George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Couldn’t disagree more. The recycling business will deliver exceptional revenue over the years to come starting this summer. Incredible buying opportunity in my opinion.
Over zealous?? Come now the board know full well what their doing. Twice now. These will raise cash soon. It is the reason they listed on AIM. They own 49% of a loss making recycling company how is that going to change?? What have they done to change that from negative to positive? Nothing.
They also intact are primarily a high risk junior mining company with no jorc compliant resource.
These are going to be a money pit for years.
There's being early to a stock then there's being darn right premature. Years away from delivering dhsreholder value here, years and years.
I do tend to agree that the BoD has been a bit too over zealous during interviews banding about switch-on dates of these recycling plants when they didn’t make it clear at the time the pre-requisite need for sign-off from an. external agency.
And as this is now the second deadline mth they have gone public with for opening for the first plant and in which we are now almost halfway thru, the mkt is now testing the reliability of this claim with the current price action imo
I'm not sure on this mafioso
"In addition, there is also the imminent opening of the first recycling plants which will be immediate revenue making"
Its been imminent since Feb so I think were past the point of using that word now. Due maybe. Not imminent. And as another poster says. Why will it be profitable if it wasn't before?
They are good points but getting recyclus up and running will that really be cash positive? They were loss making when I last looked so begs question what as changed and why is SP nosediving like they usually do before us mere mortals find out what is really going on behind the scenes
Fully agree, positive news around the corner with revenues starting soon from the recycling side. This correction is actually providing a top up opportunity which I was not expecting.
Exactly mafioso, they have sufficient cash and I cannot see them doing a placing to fund mining business. I would expect the sensible option to focus on recycling business and get that cash generative before you even consider worrying about exploration.
Only reason I’m less hopeful on plants becoming operational this month is that the U.K. can’t even run an airport at the moment therefore just don’t believe anything anywhere is on time!
I think our friend here is trying to explain the current price action by alluding to the fact that he believes a placing is coming to finance the US and Spain exploration projects
whilst this is a possibility, there was a recent interview conducted by Stockbox. And the COO of TM1 and he confined they had sufficient cash reserves to fulfill the exploration plans for 2022.
He also reiterated that the company was in discussion with a number of majors with view to JV and farm out the projects at the feasibility and mining stages.
In addition, there is also the imminent opening of the first recycling plants which will be immediate revenue making and cash generative from the get go and these funds can further supplement any further exploration licenses if required.
So based on this, I personally do not believe a placing is imminent or required at this stage to raise funds, but if it does come to pass then this won’t look great at all on the BOD regarding their integrity in what they have been saying in recent public interviews.
I’m still hopeful for some news news confirming the recycling plants becoming operational some time this month, but this decision is still largely out of their hands and rests with external agencies, so we will have to wait and see
Not really sure what point you are making? End of qe has smashed everything and financing very difficult for anyone that’s not blue chip. Even then their cost of debt has gone ridiculous that m&a isn’t happening as a result.
I’ll stick with this, let the company develop and if have
To inject further funds at a discount I’m prepared to do so.
Quite a few warrants got exercised at double this price so that’s injection of cash already.
It’s a tough market to be in, but have to ride it out, know why Iv invested here so will hold on.
These IPO'd so they can raise cash its simple..investors gambled that said placing would be done at way above IPO price. That is obviously not going to be the case. All those expansion plans and drilling doesn't come cheap. I am not surprised whatsoever to see the SP where it is and wouldn't surprise me if it went a lot lower. Raising money in this market is NOT easy by any stretch
Of the bat, IPO, they "through a placing of 66,666,667 New Ordinary Shares at a price of 2.25 pence per Ordinary Share"..........!
to boot in the nads is the CLN........! issue of options 'n warrants..........!
All the best (no wonder the SP is where it is........! :()
I agree with shareinvestment, the mining side I’m less interested in it’s the circular economy and recycling that matters. Do remember lot of aim stock trading volumes are utterly woeful so the moves are exaggerated down because there’s no demand to pick up on offer. When buyers come in and market turns it’ll be same, very little sellers and little on offer. So it can move quickly.
Copy and paste to reach 10 plants by year 5. The market pullback has created an incredible entry level.
Personally think that the battery recycling side of the business will generate an incredible amount of revenue going forward and the mining assets will slowly be monetised to bring cash and reduce the need of any placings. The board have a clear plan with two plants per annum and we are getting closer with kickstarting the first two. Therefore copy and paste exercise.
I recall Robin saying in one of his interviews that even if they don’t receive the sub-licenses, they will still commence with the recycling of the batteries but will be doing it by the traditional hand sawing method. Suppose if this was the case we would of had news on it by now.
Very quiet on here….
Anyone expecting these recycling plants to become operational this month?
Interviews back in May intimated plants should be operational by July and were not reliant upon obtaining ISO certifications as pre-requisite beforehand .
do we reckon this is still the case or are we still few weeks / mths away due to other factors eg obtaining sub licenses?
S Loon.
I could have written your post of today.
Wife's portfolio 90% paying dividends with a couple of small wild cards. She is down over the last month or so by about 11% but up over the year.
Mine on the other hand is down about 20% over the last month but up by 22% over the year.
But my wife gets a lot more dividends.
Everything is risky at present. My wife's portfolio is nearly all solid FTSE 350 companies paying dividends but she has lost thousands this year. My holdings are more racy however with greater reward comes greater risk. My Marcus savings account pays 1.3%. Things will eventually improve and sentiment will get better however it's the old story - only invest what you can afford to lose.
Yes recycling batteries is a no brainer but the underlying business needs to be profitable. This one isn't. What is going to change to make these profitable? Scale? What?
They seem to be a miner primarily but have a minority stake in recyclus just to draw in investors thinking its a lithium recycling play but really it is just a miner so even if any profits do eventually come from recyclus won't they just plough them into exploration???
Seems risky
I think old barren has been copying a troll on another forum.
Anyway, 8p might well be too ambitious in the short term but a decent rise from here is easily possible in the next month or two.
All Brian, I think everyone knows this is a LTH. 8p this year seems highly unlikely however look to the future. We are buying for potential, not the current situation. Personally I think the recyclus operation is a no-brainer. Recycling old batteries?? Absolutely!
Allbran is a nutter, he trolled ARB and QBT minutes before here.
A sad loner screwball , ignore the nob.
This is not getting to 8 or 10p this year seagul ffs have u heard yourself. Delays and jam see it time again on aim. These are a high risk mining company with no jorc compliant resources and a 49% stake in a loss making recycling business. They listed to raise cash and keep afloat. At IPO yall said it would be fine to raise cash cos SP would be at multiples OF IPO price but it ain't its not even close so when they raise which will be this year what then?
There years away from making monies if ever years away meaning placing after placing after placing that's the harsh truth the reality the inevitable. 8p lol