George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Todays RNS was a great read and hopefully we’ll get some price moving news soon.
With regards to Lanstead I think my post yesterday was too rambling to make my point - ORR told us that Lanstead’s interests are aligned with theirs, and ours. I’ve recently spent quite a bit of time looking at this and as far as I can make out that is true and there isn’t an incentive for them to suppress the share price. The agreement is stacked in their favour and the higher the share price the more money they can make, even after making the associated higher monthly payment to ORR. They always have to keep enough shares to cover future monthly payments, so can't get too far ahead of themselves with selling down their holding. Of course they are a large net seller which is a drag, especially if they sell when buying volume is low, but I’m now fairly sure they’re not deliberately holding the share price back. Can’t explain the recent share price movement though but I suspects its just general market malaise, lack of substantial news and MMs doing what MMs do etc. Just my view and Lanstead could indeed be the villain.
100% Hawaii
Landstead v SH is a war of attrition, but we’ll get there folks. Every share sold is one less they hold! We’ve all held the line and no way i’ll be selling out now!
My heart goes out to all those SH’s who have suffered in other stocks. It is a total bloodbath out there and sadly it’ll continue.
This blood letting will leave only the strongest stocks standing, and with ORR fully financed up and news outstanding on multiple fronts that have the potential to be revenue generating news. I’m very content with my money in this share.
100% agree Hawaii. in over 10 years of losing money, right now is the pits...there's so much fear out there, even CEO's have no scruples, they were bad, but now they are sailing close to fraud...lies and lies in RNS. ORR is a safe haven...they actually care about us. Have to laugh I began this year expecting great things from CIZ, TM1, OBD, QBT, ALGW, ENET...oh boy and it's only March,
The two 6m trades were rollovers almost certainly, there was a nice 7.5m buy at .27p earlier however and a number of decent buy prints around the same time.
I remain convinced Lanstead are working their socks off to quell demand, trying and hold the SP around the benchmark .25p level. My view remains they have dumped far more shares than they would usually do at this stage of the arrangement, failure to declare their position should tell you all you need to know.
In respect of the AIM market I have never seen such negativity, companies delisting, placings at penal discounts, directors complaining about the market failing to reward successes, retail investors in droves saying they will never invest on AIM again, even seasoned investors are getting tired of the shenanigans.
I think ORR is in a good place, at some point heavy volume will return and Lanstead will have run out of ammunition to contain the rise.
I think it is because they were delayed being reported and so they always put them Black. But the price clearly shows they were buys, well as clear as anything ever is here!
Why are the two 6,000,000 trades "unknown"?
Black trades don't count with this share. Lol
Two delayed buys for 6M each just showed up. Maybe that is why the price action has been strange again.
Hopefully now it is let go and we see a rise in the SP.
Nothing but positive news and still drops.
One of the ways to look at this is in the bullish statement from the Chair. Sure it’s her job to be bullish, just like any of the senior roles. However, last April she invested almost 200K of her own money. Some could argue “well she’s probably wealthy so she can afford it” or similar rhetoric. However….
1. Wealthy people are generally wealthy because they don’t or don’t like losing their OWN money.
2. Her occupation by trade is accountant, accountants are generally cautious people with money
3. She moved the acquisition into her SIPP, which suggests this wasn’t a frivolous action, tax efficient possibly yes.
4. Her DOB is listed as 1957 (source companies house) which makes her close to retirement age, which would suggest she would be seeking a return on that investment in the not too distant future!
Sorry Eileen if you read this, not trying to be ageist with the last point!
Sure this is a gamble but the stocks that really do well are those that are often unloved by the market and are picked up by the brave when the market gives them a kicking. I tend to agree with the sentiment that this should have a market cap way higher than it currently is.
Why would BCM choose to invest in a dud when they have so much experience in this sector, is it because they just like wasting their money too? Obviously we will need some results from the drilling for others to see before the penny finally drops. Let’s hope we get some cracking results.
I flew over Cameroon on Tuesday night on my way down to Capetown and raised a few G&Ts as the plane passed over. When we get to 1p I’m definitely thinking of a field trip out to one of those licences!!!
It was never going to be quick but hopefully it will be here soon.
High risk, high reward. No one said this would be a walk in the park.
Take from the RNS.
CLP/Mbe, "Mineralisation was returned from a range of host rocks including variable brecciated shear and extensional quartz veins and altered wall rock. The highest grade returned from a wall rock sample was 5.94 g/t Au over 0.90m (within MBTR05 2.10m @ 3.69 g/t Au) suggesting the potential for near-surface bulk-mineable mineralisation."
‘Which brings me finally to our shareholders who, I suspect, are battered and bruised but hopefully now a little more optimistic of a brighter future’.
YUP!
All good, ducks lining up, £100m mcap on its way
Hard not to be excited by Eileen's words. So much positive and the worst now behind us.