George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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This company has never been valued at 80,000,000 x £8!
90p is however very realistic in 2024, and if 2024 is a good year then this will no longer be a penny stock!
I like your enthusiasm Ilovesushi but lets keep things realistic and rational. Your £8 is on a par with Robbie Williams buying Port Vale...
Really excellent day and finally the pay off for those of us that bought in the 20s earlier this year with what seemed like an unjust disconnect.
I think there's room to kick on another 50% over the coming weeks.
Licence renewal or extension lifts all past concerns. All upside now. Next stop 60 pence then on to a fair price of 90 pence. Lets not forget this used to be £8.00 so cheap at 90 pence. STRONG BUY BUY BUY BUY
Sliced at 50p the 20/4/22 first top up below.
Set a little higher then the first thought at 9.30am, before heading out.
Executed 11am fell back few times to 48.7p but closing a higher then 50p up 30% on the day.
Interesting couple of days....
I continue to be perplexed by market reactions. The first RNS I did not think bad yet the share price dropped. Today's RNS was expected albeit not guaranteed but the sp rose 30%.
My personal view is that a fair price for SRB is back up at 100p not 50p. With more bad geo political news we might hit 100p this year.
Close over 50, 60s tomorrow ;)
Apologies for pickiness Ilove, but isn't it actually a 20-month high?
Sterl, well done on your top up: on Monday I trust? (No fash, no one can hit it right 100%)
Not currently invested here.
I had a little top up 2001, fingers crossed
Rising higher now. New 2 year high.
£8.00 10 years ago
No need to ramp this ilovesushi. Fundamentals will do that. ATB
With the possibility of news tomorrow (7 days will be up), I think we'll get a rally this afternoon. If you're interested in HE1 then you won't want to be out overnight.
If the news is good (which I expect) then the sp is anyone's guess!
60 pence is coming. Then up from there. No licence worries now.
It is going to 60 pence. Pause then go up to the price it was 3 years ago. 90 pence. More upside. STRONG BUY. Good luck guys.
100% upside. STRONG BUY
This was always a worry. Now these concerns are lifted there is nothing stopping this to rise up to 90 pence. Super good news. Strong buy. Great time to be in gold with Red Sea Issues. Good luck all.
Ditto Lol Boubou and a very similar amount. Cańt see anything good happening with our former company where I was way overloaded. Always liked Serabi mind.
Up 15% with 4.5% spread on today's RNS 45p ( 49p 28 days ago )
My top ups April & May 2022 just about even .
The buys in March and April 2021 still well down .
That performance seems fairly good for AIM over last two years .
It is a gambling index in hindsight the attempted buy for 26.25p in April last year which looked a lucky miss when 21.5p in August 2023 , now looks like it was a chance to double the bet .
The license limits the amount of ore than can be transported away, not the amount that can be mined. With an ore sorter the amount of gold in that ore dramatically increases. It also massively reduces trucking costs per Oz of gold, increasing profit margins.
Strong buying,and no wonder. That news takes away any doubt about what this company is about to achieve.115p only 3 years ago,and things look so much better than then.
This RNS is much more than just a 3 year renewal of the existing trial mining license……major news is that it allows for the deployment of crusher / ore sorting facilities at Coringa.
This will allow them to significantly enhance the gold grade in the ore before they truck it up to the Palito processing plant.
Referring to their previous ore sorter testing results per 22nd June 2022 RNS where they achieved circa 20 gram/Ton.
https://www.lse.co.uk/rns/coringa-development-update-d5fho6ohq936ui1.html
So if they are allowed to transport 50,000 Tons per year and they have got the grade up at circa 20 g/T before the transportation then the contained gold will be: 50,000 x 20 / 31 = 32,258 ounces.
Allowing for a 80% recovery rate during the ore processing at the Palito Plant then you are looking at circa 25,000 ounces per year generated from Coringa Ore.
WOW !!!
Hi, had 1m shares, sold 500k to derisk and used them to buy here. Final 500k at Shanta will be used to vote against that abomination of a deal. But I had to derisk.
Hi boubou are you still in Shanta?
Great news. Should shut a certain person up now! ATB
Market Reaction?
Hopefully back into the 50s but WTFDIK!