hoping this might influence opinion. When I mention FXPO to my broker friend he always cites the boss and the charity scandal that led to the auditors resignation - very dismissive (he has never even got to considering the wider Ukraine risk).
The independant enquiry into the charity was not as thorough as it could have been but in its conclusions it did state there is no obvious link to FXPO. Most crucually this all concluded a year ago.
So, our main shareholder is no longer a fugitive (he is still being investigated) and the charity saga is fading into the past. Debt no longer scary and add that to a business that white hot in its current money making and you would hope 300p is not too far away. Even on current earnings 300p is a p/e of about 5 and I believe the earnings will be stronger.
I know 200p is closer but its not the prize with this share - if the August results are stellar, we become net debt free, and we commit to expansion - we will be 300p at that time - its only 2 months away.
GLA
NtD
today is ex divi day i think for just over 3 cent a share. it will then be paid in july so we mau see an uptick today which we are seeing in the whole market. cash is very good, oil down, costs down and this really then drives huge positive sums. i've bought in, i think its a good share at the moment
On May 25, the Kiev Court of Appeal overturned the decision to detain and detain the businessman and former people's deputy Konstantin Zhevago, which was adopted by the Pechersky District Court of Kiev in early December 2019. This was reported by the press service of Zhevago.
"The decision of the appellate court established that Zhevago was not and is not on the international wanted list, was not hiding and is not hiding from the preliminary investigation bodies and the court, and that there are no legal grounds for taking Zhevago into custody," the report said.
Got in today. Dont think we will have to wait long for £2.00. All these miners and producers are doing well at the moment.
With the court ruling, its another step towards being seen as a normal risk. I pushed out my view on FXPO about a week ago - i think we will drift up to £2ish and then go stratospheric to £2.50 - £3.00 on our results.
Risk rating - we are currently p/e under 3 - given the consistency of our many years uninterrupted production - this isnt right - court news will hopefully help to raise this. Moving to 4 would add 60p to price.
Results and debt - we have been removing debt at an incredible rate over the last few years and i believe that in August we will be in a net cash position and announce new capital spend to expand our output.
Our production costs will have reduced and our sell price remains very bullish and as such we are pulling in enormous cashflow.
Any thoughts?