George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Unfortunately I cannot recommend myself so there will be one to add when the result comes in.
Meanwhile, once again, this is the link to last Friday's presentation:
https://www.dropbox.com/s/pkn67ubzmq500pc/88e%20v6%20globe%20presentation%2029th%20nov%202019%203_1_1.wav?dl=0
Very well diagnosed pbody, thanks for your post.
Thank you for posting LeMajor , i was there but its good to here it again , It was a good night .
Absolutely agree with you Learning to invest.
Nothing has changed.
What you have just seen is profit taking from a SP rise ( not surprising since Xmas presents to buy).
Historical prices of 2 or 3p is again speculation. But I think if positive news on the drill the SP will be MUCH higher than that.
As the drill nears and people want to be IN for the possibility of 10 or 15 pence pay off on positive news the SP will rise (IMHO) and this will happen on interest. Interest in the share. Interest in the timing. Interest in the wait. AIM is notorious for rampers, derampers and spike profit takers. Personally I would buy in and hold and not be shaken from the tree on the run up to MAY when the news should be in by then.
BUY IN NOW AND HOLD is my best advice. IF you want to risk just taking 30 or 50% profit and are happy with it good for you! Timing in and out on these things is where hindsight is the only thing that WILL leave you kicking yourself.
BUY NOW AND HOLD.
5p+ before drilling is my best guess as interest (and greed) takes over before the drill and people buy in.
Your point if fair though. My REAL prediction is MUCH more profit than 50% to be made TBH, NOT how much more!
Thanks for your thoughts.
HTH, there are few infallible people on this planet. We all make judgments based on the best information available at the time. Only hindsight gives us an opportunity to criticise, if you could have made better decisions because you had better information than DW, then I will support your bid for 88e CEO, else I will ignore comments based on ignorance.
Thank you very much LeMajor. Now that IS post of the day!
Should anyone wish to refresh their memory of the meeting last Friday, try this:
https://www.dropbox.com/s/pkn67ubzmq500pc/88e%20v6%20globe%20presentation%2029th%20nov%202019%203_1_1.wav?dl=0
Oh grow some will ya ffs, not everybody’s happy with the way DW has steered this ship to date !
You can say that again Brom!
Some on here are NOT invested, will NEVER invest and yet are still intent on stirring.
gave my view at 15:02.
Reminds me of those who jumped on jumpingjack about ASX not having market makers the other morning, when all he was referring to was market manipulation and bot trades.
Its a strange old world.
Seems some are determined to keep the "angst" level on the board as high as they can.
No I wasn't there, it's why I asked if he said 50/50.
Its really not difficult to understand.
15:24 No one posts on these boards with out some reason, its up to reader to gauge what that reason may be.
De-risking what guzzler?
This is a completely different play, and you know it. I was at the Presentation, were you?
"One of the biggest drills in the World in 2020"
You either believe or you don't - why waste your time on here if you don't.
PMO funded, 3D Inversion, SEVEN stacked prospects.
15:02 Jiddy you know the game being played, SP down on reasonable and probably "50/50" buy sells, keep the bad news coming and might get in (or more) cheaper IMO. :-))
or might just annoy a few :-))
Yes , the problem with these small stocks is the MM'S tend to be the smaller players and as they want the broker mandates they have to provide a market in the shares. Also many of them have limited capital which they cannot afford to tie up in stock ( shares) so they trade from a flat position . Hence the widen spread as we come into the close of trading each day as they don't want to get hit at the last minute. Would be good to see a larger player make a market and then you could move millions around on each deal.
Jiddy, please don't play the "if you don't like the risk, sell, card".
You know full well what happened the last time he dropped the 50/50 bombshell at a presentation.
I'm just surprised he's said it again.
And you also know what has followed said presentations.
No wonder people are selling, it's called derisking.
Muscat I do not think anyone does not know the risks and DW has made that clear in all presentations as did PMO in their half year presentation when the FO and drill was announced.
Nothing has changed.
15:09 may not be our gift, although we are operator PMO have the majority working interest.
PMO putting up 23m is not alot in the over all scheme of things for them. What they need is reserves and further value even if it just left in the ground. This could well be a major company turn around for them and all those shorts could well get killed in the stampede to cover. Once again it has to flow.
I think it might help 88e's cause with investors if some scientific calculations were shared with us. The SP reaction after the 50% COS talk is bound to have put some investors off
muscat is 88E somehow unique? Seen plenty of AIM stocks fly up ( and down) , the MMs will just make the share illiquid when they no longer want to deal, they have done in the past and they will do it again in the future. IMHO
14:26 think DW stated 50/50 to me that is it will work or it wont, there is no published calculated Commercial Chance of Success as far as I know, sure Premier's board demanded a CCOS when they agreed the FO, but we are not going to see that figure it seems.
From the first announcement of Charlie-1 nothing has changed, we know the oil is there, the flow test is necessary to prove it can flow commercially.
PMO & 88E both are clear, if others do not understand that is up to them :-)
If you don't like a 50% COS, then don't invest or sell!
Have PMO stumped up $23M for a dud? Not very likely is it?
This still remains high risk and even if we find oil it has to flow. Current sp reflecting the risk as MM's don't want to take it very high to stop flow back from punters/profit takers.Remember the upside is limited as there is no depth to the market in this stock. Should we get a positive result expect to see wider spread and limited dealing sizes. Expect market will only quote for half a bar as they have no capacity to get hit in millions as investors take profits. Also any success on this well means we are probably many months away before any further action and hence upside movement on the sp will be limited.