George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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CB last bought at 0.73p on june 2000 after we had just bought the Kalahari licenses and 6 months later we initially sold 9 of them 6 months later to SFR when the SP spiked over 2p. CB knows he can't buy too many due to the SP spiking but to me this is a huge vote of confidence and 2p will be with us very soon
Copper deficits as far as the eye can see: https://x.com/wmiddelkoop/status/1782638704663695743
The AFP discussion mentioned, in effect, that a small open pit was manageable for AIM juniors. Plenty of information previously discussed by Cooper Lemon/Galileo on timescales, also RNS on low overburden, tonnage, cutoff grades etc, and guys on site at Luansobe today. Your money, your choice on how you interpret various sources of information. You might think those on site are potential acquirers, you might think they are contractors to mine and haul the material. You will have to work that out - either way - could result in a significant multiple from here. The other piece of information is directors buying on the market - when did that last happen ? Some will wait and only act on an RNS - good for them. Others join dots differently. It depends on risk appetite.
Thx analytical. I thought there was a deadline on the 90m?
But thanks for the patronising comment
There is also a difference if they know that a special dividend will be paid on sale or the money goes elsewhere
There is a big difference in return timescale from operating the mine to an outright sale
As do most people who bothered to do some simple calculations. That’s why some folk accumulated decent positions.
"They will when they receive the official confirmation direct to them. They are following protocol. They have had the same notice so far as we have. Nothing stopping anyone doing the same."
Ye s but what they do have is a knowledge of plans for Luansobe and the timescale/magnitude of return on investment
Further drilling required by SFR. The updates on the website give an idea of prospectivity. However the remaining GLR licenses that are 💯 owned by GLR look increasingly likely to be sold off as a package.
The thread ‘statunga open pit approved’ was written on the 18th. The Cadastre was updated a day or so later.
So, the small rise wasn't based on the license approval as i thought. The only people to know are likely already invested. The rise was from them two.....So when this news is released publicly to the AIM RNS investors, how big a rise will it bring?
I understand that. I suppose a more professional outfit would release the news to the public before lining thier pockets.....well along as we multibag from here.
They will when they receive the official confirmation direct to them. They are following protocol. They have had the same notice so far as we have. Nothing stopping anyone doing the same.
I thought they were going to announce the license approval via RNS? Seems a bit dirty to find out the license is approved, buy shares, and then release an RNS to the open market.
Maybe the message is full steam ahead on Luansobe Open pit production. Outsource. All discussed previously by the management, podcasts, and presentations. Big $$$
Any thoughts on the sand fire payment up to £90m?
We are not in a closed period. https://uk.practicallaw.thomsonreuters.com/5-626-7359
Surely these share purchases mean no deals for a significant length of time otherwise they would be in a closed period?
I agree Chris. NW Zambia is well positioned but we have yet to sink a drill hole in it. Luansobe is the initial money maker and there are several ways to develop the license and three options within it. Shinganda as an IOCG would invite a large JV like ARCM, Kamativi - it’s all happening next door! And the Kalahari retained licenses offer a potential land package sale, and longer term the SFR Kalahari licenses could offer up that large bonus - there is a potential IOCG on one of the Sandfire licenses we have an interest in. I want to see a Luansobe deal of significance that wakes up the market to the rest of our portfolio. Looking good.
The incentive to realise value from the assets is clearly huge.
Looking forward to it.
Colin has 6.83% share holding
plus i believe 25.5m options
if he exercises these he'll have approaching 9% of the company
great incentive for him to screw the very best deal from a couple of asset sales - £100m or £200m over the next year or two and the maths is quite easy
They have mentioned JV’s, interested parties on site recently. It’s in the open. Teasing us! Next set of RNS will be interesting :-)
I mean open period lol. Long day!
I was thinking the same thing, obviously a closed period now so able to purchase. But he obviously knows what's coming in the future! Luansobe could be the catalyst, together with out extra £2.1 million end of April