George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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@Troajan, its an eye opener, but your never quite sure...
@Daven66.. Its difficult, if they hit big your ISA will set you up nicely..then you will think only if it was all in my ISA..Your plan looks less risky than mine at the moment..
If they totally fail they have the other two fields and still more Rukwa sites, so not all over..
But if we have say 3 drills, and they stick to it this time, its going to a ride..
If this hits 48p, we will be in the money and before then imo, have you read the risked and derisked values for each of the original sites...for an idea.. I would expect 48p after a discovery, then FOMO will set in...Porky will short circuit...
If we hit 48p last time people would have almost been paying for success at 1 site before it happened.
We wont know the true worth of the well until appraisal drilling has been completed, I have no idea how the price will differentiate between discovery and appraisal..
Last year I de-risked on Tai-1, averaged up until 18p, sold at 23p doubling my investment, left all my profit on the table..
That was a fail but we had 3 other sites in the plan, so price dropped to about 9p I think. Still a good profit..
They announced Tai-2 ""We are delighted to have started drilling activity at Tai-2, testing shallower -*targets*- that were not fully evaluated in Tai-1" . I had put most of my profit back in expecting them to test at least 2 targets..The 2nd had reported free gas.. So expected about 2 weeks of drilling and time to de-risk again, but its the same locations, must be there..., it was over in 1/2 that time... They stopped on the 1st untested target...
Were you in last year, it was just as positive as now..
dai2belts
its all data driven from now on m8.
ime sure after the last wire logging mistakes,they wont be doing that again.
no reason why the sp,cant get back to the old highs of last year,on good hits
just remember to take profits,if it does and not get carried away,with the hype.
insider trading?yeah,its rife m8
last friday,i posted somewhere,that huge trades were going through,around 3/4pm,on friday,for AMC....3 working days later,a takeover rns landed.....hmmmm,someone new,lol.
you see it all the time....loads of huge trades on cir,this week,i wonder why
and allianz tech
@Troajan, its that temptation for the big one...and missing the clues to get out
Its difficult the CEO's job is to be positive always, and thats all we have...
but clues, probably nothing more than conspiracy, both raised an eyebrow at the time, but thats all..
here noob spotted trading volumes on a financial web page way higher than reported elsewhere, London Stock Ex trade report had an extremely high number of cancelled and amended trades on the same day..
ADV, for some reason issued an interim which would have looked sweeter a few days later with the new asset added for future vision, a few hours later 2x £230k trades 1 second apart.. then not 1 hour but just 10 minutes before the morning bell bad news..
I have 50,000 @ 9.6 in a GIA and 232,000 @8.2 in an ISA
My plan was to wait until price hit nearer .48 then sell my GIA and let the ISA ride long term.
What is a better plan, considering this is all i have from a redundancy last year.
dai2belts
i mess up aswell m8,sometimes,big time.
everyone does
I say 9p, its just a number, not a prediction of a low..
I am not very experienced, you need some luck and good timing or getting in early..
Troajan has been around for a long time, so either has a money tree or knows what he is doing..
He1 is speculative, if drilling takes place, and there is no gas, the price will fall real fast, getting a quote from barclays before the bottom will be lucky, even then it may time out and not complete..then your at the bottom waiting for the bounce.. Often traders turn up for the bounce, the update will be positive even if its a failure... be up early checking for RNS close to results, don't rely on LSE to publish the RNS, check elsewhere..
This is how He1 announced no discovery..
"Helium One (AIM: HE1) is pleased to announces the completion of its 2021 exploration drilling campaign with significant new data to move rapidly to Phase 2 exploration work at its 100% owned Rukwa Project in Tanzania."
The last point of the highlights
"· Tai-2, although completed without identifying helium gas, has provided valuable information on shallow trap and seal potential "
Consider a de-risking strategy, for a simple example, buy at 9p twice what you want to hold for the result, aim to sell 1/2 at 18p to return your investment. If 18p comes easy hold for more selling 1/2 and take some profit.. Be flexible maybe you will need to sell more to return your investment, maybe you will want to risk some of your cash, maybe take all of your profit rather than going for gold.. I have risked my profit, and its been lost...so nothing much too show so far..
many people do that,jumpin head first,not knowing much about the markets
but we've alldone it
why dont you just watch from the sidelines m8....until your ready
I opened a Barclays share isa, brought a few share, sold a few but would love to understand more, but it’s not my profession. So very new, and often buy for what I read! But metro bank and motif bio, hasn’t been my best choices.