George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Well over 5p the preceding month though, doesn’t stop private investors in the know forward selling before announcement, just saying as well. Naive to think it doesn’t go on.
Last raise was 4.5p (at market -0% discount) with 7p warrants. Seems like a long time ago indeed 3 yrs warrants expire in May but hardly 'mates rates' when most juniors are raising now are 50-60% discount? Just saying....
Except ACP
No, mates rates is normal practice.
So nothing specific to ACP to worry about
Yes it’s a subsidiary but why send them money to invest, like I said I though I thought ACP was the investment company. Although no other investments are shown on their website. As for forward selling, any private placement with holders knowing before the market will have forward selling. Never transparent enough for me.
Odd movements today.... -12% drop and now buying coming in
Thanks Amtech. But we shareholders also own the assets of that subsidiary, no?
How about the forward sold shares you mentioned?
Who can forget the lesser spotted Jenny Lee! Does anybody here remember Jenny Lee? Remember how she said that we would mine one day in Tanzania..... Jenny, Jenny what has become of you etc
They bought 4.5 million shares in Lindian Resources Limited through Graphite Advancements Pty Ltd, I thought ACP was the investment company not its subsidiary. It’s in the last FY report on the ACP website.
Amtech?
Jenny Lee - announced with great expectation to access the Chinese market for us - never did a thing - presumably now departed, but not announced that I am aware of !
Amtech - when did this happen, re forward sold placings? Also which experts have disappeared & which subsidiaries are being used for expenses? I’ve been invested here 3yrs & i don’t recall any of this!?
One more thing though Dee, how many times have ‘ordinary shareholders’ been involved here as opposed to the ‘HNWI shareholders’ ie discounted shares (forward sold) and warrants. Mates rates apply it seems in all these types of companies.
Anyway just my take, I’ll post no more about it and see how the get on from here.
Dee it’s not the waiting game that’s been the problem, we all understand that reason. It’s been the misleading statements from the BOD, the now infamous ’imminently’ , a plethora of activity, drill rig vanishing into thin air, taking on experts for them to do nothing then leave, the list goes on. All the while the two apparent experts are taking £10k a month to look at the automated download of weather data. Who are they paying through the subsidiaries to warrant their expenses. Why invest into companies through those subsidiaries and not through the listed company. No mention of government carry on any early communications, DFS was basically a joke looking back at it now. Yet they class themselves as experts in their field , they were way out their depth. Thick skin rhinos just taking the money. Although now Blackrock isn’t far off they will have nowhere to hide, let’s see if they can live up to their own description of themselves.
Say what you like about ACP playing the waiting game, but it doesn't look like the ordinary shareholders will benefit over at BKT.
"We have several key de-risking milestones due near term and this A$10m placement should provide the
Company with sufficient cash reserves to complete loan and contract documentation ahead of FID as well as
working towards consummating a deal in the partner process in which we are aiming to sell a stake in the
project at a premium as a less dilutive pathway to cashflow."
Key phrase:
"...we are aiming to sell a stake in the project..."
Their monster Capex and infrastructure projects has made it incredibly difficult for their management.
People moaning about the lack of progress at ACP should be careful what they wish for.
We're in a solid position here as infrastructure build-out progresses.