George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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All valid points hash whether they can be carried out by us minnows is a different story. However as you rightly point out jd isn’t the largest holder so there’s a very high chance of a hostile takeover. Removing him completely yes it will hurt him but not our problem really! Market starting to realise there are options C and D they just have come forward yet.
Oh and this is for the buffoons who recommended his post, you absolute 🤡s
In my opinion the board's announcement on equity raise is an "oppressive conduct" as it clearly favours a large shareholder Julian (not even majority shareholder) over other shareholders.
Why has the board not considered finding a buyer or many other options which would be fairer to minority shareholder. Why has not the board communicated with the shareholders as to what Julian's proposal was and why it was rejected ?
Why has the board not considered firing Julian who has been totally competent and continues to draw a fat salary and share options in spite of the his performance.
Could we get a lawyer to sue the board and Julian?
"The Corporations Act (Section 232) details conduct that constitutes 'oppressive conduct'. In general, minority oppression includes conduct that is: contrary to the interests of the shareholders as a whole; or. oppressive to, unfairly prejudicial to, or unfairly discriminatory against a shareholder or shareholders."
Re: Petro
He hasn’t shorted, just a very weird individual that goes on every BB that rises and writes the same thing over and over. He has been doing it for months. IGNORE his ignorance.
In other words Petro, 'I have shorted' - you never say anthing positive on any share, sounds like you are nervous
Don't be left holding the baby here. All the traders and pumpers will be selling out very soon!
Agree Kent! And a nice 100k trade showing to back you up. Small float big gains, only caveat is 10/20% moves don’t really impact the mcap. IMO this is good and means Mm don’t bay an eye lid taking it back up a bit. Yes there’s debt but this isn’t a 9mil business far from it. JD Knows that’s why he wants to take it back on the cheap. Squeeze
All the bad news has already been released. Only a fool would sell these today when news of a takeover could land over the weekend.
Risk selling out or more gains/RNs Monday
This was already priced to fail at over 10p by the market, a share price correction taking place.
This will go back to 15-20p in no time.
10p hit already! It’s a quick start out of the traps
Most traders enter and exit with profits, and if you stay too long, you'll be left holding the baby.
Option B - JD can do one.
Fill your boots with the 1p option A and sit back until reliisted.
I looked it up on yahoo finance and they state just 54m Float
Amount of oil 88e produce would not run my car for the weekend
88e boys. Its all gearing up. Recovery there today
Ripe for a takeover. Rumour of a bid and this will bag easy. IMHO.
Free float must be getting smaller with all the recent buying. 99m shares in issue and a small Mcap.
Buying pressure and this will fly past 10p today :)
Not sure, have seen it wider before but usually both sides. The bid has remained as it was at close. Again reiterates the desire to get this back up above 10p
Very interesting start! Does that suggest a big buy after hours yesterday?
Offer over 10 showing!
Yup A gives JD a potential headache where he won’t have enough shares to ease his way across the line.
The following is a statement from the proposed plan:
Further details about the Equity Raise, including the Company’s approach to determining which of Option A or Option B will be implemented if both are approved by shareholders at the General Meeting, will be included in a shareholder circular, expected to be published in May 2024 (the “Circular”).
The term 'if both are approved' suggest to me that shareholders will be free to approve one option only. Given that option B would give JD control of 75.6% of the company, almost 50% more of the company than he currently owns at a discount to the current share price, I really can not see anyone, apart from JD and his buddies, voting for that option.
I am therefore convinced - and certainly hope - that shareholders will approve option A and not option B.
Dangerous play at the moment as certainly looks like there is an appetite to take the share price back above 10 possibly up to 13-15. I would wait till nearer the time as a lot can change between then and now.
Careful evolve …. You sound like Toffers… she forgot the receipts are there forever.