George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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In summary a company can't simply choose when it discloses or to save news up for one big RNS as there are regulatory obligations to disclose information to the market.
RNS requirements:
RNS is both a regulatory and financial communications channel.
Companies need to fulfil domestic and international regulatory obligations, communicate with shareholders, analysts and institutional investors, at the same time explaining your company news to the market.
RNS helps companies and their intermediaries fulfil their UK and other global regulatory disclosure obligations in the most efficient way possible.
I rest my case MR Wos.
Lol
But keep doing what you do. You make me money mate
Should read LIAR
Mr Professional - EXPOSED AS A LOAR AGAIN!!
*people can look at his points made & reference document themself
Still waiting for your Ban with all the I duvidual posters IP addresses you claim to have 🙄
Goodbye!
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Wos simple question..even for you
Do they need to rns material information? Ie information that would influence SP?
Yes or No?
Mr Wigster - "Desperation"?
Mr Professional - Print out 'facts' you take from Annual report and reference to what you claim in your post - should be SIMPLE!
Mr Aesychlus - why would there be news on production, DQE if physical document does NOT need to be RNSd? This will all come in single OPETATIONAL UPDATE we are going expecting.
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Wos i am not here to do your work...
Others if interested can read annual report themselves and do own Research...but as a ramper trader you do not need nor do research...we know carry on
That is not much Wos....1 car filled per person..
Pfff. And wouldnt be first time they paid up before getting something in return...
Perspective and balance Wos.... try to improve matey
WOS if signed, there would be news on production progress. Eg DQE, updates on using Petrochina facilities etc
"Why would they give out 132 Tonnes of Fuel?"
Desperation?
Mr Professional
Very simple - print it out!
Or have you been caught Lying AGAIN!
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Why would they give out 132 Tonnes of Fuel? I believe signature is done but does NOT need to be RNS because AGREEMENT already RNSd.
Others can disagree.
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Wos unable to find it ? ;)
But lets just wait for MB. What happens normally when hé speaks? ;)
Cyber, again I ask: if it's all been approved, why do we need to wait for the signature to start producing oil?
"Now we see he also doesnot read"
Maybe you can read it out for us sir?
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Just for fun...guessing fundraise price...i go for 2.5
Jimithebrish keep on spinning negatives up to you, simple RNS in English if you can't read and understand maybe go to some one and ask then to read it and explain it to you,
All approved for operations as it says, land use agreement to sign, yes USE to sign, what may this entail?? Well could be stuff like don't do this or don't do that and abide by the law of the land and not for other use like building your own ship or home on it , yes simple contract on rules to obide by
If that's too hard for you to understand then god help people like you with money invested in aim you just going to lose and let me guess you too have been in here for years lol says alot
Mr Wos admitted to never speak to management or analist.
Now we see he also doesnot read annual report ;) wow.
And Wos...6 mln only on XX not V simple..
Try to read
Thanks for your reply WOS.
My interpretation is that Petro Matad is HOPEFUL that the Provincial authorities, who are holding up the Special Purpose Certification of the Exploitation Area (what you call plan B) , will not disrupt in any way the District's approval process, (what you call plan A) BUT WE REMAIN VIGILANT (i.e. they have an expectation of an attempt to disrupt "plan As" approval process).
This is why Plan A cannot be interpretation as a done deal (until/unless confirmed).
Last year there was an Operational Update the day before the AGM - could that be repeated this year ?
I personally think there will be a fundraise or loan agreement on oil assets. If it is another placing will it be at 4.5p a share or 20p a share. If there is no news before agm I will be selling half my shares to cover any placing news. Its up to everyone to make their own minds up and not listen to the tosh on here. Gla real investors.
Mr Wos try and do "research ".. read annual report
Mr Professional - post FULL text please. Does it mention Block V?
If it does you 'conveniently forget this!!
Let me see "under the terms of their PSCs on Blocks V and XX with MRPAM"
Lol, very clear but you FORGET to mention Block V - WHY?
Same as your claim of having IP adfrese s I think!!
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No problem Mr Aeschylus -
Plan A - Local approval has cleared company for Block XX Operations
Plan B - Special Certification is held up by local governor.
We understand local governor is against Petro Matad but legal situation support Petro Matad thru Land Law which favour local Mata council.
This does not change position of local governor to Petro Matad and vompsnybis aware of this. What can he do? Nothing we know of but does not mean company is not "vigilant" to his opposition.
Remember there is also law to prosecute individual who obstruct Govt order and local governor have now been officially reported to Central Govt.
This is my understanding - of course decision to invest or not up to individual.
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