George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Cashking............how are you calculating this? Are you working on the average historic monthly expenditure from the last accounts/RNS and extrapolating forward? IMHO I would expect the savings to filter through in stages so this months expenditure should be much less than the same month last year. It is normal to see cost cutting filter through on a downward curve rather than falling off a cliff. This is due to the time it takes to exit certain positions, its not always like turning off a tap. I appreciate that there is no revenue, but without management accounts none of us really know what the true monthly cash reduction is. I trust Reynolds.........have made money with him before..........and as he signed off on the accounts I trust that he has tight rein on the cash and that the figure is higher than you suggest.
Around cash level really? Id say the mcap at present is around £800,000 to £900,000 above cash level. you wouldnt be trying to deliberately mislead would you?
Frustarting but we are around cash level so down side is limited. Hoping we will see news this month but will have to see. W1LLM if you want a short term fairly safe punt MXO is your boy. Im looking for at least 100% there on news due and then LGO looks like the news is about to come rolling in end of month into May so probably into there with MXO profit. Then Ill put more in here but I've a fair lump already in.
Took 1 mill 0.065. Max I could get
Tried to add and quoted 0.076. What a joke. Opti had more good news. Come on adam get on NEW
Wibble - I'm with you on this....I could take money out and roll the dice else where however in 6 months time I know this share will have done well for me and so its a question of short term waiting for long term gains. This period is quite a welcomed break from the stress of day trading or trying your luck else where...sit back and wait for Adam and Nick to do their business and benefit from that.
Cheers for that, yes well worth a watch to understand how he does it. Hoping to catch him for a quick chat at the UKIS later this month. AR is speaking about investing in shells at the show this year again. I hope he gives us some info on NEW. Would be even better to have a juicy RNS prior to the Investor Show.
https://www.youtube.com/watch?v=5jKUuPFw3Gw to save anyone looking
W1LLM many thanks for posting the youtube below. I thought it deserved another airing! I just watched it again and yes anyone that is experiencing doubts about Reynolds or is bored waiting for something to happen should take a look. I will admit that I thought about jumping ship short term to follow the herd into one or two of the recent big short lived risers. However, I’m a rubbish day trader and every time I try, I remind myself how cr*p I am at it. So when I’m sure I’m on to a good thing I tend to just sticking with it. I'm 100% convinced those with patience will be amply rewarded with this one. So here I sit with a nice mug of Horlicks doing what I do best............playing the waiting game.....GLA
My 9 million this morning now into my ISA now Adam can sort out the old directors for us and we can move this share onwards and upwards
Dream away goooba........I know I am..........If you don't have a dream, how you gonna have a dream come true
Come on let me dream Ive been waiting a while now for Adam to pull his finger out :-)
I think its more to do with first day of new isa and people taking their positions at low sp knowing what is coming with Adam and Nick :-) don't think anything leaky.
Nice buys going through
leaky leaky maybe!
plus 2.5m shares buy (although showing as sell but one b4 that for 5m shares sp was lower so am sure is a buy). Is Nick Lee /PRS topping more in as PRS sold over 6m shares in MTR yesterday after making more 6x their earlier investment.
Noce to see! Back in the blue. Opti is flying.
Nope that was the very first RNS holding. Since then its open to all holders. If your a holder email them to get involved if you want. Interesting times ahead!
I agree yoshie... Adam Reynolds will be specifically talking about shell companies on the 30th April at the UKIS. NEW and FRI will be hot on the list imo. The NWOG group is building strength should it be required again. I expect news to be sooner rather than later here..
I thought they wasn't accepting anybody new to the group?
Recent tweets from Ben Turney; keep the faith all invested here IMO; #PRS gone below 3% at #MTR for 6 times the money. Nick Lee knows what he is doing! All I can say is New World Oil & Gas #NEW When asked when news flow is expected he said; @Watermelon_Pir If you're a shareholder join #**********. Send us an email to ************************
I re-interate my previous post that there's hints between the lines of the last RNS. GLA and not long now it seems. UK Investor Show is on 30 April and AR will also be talking and am sure he'll talk on this otherwise there'll be many questions.
Results out in March when they have typically been out in June for a number of years. Is this the final tidy up before news comes out on Adams new way forward.
All over the place in respect of price, spread and sentiment. The rollercoaster continues...........must be something going on behind the scene!
Funny how it's 0.062 to buy...