George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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if your not happy sell up and leave
let the BOD get on with the job they are doing
trolls
You forgot 3) Stuff their pockets with shareholders money.
The management team at Quadrise deserve a rousing round of applause.
Their business model is simple, yet extremely effective.
1) Sign some form of pre commercial agreement e.g. an MOU which places no obligation on the part of the counterparty.
2) Release an RNS outlining the companies delight at such potential.
Repeat several times a year.
When cash flows dwindle
1) Raise funds in the form of something like an Open Offer.
2) Point to above mentioned RNS's to show progress and potential.
In my opinion it is simply genius as long term shareholders will refuse to sell incase they miss out on one of these pre commercial deals finally commercializing otherwise known as FOMO.
In addition many will average down as the share price drops in order to increase their shareholding so that they will have an extremely large cash pay off when the commercialization happens.
New shareholders are enticed in through new RNS's and at such low share prices have nothing to lose.
It is a wonderful business model!
A toast to MK and the BOD for another year of the same - Cheers!
TheMoggster
Or rather behind
Don't start me on Boris! Bring back Guy Fawkes. I need this share to go up so I can leave the UK behined!
The time it has taken me to write all that there have been 5 trades. 1 unknown and 4 sells...Yeah Right!
The only good thing about this and yes say it quietly they appear to have changed the basis for a slightly better feel to the share price. Have a good wekend all, you will be pleased to hear that is it from me!
'Price Going Up'
Hardly! After an amazing amount of trades at 3.20p and one unfortunate who paid 3.33p for 300,000 yesterday which didn't move the underling price one jot thought I would monitor price movements and trades as I have nothing better to do today. Live price in small parcels just now was 3.17-3.25. Hope I am not boring everyone..won't be long. After the usual attempt at mugging individuals who deal to early our clever clog market makers settle the indicative spread at 3.15-3.47 for some while. Then the offer comes down to 3.46 and low and behold an automated trade goes through at 3.46 in 25,000 shares. Then not long after the indicative offer comes down to 3.39p. What ever they are trying to prove these people take the pi.s almost every day of the week and get away with it. Shameful ...makes Boris seem like an angel. RANT OVER.
But well done Boris and thank goodness we can say goodbye to Jeremy and John. Rhymes with Flower Pot Men but thought that might be a lttle childish. :-) lol lol
GLA
Write another request Kettle
That one worked,if only brieflyx