George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Yes Sooz, it could have been even worse than the nine years it took, had the Greens been in. I don’t know whether to laugh or cry though, because obviously nine years of damage to our progress has been more than enough.
Thanks Maddog. This is my thirteenth year here, so I’ve been patient, but the sp isn’t performing well at all, with a mining concession in hand, so I’m not too pleased now. I like Kurt, but he’s still got much to prove in terms of managing this correctly and improving our situation, especially so we don’t have to beg for funding over a barrel again next time. An obvious concern.
Looking forward to progress on the ground this year, lots planned, but we need to have that hard endeavour and progress translated into the sp rising and sustaining itself at a higher level. Before the sp rise into the concession being awarded, we were consistently in the 5-7p zone, so that needs to be the minimum we should be aiming at again, in my opinion, for when the next funding is required. Achievable via progress and polished news delivery.
Have to see.
We'll see in 18- months time, when following a a loan (Approximately 12-months), shareholders are subject to another round of fundraising. Because, like it or not, that's the pattern under Budge.
And to date, what suggests Budge can deliver any shareholder value given his previous performance?
Just as he did a deal with his mates at Vardar (I suggest a little research), it's not in his interests for the SP to rise. It wil be sold for a song, Budge will be rewarded with a plum job within the new ownership structure; and existing shareholders will be nursing losses at best.
And if a third party were to enter into JV, does anyone think that they'll put up £100s millions for a small percentage of the company?
A few are clearly suffering from Stockholm syndrome if you think 6-9p represents progress. Indoctrinated...
How's that for realism?
Something I think we've forgotten is that we got the Concession probably a year before we would have done if the Green Party hadn't fallen out with the Social Democrats, we might be still waiting. But they're both out now for the foreseeable future we hope.
l tinks realism is not what punters want to hear.
With the Sami Appeal pending this is a gamble...anyone who took profit at the Award can afford to wait a bit. And we know how fast it can move.
LOL. Ok, 20-30p then fine.....
Eric don't worry the fact is most mining companies s/p rises on approval to mine then it falls back quite a lot when the investor see that they have nothing to mine straight away until every think is approved and that it takes 2 or3 years to get them plus finance, we all will be o.k with time in the end , but at the same time l am not happy with the way the company has conducted it self at all.
Wow... 6-9p this year?
Was it not higher than that pre-issuance of the exploitation licence?
It's the duty of the CEO to deliver shareholder value. To date Budge has failed.
6-9p? Speechless...
It's crazy to say we would be looking forward to rises potentially up 6-9p this year (could be more, could be less) it may not seem much historically but buying in at the 2s and hitting those figures is substantial. However, why not, if Kurt can get that permit applied for, pfs well underway, positive PFS from the anode plant and any potential partner tie ins. Perfectly feasible this year.. :)
Hi Maddog. Thanks for your reply, much appreciated. Fair points, the problem we’ve had is the RNS news not translating into sp increases. We’ve examined why, so I’m trusting Kurt will work on it, because we need a better performance in that area.
Only my view.
my thinking is our man has 6 months to pull some strings out of the hat because that is what he needs to do to be on course for mining in 2026 , so the more things he gets put in place the higher the s/p will rise,
he needs to get all the small stuff out of the way before he can start looking for a partner or partners and investment .
l do not think he will build the mine with out partners but what l do think will happen at the end of the day is that he will take a long sum plus shares with a tariff per ton ,
that's my thoughts and that is why l think we could see spikes between 6&9p over that period that is if Kurt does his job to schedule", eric what we need to no is that we have a plane with partners before we start to see a real increase in the s/p.
G/L
Hi Roller. No, but it possibly was broken down. We’ve had many odd little trades of late as well. Bizarre to behold.
Looking forward to the PFS.
Haven't seen evidence of the million shares buy, good luck all.
Mornin’ all.
Hi Maddog. That would be great, but why do you expect a substantial increase and what do you mean by substantial?
Then again, 3p a share is substantial from here... lol. I'm confident though.
Three ;)
Maddog...that's at least two of us then. :-)
suzy/ l am expecting a substantial increase in the s/p later in the year .
there is another follow up to the first book by lbjj called put me to sleep volume 2
Alan, Let's have a song...I feel like pushing the boundaries this afternoon:
https://www.google.com/search?gs_ssp=eJzj4tVP1zc0TEmriK8wTEk2YPQSS80pyyxWSElNLVDIzFPIrVTISE0sKgEA95EM8w&q=elvis+deep+in+my+heart&oq=&aqs=chrome.0.46i39i362j35i39i362l2j46i39i199i362i465j35i39i362l4.134351j0j7&sourceid=chrome&ie=UTF-8
Hello Alan....Never mind, a bit of a punch up occasionally is part of life's rich pattern and freedom of speech is a precious liberty, etc. ...our own little feelings don't matter that much. It's going to be good on here this year...lots of fun. See you!
hello Suzy hope you are well,I’ve taken another bashing from the trolls on here one isn’t even a shareholder it seems to me whatever I post won’t be believed so I’m not bothering any more , I have a very busy life and am very happy ,good luck to you,
Having just read that...I'm asking myself why do I read it, it's absolutely terrible...it makes you want to shout stop the world I want to get off! It's just that we need too know what's happened in the past so we can decide where to go next.