George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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I think Elizabeth Lake stepping done was going to be a given. She did a tremendous jon though of righting the ship.
Maybe it's just me but I expected more from the Allsworth Agreement and with the purchase price reset downwards as the suggestion had been that it was overvalued.
I really hope with the Minto negotiations that they drill down hard on that one for that cost a lot of shareholders a lot of money in the drop in the share price and no doubt REVB and Monto will get hit hard by the FCA to deter any similar future wrongdoing. It was essentially false accounting imvho.
Lets see how the markets digest things over the next few days.
Going back though the independant investigation and revaluation of Medichem found that Revolution were basically buying product third party products through Medichem at a marked up price to boost Medichems profits in the years prior to being acquired (at least £350k pa).. products that Revolution previously bought direct from suppliers therefore increasing the valuation. All in TA's interest. Agree this is positive for cash flow but once again feel previous directors are getting off lightly.
Looks like we have saved a lot of cashflow by pegging the repayment amount to the labs EBITDA. It is in Tom’s interests for the lab to continue to do well so he shouldn’t lack any motivation.
So no revised valuation of Medichem and now we are paying TA legal fees and giving him a future role within the business? Shocking.
Can't wait for Minto's settlement agreement and future role within the business to be announced.
Disappointed to see Elizabeth Lake go.
At least the business has some more headroom in terms of finances.
Seems that way mate
Something about to happen!!!
36.65 360,000 Buy* 131.94k
@spk
Interesting post, thanks.
I think there is something more important than that
I personally don't see how GBP 2mil. would really impact the SP. It equates to 0.006p per share.
So Feb 24
Thanks
Let them move the price up. Fine by me sure it happens with every share price. Keep rising before the news once news is out we keep going! I want that £1
Next results due three months from the last ones.
All the insiders with secret knowledge,buying shares as they know the imminent announcement of £2 million refund from departed director.. It's all a corrupt business is the stock market
Guys
When the next announcement or results due ?
Thanks
Somebody buying lots of shares we could see 40p today
What happened around 2pm to cause the suddenly upward spike?
36p I’ll take it
Maybe Boohoo is dragging this up?
Come on let’s do it 35.50 then 40p
Thanks for the link. All working again 👍
Outage:
https://www.telegraph.co.uk/business/2023/12/05/ftse-100-markets-news-live-thames-water-us-jobs/
Update, can't trade any of my shares so it's not Revb specific, notice Google prices haven't updated for an hour either 🤷
I don't know but have the same issue through Hargreaves Lansdown.