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.
“As for 400% once/if this comes back to market I highly doubt that. If I had put £2m of my money into a company on the brink of administration I would want to get my money back asap.”
Why would they want to get there money back asap. You are right they don’t put their money in this to flip 10%. They know the litigation has pushed the business almost into administration but now that’s all cleared they are getting the bargain of a century. I don’t see any reason why this shouldn’t be valued where it was pre litigation. We’ve been paying millions in legal fees every year, that’s all behind us. The business has many contracts and can now refocus and build on them. That’s what the new investors will be looking for.
Just a reminder.
CAP-XX Secures Continental Automotive as Customer
They can release a resumption of trading RNS tomorrow at
7.59. Or 10.15 or whenever tomorrow.
Until its released I'll be hoping that the Placing is plan B and they're still working on plan A.
I will be delighted if the sp rises but I've just seen far too many scams on AIM to ever trust these BODs. This one is one of the really bad lot imho and if this does come back to market AND the sp rises then I will count myself very lucky indeed.
Doesn't matter what the mcap was in the past. There has been a reset. The mcap is £3m with nearly 3 billion shares in issue. That's it. There is no rerate now unless the BOD delivers concrete news that hasn't been tampered with by the Nomad or any ii behind the recent placing.
It's AIM and it stinks but put that together with a truly awful and negligent CEO and you've a recipe for a proper disaster for share holders. If I'm wrong then I'm wrong. Wouldn't be the first time by any means but...I'm not confident.
First thing is first let's see confirmation CPX will resume trading. Can they release an RNS at 7am tomorrow stating it will resume just one hour later when the markets open? Or does it have to be longer notice than that?
The rise in sp will come...£3m mcap is ridiculously low.
How quickly depends on who, how many investors and their agenda.(placees)
Just glad I'm in now.
I assume Rog will be happy if the share price rises.
If the placees are after taking the company on the cheap they will hold their shares.
The forward sold shares will need to be bought back.
The sp will rise...the shorters will get more desperate
......so if that's their plan, that's imo is good for current shareholders.
Let's see what they have to say Rog, remember you were convinced they were never coming back.
I have deposited funds ready to buy...
But will see what tomorrow brings.
I am buying more tomorrow. I expect it to bag fairly quickly.
I agree AIM, it must have been approved by the Nomad but considering who the Nomad is I then think they probably are in on what ever the scheme is here.
As for 400% once/if this comes back to market I highly doubt that. If I had put £2m of my money into a company on the brink of administration I would want to get my money back asap. If this starts to rerate then the placee will be dumping shares galore - 1.9 BILLION of them - well before the sp gets anywhere near .5p!
If trading does resume tomorrow and is confirmed by LSE in an RNS then I can easily imagine after that massive dilution the sp will either drop or hover where it is. Some say it's curretnly priced for administration but not so if this £2m placing goes through. It resets the bar at .1p. The company will have to come up with something concrete in an RNS to prove it's worth investing in from here on in, especially considering the lack of humility from the CEO, by which I mean not a word of apology for taking the company into two legal disputes (that both failed to win) and a decline in share price of over 95% in less than six months. How can anyone trust this person going forward? Clearly his decision making is appalling and even before the company is back on its feet it has been suspended for several weeks, he's busy appointing more and more Directors who will all have to be paid out of the recent placing funds. It doesn't inspire confidence really.
I don't expect anyone here to stick around if the sp goes as high as .2p. Many will sell and count their blessings to get out with at least something. Lars is a car crash of a Director and will only lead this company into more trouble. Just a matter of time. And don't forget, we have no idea what he has promised who ever it is that has provided £1.9m for the funding. If they hold the vast majority of shares there will be nothing to stop them from buying the company for peanuts as they will hold most of the votes in any share holder approval required for such a situation. Still think we've been sold out and will end up with nothing and Lars will keep his job and salary and act as if nothing untoward has happened.
I’ve already got a good holding here but average is 0.18o, thinking of doubling up as soon as this opens. Might lose 10%, might gain 400%.
Don't think Nomad would of approved their latest Rns Rog.
? Don't think we can resume trading without an RNS prior to the whistle being blown... or am I wrong on that?
Must still be something weird going on or LSE would just clear the matter up and allow things to return to normal.
The appointment of several new Directors does of course mean the £2m raised is going to be spent pretty quickly on salaries whilst the company still has little or no income. All highly irregular.
Red dot tomorrow, after the advance sellers get their shares and deliver them.
Hmmm still no confirmation from LSE that reading will resume tomorrow. Have CPX directors jumped the gun perhaps? Will be watching for the little red dot today.
This was priced for admin, which is no longer a risk. Re rate incoming imo
Gla
You ok hun?
I do wonder if the idiots actually trade at all.
90% drop my A-R-S-E
Give a real rational reason why it would drop.
Or is it the shorts are now so buggered they need it 90% lower the get themselves out of the do do
Seems the T=W=A=T=S have returned
Beware of The Resident duplicit—s Narc Billy -( sure I spelt that incorrectly) .Known across the boards as someone whose Radio you’d have to seriously question as it told you the time it is not to be trusted period.You know the one -knows it all and loves to ra-M its opinion down your throat endlesslywhilsf belittling everybody else’s.Anyways,Aim for the skys it is.Good luck to all who held before this scourge descended.
The placing price is at 0.1p. Why would it drop a further 90%?
Don't see it jumping 400% though either. If it does then what would you do if you held those 2 BILLION new shares? Quick and easy profit me thinks. Double your money and sell them at .2p. All depends if they're in sticky hands or not.
First thing is first though it would be good to get LSE confirmation about Trading resuming on Thursday. Don't think Lars or the Nomad would have been silly enough to put that date in an RNS unless they already knew that was when it will re-open.
Drop by 90% on Thursday?
Lmao.
If one of the names on a TR1 is Elon Musk it would open 90% lower....that's what you are saying?
Finally ! Been a long wait …. Mmm lots of opinions how this will open ! Would like to believe the glass half full posts !
Gla Thursday