George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Unfortunately DC is able to attract muppets/ puppets to do his hard work. You are making him rich at shareholders expense, it will dawn on people eventually
Knco AKA Tintin200 - give your ramping a rest. We all know who you are.
Not shameless at all and i’ve given an explanation as to why!
Claiming 10p by summer on a share that last traded at 0.736p would represent an increase of over 1250%.
Pretty shameless ramp even by the standards of these boards.
Tintin200 last posted on LSE on 6th February. Knco joined LSE on 7th February.
Same rampings, same predictions. Same rubbish.
Strange isn't it?
Same ramper, different name. Just my opinion.
By this summer sp will be 10p plus, remember this post!
Exactly! They make excuses like there is no point selling at a loss and they would buy if it dropped 50% why on earth would you do that if you don’t trust dc? Makes no sense!!
Why don’t you just sell up then? (I would with so many doubts..)
And DC now has his rights to recover his loan through the sale of our assets if it goes belly up. Convertable loans come before shareholders. He can’t lose. If you trust him remember how much he was selling startart for, we paid £1m for 16% of a business turning over £32k profit!!! And he wanted £5m for the rest
Bills and running costs are not £5m! Look even with Bl alone we should make at least £3m profit based on 50 contracts, so far 23. It is extremely undervalued imo. If you want to live in the past fair enough but dc’s £100m mc target medium term is not out of reach if you stop living in the past and look at the facts.
I wonder what happened to other investors like Jason Lee, we never got told. Pinch of salt springs to mind but hopefully I will be proved wrong
My worry is that as shareholders we cover costs, bricklive pays the bills and debts and DC et al just transfer money out. We don’t get a return and are expendable. This has gone from £1 to 0.7p under David’s watch, the previous form is very poor and with sells to come and further dilution is he going to buck the trend of recent years???? We are only one more mistake from administration and they can’t even get the month right for the GM in an RNS.
I wouldn’t trust them to run my bath after kpop, never mind running another kpop event
Up to you but i think this is the bottom, once the cornerstones comes in sp will be many multiples, i sm very impressed with the amount of Bl contracts secured so far.
But bricklive profits must be less as it’s no longer in house and outsourced to all the people we sacked. I don’t think there will be any love lost there or good deals. Admin costs will be lower but we will have to outsource more. Costs will be similar I would have thought
When i said running costs it includes debt repayments but as i said most has been converted, the remaining debt is manageable. They are also looking at new models, this is all without the cornerstone and formula e. Average sponsorship for formula e is £2m plus we get 350k mang fee . Whichever way you look at it sp is undervalued
Lodo not really most of the debt has been converted, we have dc’s 20% on the £1.7m we have cut over 40 staff, i’s say inc debt staff running costs to be on aim its £1.5m per year, previously it was £3m of you look at the numbers even BL alone will see this in profit in the millions
But isn’t bricklive just going to be servicing the debt and administration costs. They need to pay wages and can’t pay in shares forever. Those paid in shares will need to sell, ranjit will almost certainly unload as will creditors. I’m worried about low liquidity and a lot of shares to be dumped. I’m not buying now but will of it goes to half the current shareprice
I took part in the placing but also buying more, don’t think it will stay at this price for long.
Don’t forget about covid … personally managed to half my average this week to 2p … hopefully it will work out well..
But that will be .... 90% it's barely
My message cut off for some reason
but that will be less than 10p per share with enlarged capital. With a loss of 90% it's barely worth selling out now, might as well see if the 'cornerstone' investor can make something back. At 0.9p this might be worth a punt, but DC droll presentation hardly inspired confidence
So much has changed since 2019 when I first invested at 57p ! ... but I think it's worth giving new(er) private investors a bit of context. Back then there were approx 60m shares in issue and the mkt cap was around £30m. Bricklive was in a significant growth period, with 60+ annual shows / exhibits. I saw a potential for £2-3m net profit, a p/e of 10 and double digit growth.
How wrong this all proved. DC embarked on a series of frivolous side ventures and the rest is history. Could this return to a £30m MC company ... well hopefully yes - but that will be 90% it's barely worth cutting losses