George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Hi Guys
What we need is Elon Musk to buy the company.
ALL PROBLEMS SOLVED.
You clearly have not seen the workings of African ministries. Bernie has completed everything his side as confirmed by request of payment. Licence will come but not sure the Mali PM will be rushed into anything. Please stop with the negative garbage!
Indeed they do, which is why I stated what helps us, I meant as in shareholders, often helps them as they will be a shareholder too.
@Daza, indeed on paper the BODs role is to increare value for the shareholders and certainly vocally this will always be the official line taken by a BOD ...HOWEVER.. most friends or indeed just people I know who are at BOD level behind closed doors will tell you increasing the shareholders asset value is not their main aim. Aim 1 is usually increase their own wealth, aim 2 is usually create a long lasting, good company that they can be proud of. The natural by product of both aims is often a resulting increase in SP. Most BODs are shareholders so by proxie helping us helps them and vise versa.
Lots of sense being spoken in this thread, nice change for kodal bb ;p although sure that’ll change when a select few of the other well Known posters show up ;p
Yep agree completely speel. I had no intent for my post to seem patronising my apols if it did. More just writing my thoughts out.
Atb.
Mark, play form for live trade data is advfn they have an app.
Atb
Daz423. Ghoti, i do know these things. I just think that any RNS should never commit to timescales or infer a time scale because this spooks the investor if it is not achieved. I also think it gives derampers an opportunity.
Good post ghoti.
My thoughts line with yours 100%.
Thank you
Speel, I don't think BA is looking to put everything in a single RNS, he (and the wider company) are just getting their facts in order, after all, it is a regulatory news service and they have to follow the relevant rules. The lithium licence will be announced as soon as it has been signed. They can't sit on that news, they can only wait for the prime minister to actually commit pen to paper, the timing of which is completely out of their hands. The results from the gold assays will be announced when the labs have completed their analysis, and we know that there are some delays in labs getting stuff processed, but again, it is price sensitive information, so they can't sit on it (they can look to double check if the results look too good). I believe it would be bad form to sit on the gold news whilst they look to set up a JV, as it should be public domain before any deal is struck.
Private Investors frequently expect news to be announced in the shortest possible time frames, when the company often has to jump through regulatory hoops and other behind the scenes stuff. As another mentioned, the stock market is a mechanism for moving wealth from the impatient to the patient, so if you have faith that this company is moving in the right direction then sit back and relax.
Speel.
There is other members of bod correct but rarely do i ever see a RNS announced with such news. Issued by anyone else other than CEO.
I agree with you too much in one could overwhelm market and level of positive news over looked. Personally id prefer a slow increase in sp over a time period with staged announcements. Similarly to GGP. Prevents a horrendous spike then retrace.
Atb
Is BA the only person working for the company? He maybe busy but if there was RNS to issue, surely he wouldn't be the only one who could do it. I get that rhe RNS has to be comprehensive but if we receive a RNS that monetises assets,, reveals gold results says that the license has been signed and announces a JV. I think this would be too much for the market and would spuke the sp and leave no further news to announce. So where would the next RNS come from?
Great Post Daz agreed 100%
Thanks again daza for your hard working input to save me money. Much appreciated.
I simply believe BA is still occupied visiting projects. Pushing the cause as seen on twitter. He maybe waiting for something re JVs or further to be concreted. Personally id rather he took abit of extra time or care in writing an RNS instead of rushing out something half complete to then get more information re license, possible JVs. To have to update us again.
Days is nothing in bussiness and weeks is not much either.
I trust the process. Some people are just very inpatient. Its those people who lose money.