George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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The same pages show this, this pre-dates the placing.
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Financial Position Analysis
Short Term Liabilities: TOU's short term assets (A$3.2M) exceed its short term liabilities (A$329.3K).
Long Term Liabilities: TOU's short term assets (A$3.2M) exceed its long term liabilities (A$481.4K).
Debt to Equity History and Analysis
Debt Level: TOU is debt free.
Reducing Debt: TOU has not had any debt for past 5 years.
=================================================
CEO Compensation Analysis
(Thumbs up)
Compensation vs Market: Tony's total compensation ($USD331.36K) is about average for companies of similar size in the Australian market ($USD263.42K).
(Thumbs down)
Compensation vs Earnings: Tony's compensation has increased whilst the company is unprofitable.
(My 5p worth)
Pay cut during 2020 has been ignored - probably much less than the average when taken into account!
Leadership Team
Name Position Tenure Compensation Ownership
Anthony Gilby
CEO, MD & Director 8.33yrs AU$476.20k 4.53% A$877.7k
Colm Cloonan
Finance Director & Director 4.42yrs AU$372.42k 0.26% A$50.8k
Gabaake Gabaake
Executive Director 5.33yrs AU$237.44k 0.073% A$14.2k
Solomon Rowland
Company Secretary 4.92yrs AU$243.15k 0.056% A$10.7k
Experienced Management: TOU's management team is seasoned and experienced (5.1 years average tenure).
===================
https://simplywall.st/stocks/au/energy/asx-tou/tlou-energy-shares
is the source.
Financial Times
Equities
Tlou Energy Ltd
55L:DEU
Price (EUR)0.017
Today's Change UP 0.001 / 6.25%
Shares traded 0.00
1 Year change -72.90%
Tlou Energy Ltd
55L:FRA
Price (EUR)0.0172
Today's Change 0.001 / 7.50%
Shares traded 0.00
1 Year change-72.24%
FRA - Frankfurt not France SP rises of 6.25% and 7.5% looked good until you evaluate the Euro price in pence!
Cannot find either market on IG or I might have added EUR to my list of currencies.
The spread is enormous on FRA but someone got a crazy price on March 26th it seems? Less than 1p by a good bit, but it doesn't say how many shares.
As of last trade, Tlou Energy Ltd (55L:FRA) traded at 0.0172, 178.32% above the 52 week low of 0.0062 set on Mar 26, 2020.
Current spread...
Bid 0.0172 (1.54p)
Offer 0.0382 (3.47p)
MM will get a hard on from 3.47p , but it is as meaningless as 2.5p imho unless money changes hands.
4.40c on ASX is the equivalent of 2.424p on AIM - (GBP AUD at 1.8150).
No activity overnight on ASX, however they spent their session with a bid for 300,000 shares at 4.40c, which is 10% above their open offer price of 4.00c.
Aye, but 2.20 and 2.50 are pie in the sky figures - no trades at either price!
It is daft.
(2.20 + 2.50)/2 = mid market and mystery solved
You're nowhere near first interview, Brad.
MM, must admit that the two trades today , buys at 2.39 and 2.49 in order , mysteriously produced a closing price of 2.35p ?
Surely it must be 2.44p or 2.49p? I cannot explain it, can your team?
When I was working in finance the guys around me were retiring on huge pensions in their 30's - if you survived 25 years+ it shows you were not not much good. 25 years plus and you still don't understand foreign exchange as borne out by some of your glaring errors before Xmas. I guess they created 360S accounts to make it easier for you.
Thanks Brad - if only my team had had you on it - when we were structuring deals in the City for 25 years+
It is fairly straight-forward MM , the 2.2p was a false price brought about by the rights issue. The price nearly always always drops to that for obvious reasons. If the previous price was higher, selling and re-buying at the lower price is logical.
In the UK, the close date for getting funded has passed so as usual the sp will rise towards the original price or even higher!
Some guys will not have had enough cleared funds to get what they expected (I have tried to warn people about that on here) and will be offered far less than the 1/6th they expected or maybe even none!
If they have the cash available in thier banks for the expected number (most will) they'll be trying to get as many as they can before the price rises too high.
This is phase 1!
Phase 2 will involve those who get refunds for fewer excess shares than they paid for!
It was all there in the coffee grains - I don't drink tea!
Phase 3 will be when the the price rises above 8c (4.4p or thereabouts) and we try to grab our options.
I guess there may be an excess offer then if people decline in writing, but it is a little unclear!
More likely the excess will only be available after the 2 year period lapses? Tricky one!
Accounts paying 2.49p+, or over 13% above our rights issue price.
Very interesting