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 leave that to you Stan but I bought over 10 years ago
It's only about 5% of my holding so I buy I sell I buy I sell. I last 100000 share at 6.7p , so could be ok to buy again. It's just a few grand here and there without changing the big picture
Utah what is it specifically you see as a reason via sareums ipr for you to be invested and on the flip side to trade it?
thanks Potnak
Glen has been rude to me a bit in the past so not a fan. I think by now everyone knows everyone s position here as we have been on the board a long time. So i think people know that when a question is asked about how low the price will go , we also know that everyone's portfolios takes a a hit and we also know that most are in for long term super profits so we kind of shrug it off .Its a bit like fishing i suppose. I have fish in the big SAR for a long time and when i caught a small one i let it go because it is not the big catch im looking for. However recently i decided to keep the odd one and feed my kids but im still in for the big prize. PYC is a different matter , that has been a traders paradise and the board is dominated by one man PYC PR machine who i feel is the ultimate trader but hides it well
Potnak ... Absolutely... each must decide what to do with their investment and who are we to tell them otherwise? ... I've got a little bit more to go before I de-risk my WHOLE portfolio ... But may lose nerve before then ... Time will tell ...
Yes, Mafuta, have a plan. I've been In a few shares over the years where I lost almost everything. It changed my Outlook and attitude to risk. I respect anyone who can make money on AIM and keep it. As you say, we've a long way to go yet. Still some serious upside still to come.
Potnak I will definitely sell and de-risk ... But not at these levels ... IMO it's much too early to for that ... But each to his own
You do right, Utar. I'd put good money on that most LTH will have sold some shares in recent months. Why wouldn't you derisk and sell enough to be on a free ride? Makes perfect sense to me and yes, it is fun. You get to make a bit of profit and even more amusing, wind people up. What is baffling though is how they think a company worth over £200 million is in anyway affected by you and I selling the odd 100k shares here and there.
You have not got a clue glen. I sell the odd 100k of sar and then build back up. I have 1.7m sar shares. And tomorrow or Thursday will probably buy another few hundred thousand. I trade about 5% of my holding so believe me it drops it hurts my portfolio but it is fun to trade a little bit.
Utah, we could indeed test 6p this week. But nobody (with any sense) cares about your 10% trades. It's your subtle (or, rather, not so subtle) digs at the SP that I find quite objectionable (here, and on the PYC board). Make your weekly beer money, if you will. That's fine. But many/most here couldn't care less to trade this share. Trade at your peril, but be wary. You'll likely miss the real rerate, and probably then be crying into your cheap beer! GLA.
I would say no
Anyone else think we could test 6p this week? Could be a great opportunity to buy more sar
Any implications for SAR from the story in The Sunday Times of a potential cure for breast cancer?