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.
When do they elapse, permitting anyone to conduct the simple process of extracting and marketing a natural compound from our environment.
Interesting company nevertheless! At least the flaming stuff appears to work.
All I can say is that I had many a long chat with a bloke who worked in amongst them, though I've lots contact with him these days. They regards PI's as total mugs to be milked of their hard earned, and can and will do lots of moves, basically justified by their "making a market" role. Believe what you want, it's a free country, though that is certainly arguable this year. But please don't delude yourself that all "trades" are open and free, you only have to read the constant moans about sells being buys, a vicey versey, that you can read on these boards most days. What are they? Whatever you want them to be usually, the fog of the battlefield.
there = their ffs !
Alf
What on earth is a "genuine holder", how do you measure it and why is it only there sells which count ? As far as i'm concerned the terms "genuine holder" and "long termers" are labels used by PIs to make themselves feel better about the fact that we're trying to get make money by doing nothing very much.
People buy and sell all the time, some buy for the long term, others are looking for a return in days rather than months. I don't doubt there'll be a lot of shares held by people who've had them for years, but equally there'll be others who've sold in the last few months who have turned a profit in the last few months and banked it.
If you think the MM's are making up 311 million shares bought or sold this year as part of some conspiracy by someone to get the company on the cheap, then, though that is a remote possibility, it's more likely that you're 'kin mad !!
Anyway, so basically the market is crooked and all the numbers are made up, and some people here think Stuart Lucas is manipulating the market to build up his holding. If true, it'll make a great TV programme, but I ain't holding my breath :)
BB
Causally insult Pot/Ketle/Black xx
Bern, your ability to casually insult your fellow posters is second to none.
If you think that the daily volumes are all genuine I'm lost for words. You know as well as the rest of us that MM's have pretty much free reign to do as they will with movements and place the Bid/Ask anywhere they like. If you feel that there were genuine holders who let go of 20million shares, I can't say I agree with you. There could have been enough chancers who bought in to the last rise I'll grant you. the vast majority of shares are held by long termers IMHO
No doubt we will have to wait until the last possible moment as there will probably very little in the way of good news IMO. It will be interesting to see how much Ford attributes any slow down to Covid-19 as he hasn't deemed it necessary to mention it so far.
Alf
Re "who freed up all those shares for Mr L to buy? Or did MM's sell shares they didn't have, and then got active on the boards to try to drive down the sp ?"
Well, according to https://www.londonstockexchange.com/stock/PXS/provexis-plc/trade-recap just under 140 million shares were traded in June and July. On the assumption that pretty much half that volume were sales, that gives 70 million.
Lucas bought just over 20 million shares between the end of May and early August, which still leaves 50 million to spare, so, as conspiracy theories go, you're on a par with Wellsite !
Anyway, we'll see how the company was doing in the last FY sometime in the next 53 days ...
BB
Begs the question, who freed up all those shares for Mr L to buy? Or did MM's sell shares they didn't have, and then got active on the boards to try to drive down the sp ?
Rhetorical question, I think I know the answer.
I also added a few.
Aha! So there is someone left alive in pxs hq
SIte updated https://www.provexis.org/shareholder-information/major-shareholders/
wellsite, as i said on Monday.
"Starting to sound really desperate there zeusvalhallah. You opened a short?"
Of course there could be other reasons why he is desperate for the share price to go down.
sphinxy
all will be revealed within 55days.........
W$
WS all a bit clandestine , could be they didn’t want sp to rise today , imo there could be some news on Monday .
BB
It’s anyone’s guess..........
RNS after hours on a Friday, what’s all that about ?
55
W$
Wellsite
Re a" seat on the board "- it's a possibility, he's a NED, or has been in the past at Daniel Stewart.
Re "he probably had a bit of help........" -Wow ! It almost sounds iike you're implying he's had people trying to drive the price down for him ? Nothing wrong with a bit of paranoia like, but that does sound a bit far fetched.
BB
A seat on the board ?
Well there is good chance he may buy us out ,because he has increased his stake quite a bit giving him a bigger stake in voting rights ,the saying is the company is ripe for picking
Buffet fook a major stake in Tesco,didn't go well
Naz
he probably had a bit of help........
Does this indicate we won’t see any more dilution ?
W$
Who knows, but I doubt Lucas will be making an offer for the company....doesn’t seem a fit for him, an investor yes, but currently I don’t see it any more then that
Requirement for a mandatory offer: Where a bidder is interested in shares carrying 30% or more of the target’s voting share rights, the bidder must make a mandatory offer in cash at no less than the highest price paid during the preceding 12 months (often referred to as a "Rule 9 offer"). Mandatory offers can only be conditional on the bidder receiving acceptances that, together with any shares already held or acquired during the offer, would give the bidder and its concert parties more than 50% of the voting rights. As such, bidders cannot rely on other conditions to protect themselves.“
What ever going on ,he's got the shares much cheaper than a month ago
Just got a notification, now owns over 9%!!!
That’s not much shy of 200million shares now
Buffet, be greedy when others are fearful
RNS released after 5pm last night so missed it.
He has 9% now and you have to wonder what his target is.