George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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We were trading above this price because of take over speculation.
The base price remains value of assets.
I would love for us to get good money from non core assets - just dont see it happening. How much did Solgold pay for Acapulco Mining Pty Ltd and all its exploration rights in Australia (I know it was shares) but it equated to less than 2.5 million.
If it was worth any, we would not be trading at this price.
We were trading way above this price for years, it has no correlation whatsoever on our assets.
Just look at the broker notes. The valuation place on the other tenements is a tiny proportion of their valuations.
The companies assets are its Tenements. If they are non core that would suggest they havent had much / any exploration. As such how much are they going to sell for?
Even if you go to Porvenir which has had some exploration.... if it was worth anything we would not be trading at this price.
Well explained and sounds totally logical. I like the Chilled part! LOL!
So you already know what they deem non core and how much they're worth? I'm impressed.
The non core assets are worth next to nothing.
So here's how I see the current situation. Firstly I think we can expect news soon on shoring up the balance sheet. I expect this to be the disposal of most if not all assets deemed to be non core, and with that I think it'll bring the Strategic Review process to an end.
This will not only bring a further reduction in ongoing costs, it'll secure enough funds to fully derisk Cascabel for potential suitors as well as proving up the assets they wish to hold.
On derisking Cascabel we know the next milestone is the signing of the Exploitation Agreement next quarter. We also know every milestone here on in adds more value to Cascabel, as does every tick up on the price of gold, copper and silver. How long majors wait is anyone's guess but logic says they all like the asset, and why would you wait if you know its going to get more and more expensive to purchase?
Personally I'm pretty chilled with my investment and I think once we break the 16p barrier without the first bid it'll be time to get excited. Just a matter of time before everyone's back in profit in my opinion. GLA
You're right, based on Bob's past workings with Twiggy, you'd think he would have called his buddy to discuss Ecuador especially as Twiggy's main business (which he's now back in full control of) is knee deep in Ecuador but seems to be having problems with locals due to various blocks being in the eco green zones that have been legally halted.
At end of the day... someone has to make a move first. Until then... it's just a waiting game.
Tier1 projects NEVER end up on the shelf gathering dust. They always get developed because the billions in profits are too hard to resist to the super majors and nationals.
Think how much bigger Cascabel and Solgold is compared to Wyloo's Noront deal.
Think about Twiggy's desire to help rebuild Ukraine.
https://www.president.gov.ua/en/news/volodimir-zelenskij-zustrivsya-iz-zasnovnikom-fortescue-meta-89069
Twiggy will show his hand soon - he is already in Ecuador and has recently mentioned his desire for more copper.
Twiggy has circa 20 years to overtake BHP. Without doubt this is his life ambition. He cannot stand BHP.
Citi is advising us and has advised Twiggy previously.
Bob Sangha is advising Solgold and has previously advised Wyloo.
Note: The average single-family home has approximately 200 kilograms (or 439 pounds) of copper.
As of July last year, 1.5 million homes had been destroyed or damaged in Ukraine
https://www.undp.org/eurasia/stories/breaking-barriers-building-hope-ukraine