George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Fair point, CC. The question was "More importantly, did that last RNS strike you as remotely credible, Ashton?" and the question could be interpreted in the way you have suggested. But equally, it could also be interpreted as a question of how credible it is to broaden the strategy to cover exploration into new areas such as helium, industrial gas and hydrocarbons. For example, (a) Does the company have sufficient experience to embark on this new field? (b) Where will the funds come from for pursuing this expanded strategy? and so on.
It was a broad question open to different interpretations.
I don't think that the Altruists were asking for your opinion on recent empirical evidence regarding the change of strategy, because as you say there is very little to go on.
I think the point they make is the current Management are in large part responsible for the current share price, primarily because of putting all their eggs in the Dundas basket and basically giving Disko away for as RE said " not a lot of dollars"
And this current dip into the Helium et al market is not a reflection of the viability of those markets but the inability of Management to formulate a strategy for the assets they already have ?
In the note you posted on 23 Apr 2024 at 14:43, you asked: "More importantly, did that last RNS (19 April 2024 - "Expansion of Corporate Strategy") strike you as remotely credible, Ashton?"
Sorry for not getting back to you sooner but I was hoping there would be further news on the "Expansion of Corporate Strategy" before replying. Anyway, here is my interim reply. The RNS said: "Our decision to consider opportunities in the helium, industrial gas and hydrocarbon space has come about through the identification of a number of very compelling, large-scale opportunities which the Company believes warrant further consideration. These potential opportunities align perfectly with our ultimate goal of creating significant shareholder value."
My comment: JAY says this opportunity would create significant shareholder value. I welcome that but JAY has not provided either any details of the opportunity or how it would provide significant shareholder value. I await further information from JAY before I can come to an informed view. Until then I am keeping an open mind. I am sorry, but that's the best reply I can give you at the moment. Anyway, when JAY has provided further details on the matter you should also, hopefully, be able to form an informed view - https://tinyurl.com/ye24up8j
Thoughts on how a BHP takeover would impact AA and in particular their Greenland exploration ambitions?
BHP are potentially going to close or mothball their Nickel operations in WA. Not sure they are terribly interested in finding a large Nickel deposit. Copper yes.
Talking of More Acquisitions, Rod resigned but large shareholder I think. What do you make of his parting comments?
Current director Charles Goodfellow will remain on the board with Roderick McIllree retiring effective immediately.
Rod McIllree, Executive Director of More Acquisitions plc, said:
"Today marks a significant point in the evolution of More Acquisitions. The appointment of Neil and Stanley to the Board of the Company marks an exciting step towards the execution of a reverse take-over which is expected to be value enhancing for all stakeholders. They begin their tenure on a positive note by investing in the Company at a significant premium to the market thereby confirming their faith in their stated objective of value creation. I am very confident I leave the company in good hands and look forward to continuing as a shareholder as it now moves through these next value enhancing steps."
You need to add Alien (UFO) to the list and also the amusingly named More Acquisitions.
EnuffRMbs - I found this piece amusing, it is advising of the news that RM has joined Cliff Metals and saying what a great asset he will be because of his past record. As you can see that record is truly appalling, definitely not something to be telling the world about. Would be better off brushing RM's past history under the mat.
Cliff Metals Ltd (“White Cliff” or “the Company”),is delighted to announce the appointment of Mr. Roderick McIllree (“Rod”) as Executive Chairman of the Company, effectively immediately. Over the last 20 years,Rod has both founded and held senior positions with international mining companies such as Medusa Mining (Co-O Gold mine, Philippines), Anvil Mining (Dikulushi Copper mine, Congo) Kingsrose Mining (Way Lingo Gold mine, Sumatra) as well as international exploration companies such as Greenland Minerals and Energy Ltd, Bluejay Mining Plc (Greenland), and Elemental Minerals (Africa).
The reality of course is that RM has a crap record,
Medusa - July 2023 appointed administrators.
Anvil Mining – accused in the murder of innocent members of the public at a village next to their mine
SPs for Greenland Minerals, Kingrose and Elemental Minerals all follow the same pattern as JAY's - a decline of > 95% from highs.
Total or near total share holder value destruction. Do the idiots that write these news releases not do even the minimum of research? Either that or they think some investors are so stupid as to believe everything they write.
Nice work Eric. Thats a decent number of shares and not too long…
Same game, different name.
https://wcminerals.com.au/asx-announcements/
Obviously not you Ashton. It seems that you possess neither the wit not the wherewithal to construct a valid argument in response to my posts, instead you again choose to resort to a child like response. And you have the nerve to call my posts garbage – lol.
Anyway, enough of this friendly banter - you should carry on promoting Jay and I'll carry on pointing out the negatives. We can have a strange but rewarding symbiotic relationship.
That was a 422-word garbage about Ashton and his shareholding. Who cares?
Ashton – you're contradicting yourself; Although I neither need nor seek your acceptance of how I (and others) may choose to invest you have at least agreed that 'there is nothing wrong with that approach'. However, because I, and others, are posting FACTUAL information contrary to your own opinion you refer to us as constantly bashing the company. I have written a fraction of the posts that you have yet I am 'bashing' the company – by inference then you are ramping the company. Both the bull & bear case are of equal importance and investors should heed both in equal measure. You have written constantly and repeatedly expressing a bullishly opinion of Jay on this board for 4 years+ during which time the sp has dropped from a high of around 15p – that's a drop of over 99.5%. A huge drop despite your opinion that Jay is a good investment. I do not need to post info to lower the sp, the crap company and the crap BOD do a brilliant job of that on their own. Where were my posts during the 99.5% drop that you oversaw? I have no 'cunning and devious' plan - as I've already said, I post to aid the establishment of a level playing field, nothing more nothing less.
You are apparently renowned for your nit-picking ability to research other people's posts and to establish any inaccuracies and flaws – the fact that you have yet to contradict any of the FACTS recently posted by what you have called the Altruists speaks volumes. You have no argument against the FACTS but instead choose to deflect the argument by way of childish comments about blood pressure, creating an imaginery group that you have called the Altruists and by simply refusing to answer valid and important questions that are asked of you. By contrast your own posts are nothing more than a regurgitation of Jay's bs with your own embellishments - be that the use of UPPERCASE letters to stress the odd word that enhances your opinion or the repeated use innuendo, implication and hypothetical fanciful suggestion. Everyone is responsible for their own investments but what a tragedy it would be if anyone had followed what they thought was the opinion of an expert and has also lost over 97% in the value of their holding. Perhaps more bear posts may have been beneficial, I think so – you have clearly never wavered from your belief that Jay will eventually come good, all the way down over the last 4 years.
Ashton...the day you know options for treatment of Streptococcus pneumoniae in children under 5 years or how many turbinates you have in your nose old we can discuss the role of valsartan in the control of high blood pressure. Don't paternalise other people. Actually is childish.
In any case, no one needs to justify it in terms of investment. Everyone does what they want with their money. What he discusses here is the reality of this company... and that is obvious.
On the other hand, everyone has their own profile. I am a disappointed investor. I would rather be a happy investor. I would never want to be a delusional investor. In addition to investors, there are speculators. They are part of any market and, in essence, they are the ones who jeopardize any company and its stock price. Each one put on the hat that fits him. If I can prevent people from putting money into this company thinking they are making a fortune, I will try to give a perspective of what this company is. Afterwards...everyone is their own man. But I will not be a liar or a deceiver.
If someone says that they are here only to trade the stock on spikes to make a profit, there is nothing wrong with that approach. But why would that same person keep bashing the stock to death? One cannot rule out a cunning and devious plan at play here. They want to create as much fear among shareholders, hoping they would sell, in an attempt to get the share price as low as possible to make a greater gain when the spike happens. We are all here for a reason, so beware!
Going back to the list of rudimentary lessons in investing:
Lesson No.1: Be very careful of bullish and bearish posters on chat boards.
Ashton. Another facet of your personality and strange investment tactics that I find quite weird; you appear to be saying that once you've sold a co. you are wasting your time researching it further and should forget all about it and move on. That may suit you as you might then have little or no one to counter your perpetual bullish promotion of Jay. Me, I prefer to utilise what knowledge I have acquired about a company to my advantage - I will invariably continue to monitor co.s that I already know pretty well and will ever be on the look out for any possible profitable trade. Why waste all that knowledge I have acquired? What would be a waste of time is to move on and discard that information as you would recommend I do.
I'm certain Jay will eventually expire worthless, it's a crap company run by a crap BOD. However, that doesn't mean to say there's not money to be made trading the spikes created by the ramping bs that Jay often issues and which you then regurgitate and embellish in your usual predictable style and with your predictable regularity.
Damnations Chirpy, I am trying to post more often than Ashton. Grrr
Long time shareholder, very disgruntled with those in charge, and their escapades elsewhere. I love JAY more than other shares due to the comedy value, but also a continual reminder of investing red flags - so despite losses it had value (in terms of lessons learned).
I do feel obliged to challenge the True Believers too.
Another rudimentary lesson.
4. If after doing (1), (2) and (3) you are CONVINCED that the company is a bad investment don't waste your time, move on. Why waste your energy on a lost cause or a situation that cannot be changed?
Helpful lessons for successful investing, lessons that will help to avoid both stress and loss of capital
1. Be very careful of posters who are so deluded that despite losing 97% of the value of their own investment they continue to strongly promote the company that has failed them so miserably. Read their posts, be amused by the incredible level of investor bias but pay no heed to their inane ramblings and constantly bullish posts. Remember that they have lost nearly all of the value of their investment by following their own opinion - don't make the same mistake.
2. Research the company. If it has a long history of making over optimistic statements and an equally long history of failure to achieve those objectives then tread very carefully - history has already illustrated the poor quality of the management team.
3. Check if any BOD members have had positions in any other companies and see how those companies have performed. If all of those companies also illustrate a history of under performance, over optimistic news releases and near total loss of any shareholder value then it is unlikely that the management will perform better in any other company.
These are very rudimentary lessons that all successful investors may utilise. It is always surprising just how many losers fail to follow even these simplest of measures.
Polite question please.
Ashton is viewed by some as a JAY mouthpiece, he has posted 70 times in the last month.
You say you are not invested ( or only marginally so ) so if you've posted 69 times in the same period what deductions can anybody be reasonably expected to make ?
KAT. If you can be bothered, please read.
https://oecd.ai/en/wonk/ai-act-manipulation-methods
"I considered that you were an investor. Like JAY you assume the role of a pumper transvestite as investor with wishful thinking."
"I think I prefer a transparent, high blood pressure good person (a dumb altruistic in your sense) than a sarcastic con."
Oh dear, that was some outburst! It's not good for your blood pressure. Anyway here are a few helpful lessons to ponder over:
Lesson No.1: Never blame others for one's poor investment decisions.
Lesson No.2: If one is CONVINCED that they have made a poor investment decision, the choice is there to sell up and move on. If one decides to still stay invested, stop moaning and groaning.
Lesson No.3: High blood pressure can cause serious health risks. Never get stressed over one's investment decisions. Health is more important than wealth.
Best to grow up and understand these home truths.
A. actually I considered that you were an investor. Like JAY you assume the role of a pumper transvestite as investor with wishful thinking.
As there is nobody else, you keep downplaying evidence all the time. Even when bs happen you create a new benevolent alternative for harmful actions from BOD, spread seed of doubt or possible hypothetical remote scenarios ou dig in everyone’s post to find contradictions. It seems that you are likely to be paid by BOD, you are one of them or you just play short.
I think I prefer a transparent, high blood pressure good person (a dumb altruistic in your sense) than a sarcastic con.
Thanks for that; excellent synopsis of JAY.
Condescension, denial and haughtiness create a good mix. Being dismissive adds another level of characterlessness. Some people like to feel the whip…well…
Calm down, Altruists. This is not good for your blood pressure.
IvRoche, i am sorry to cause a bit of tachycardia.
I was joking of course. Mining is a joke in Disko pubs.