George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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hammer just like todays close is wrongly too high
hammer , you are correct , the stupid way this works a crossed late trade can give a false price.
I must be seeing things, but I was sure the sp finished at 0.0925 yesterday, not 0.85?
Jekyll & Hammered, you saw yesterday's offered explanation?
Those weird little trades are also happening on PHE Hammered11. I would have thought that somebody in authority should be stopping them as I can't see any advantage to the vast majority of investors. Probably the opposite.
I see we are continuing stupid little buys and sells, that only appear on Prem.
It is so annoying as you look at the number of trades and think wow, there is a lot of interest here so something is happening.
Then you look at the actual trades, and think WTF?
Thanks for your reply novykluk... I agree lockdowns are going to have negative effects on business, however I don't think food production will be as adversely affected... A simple observation where I live is farmers have been going at full pelt right through lockdown... The world still needs feeding.
Wolf, a couple of points;
1) I am not saying it won't be economically viable for Circum to IPO now. I commented that I thought I read ACKER had Posted that a while ago.
2) Most of us will have noted the sad death toll to which you refer. But the relevant fact is not the number of deaths per se, but the effect that the subsequent lock downs around the world have had on the global economy!
Most participants on here will have noted the widely reported expectation that there will be a world wide recession. In that environment it is logical that companies will want to minimise their exposure to debt and business risks. Then logically IPO's are less likely.
I would add though, I am not saying I think the world economy is heading for Armageddon. Though it seems it is the negative economic impact on individual governments the lock downs have had, and then the measures they subsequently take, which will have the biggest influence on how businesses react during the next 12-18 months.
Thank you Donald!
Novykluk, approximately 360,000 people have died from Covid 19 in the world to date... 360,000 are born every day in the world... Why would it not be economically viable for Circum to IPO now.
Good post Novykluk
ACKER, re; "Why not defer the SGM until AFTER the Circum news."
You appear to be a pretty intelligent chap and knowledgeable too. So please note my comment is made with respect and I have no intention (or the time) to get in to a ping pong of confrontational messages. That's not my intention!
If you had Posted, "Why not defer the SGM until the EPO is announced?" (because it's being said to be relatively close......though no one knows if that's true or not), that would seem logical to me. But waiting for Circum to be announced, seems to me to be very uncertain and quite possibly much further out in time than the EPO......at least IMHO!
I think I read a few days ago, you were suggesting that to get a IPO away (i.e. Circum) in this climate, was very questionable and unlikely! It seems to me that given that PREM has debt payments falling due soon, there is an urgent need to deal with those to remove the risk of a payment default and the horrendous consequences which could follow! So if the EPO is so close, I am hoping that will land and that the attendant fillip that would give the share price, will enable the MNH equity to be acquired with a "fraction" of the shares which would otherwise be required.
Waiting for Circum I doubt will "cut it" 'cos I think that is likely to be too far away.
Also a separate question, if you are invested in Prem, then presumably your interest is to increase the value of your holding. So even though the majority of us SH's detest being put in the position GR has put us in again, why would any SH vote no to the resolutions and risk Prem going in the direction of financial collapse?
NK.
Every trick in the book will now be applied to get the SP UP before the SGM.
Expecting RNS with more carrot dangling.
Why not defer the SGM until AFTER the Circum news.