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 wonder where'd we be now if pH weren't on scene no consolidation & no RF couldn't b any worse than we r now I expect we'd have more money in bank
My thoughts exactly
Well a day closer to some news, doesn't look like it will be today anyway. I wonder if the carnage will continue, it can't get much lower surely?
Find it extraordinary that there's no possibility of finding £300k from even a PB at 10p that, presumably, most existing holders would buy into at a stroke, pushing the sp higher and even sidelining the RF £300k or, at worse, enabling the £300k prepayment.
frankly, i'd go for £1.3million on PB at 12p, with warrants to pi's and stick it to RF completely. can't believe they didn't do as much at 50p.
what a total ballsup!
So much to ignore on this board right now but do wonder if PCS / Andy etc. have had any further musings recently or just waiting? I believe I've waited patiently though an EGM is running through my head more and more, especially given it takes time to organise and pull enough share percentage together.
And to laz, if this takes another couple yrs to come good, it doesn't impact on our day to day life m8
Best of luck Rayboy - my family are buying and I feel morally obliged to cover their positions. Hopefully it doesn’t come to that for either of us.
As I have said previously, I think we will only lose from here if Sareum goes bust. I don’t think that is likely. Gulp!
Laz as I said to him to put into sar I'll not let him lose out, I my self have been buying dips but like trying to catch a falling knife, I might buy one more lot off £500, only thing stopping me is if sar do a placing m8
That 100000 after market trade must be a buy.
Thats probably correct cobaltblue. Buys 2 to 1 today, as we all know, just saying.
RFO/RGO might have sold their book (I think that's what people call it) to someone - bet someone else has picked up whatever relationship RFO had with Sareum. Probably bought it on the cheap? Anyway once they have sold whatever shares they have the right to sell, we can move towards the placing. Can't be much longer. Someone must have been able to count the shares they had and compare that with the volume. As I've never been able to understand the original finance package, I just can't make that calculation. But If you see some large buys...maybe that will be a sign. Personally I wouldn't be adding too much too quickly - although I did make a buy today - but we must be getting closer to that zone.
I think we have all done that Rayboy. Your son would have got 1680 shares at that price so is obviously underwater. The same 1680 shares would cost far less and could make 100% from this level. I am not advising that course of action especially if funds are not available. I am not qualified to give investment advice so I just work with figures and plain old arithmetic.
I sincerely hope this comes good for him and he at least gets his money back.
Plenty of buys.
Gut feeling for a blue opening tomorrow. Grossly oversold IMO.
It still could be
Its all relative
U reel where we r laz persuaded my son to put £2k in here @ 84p I thought that was Gr8 entry
Ooooops... my bad 15.15% down.
At this rate i will have more than Dr Mitchel !
Had a busy day working so this is the first chance I have had to look at how my investment in SAR is doing. Only 14% down today so not bad relatively. I can't wait for tomorrow!
I definitely don't like the corrupt pattern here, yet another ridiculous drop based on absolutely nothing
One day maybe Rayboy - one day
Don't like patterns laz only straight lines up 👍😂
This pattern will carry on until news drops of some description. In the mean time there is clearly an after hours sell primed to justify the sp
How the hell we are these levels is beyond me. The funding was an error of huge magnitude but again we see the AIM in action. The pants have been shorted off this. How many times have I said that there is no place for shorting outside the FTSE250. UK Govt weak with the City period.
I know I’m torturing myself but I can stop myself checking for news! Something must be very imminent now. I’m expecting a double whammy of an update on 1a testing and the announcement of a new funding plan which combined will see a dramatic rebound in the share price. I’m watching this space!!
....Also news this week, good or bad it will hopefully draw a line under this poor run. We have a 4 day trading week this week and a 4 day trading week next week and the introduction of the new ISA allowances from 6th April.
Data to come from 1801 and maybe an update from 737. Not out of the choppy waters at the minute but weather forecast is for calmer seas!