George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Website spamming again prob cos of this, awkward line of reasoning he tries to bury it with his spam
Fact is the company have a idea a good one but not unique.
They have 1st mover but are blowing it.
There costs are out of control how has Draper and Fran more then doubled there salaries is beyond disgusting
There own broker not seeing profit here till at least 2024
They need funds which was said in, the annual report
They sought approval for a fundraise at the AGM
The market is brutal raising money ain't gon be easy
The chart is pointing at 1.6p which would still attach a high premium to this loss making business
I really wonder if the placing will be successful, especially after all the broken promises of the past. I don't doubt for a second that the share price will drop to 1.6p, it seems so very obvious that it will. Just as its been so very obvious these were going to drop from 20p to 2p. Charts are total nonsense for the future of a share though Mr Baran.
Prophet Baran has already told ppl to wait for this to rise above 21ema WITH CONVICTION. Before a reversal is on. That means huge volume and price way way way above it or a breakout which is sustained above the 21ema for 3 days minimum. That has. Not. Happened. It is sad, to see they get all giddy over a couple of blue days an are sure bids is off to the moon. Its there hearts not there heads thinking. Then they come here and attack me for what having a different opinion?
Fact is the company have a idea a good one but not unique.
They have 1st mover but are blowing it.
There costs are out of control how has Draper and Fran more then doubled there salaries is beyond disgusting
There own broker not seeing profit here till at least 2024
They need funds which was said in, the annual report
They sought approval for a fundraise at the AGM
The market is brutal raising money ain't gon be easy
The chart is pointing at 1.6p which would still attach a high premium to this loss making business
Mr Baran has been HUGELY more accurate than your utterly ridiculous predictions Bottmzup. The 1's are coming and so is yet another charity fund raising event. It's that simple.
AB, you `predicted` a drop to 1.6p when the sp dribbled down to 2.2pish.....just before the sp went up to 3.1p!!!
For someone to claim `I have been right so far` in clear black and white for all to read suggests you are a bit of a Walter Mitty with a character defect!
When are we expecting the next announcement?
Seems gapping down on open 3 days in a row so who is selling such a wonderful proposition? When the train is leaving the station they are fools surely or are ppl wizing up to the fact H1 results are due out and won't be good. That the company are getting ever closer to the annual charity fundraise or the fact even in the best case there's no profit here to 2024?
Also if this hits 1.6p and it will will certain people stop calling me a short or troll. If I am proved right then I think a prophet better suits me as a title and I will help people make profit if they think with there heads and not there hearts and listening to ramp bs all the time. I have been right so far wouldn't bet against me bottomz
1.6p to get to today's price will give the buyer over 50% extra return from buying today. Who wouldn't want another 50% i would