George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Kudos DL.. 🫡.
exactly what I was saying earlier in my post
need to be careful here with what people say !!...lol
GLA
Good to read back over Mr Flop Flop's posts.
FYI. 15 Apr 2024 16:46
Have contacted the board this afternoon and asked about this magical raise taking place, a few replies below -
`LIES`
`AS PER RNS WE DO NOT PLAN TO RAISE CAPITAL`
`WE WILL SILENCE THEM SOON`
ENJOY :)
His contacts on the board must really respect him !!!!
Spoofer.
A value accretive placing that few seem to understand. Guess that’s what makes markets
Share price will obviously take a hit on Monday and go back into the 3s considering it’s a placing at 3.30p but will hopefully be short lived.
Obviously not ideal but I think people have overlooked the fact that this was to accommodate two II’s in the natural resources sector, onto our share register. Did it need to be at 3.3p though? I’m just glad I didn’t add this afternoon, as I was about to. It’ll be going in at 0900hrs Monday now, though.
GLA and have a good weekend.
You keep telling yourself StockChecker. In my experience any company that needs money to fund stuff, the SP never ever goes up.
Happens over and over, oil companies, mining companies, technology companies. All the same rinse and repeat
Guessing this was the reason that after all the recent RNS n positive publicity on tweeter(X), someone kept dumping shares..
🧐
GLA
They waited until after hours to sneak in this RNS.
Placing shares to be admitted on the lse on the 6th May, that’s a Bank holiday
I'd take kindly to a couple of comments below, perhaps this is a form of temporary protection whilst negotiating,
Someone boldly mentioned this here a couple of days ago and we buried him … hmmm
He was very confident about it happening!!!!
So they were not ‘fully funded’ as they told us? .. me confused 🫤
Stockcqueche , how much of a multiplication do you see, once drilling?
Good educated positive comments the previous two .
I think the market will digest this and respond well next week. A small but necessary placement to allow focus on the prize
Prudent to put $4mn on your balance sheet whilst negotiating with partners I would think and with only 3 quality placees. That’s a win for me
"The net Proceeds of the Placing will provide the Company with sufficient capital to support its business plans, including drilling a well."
They must be very confident that they will be drilling that well, so I'd ignore the placing price and the dilution, as drilling the well will multiply the share price.
Perhaps this is to ensure upl have the funds to fulfill their side of a joint ventire commitment. Could be the other partner is now ready to sign ot off. Lets hope so.
…UPL garden 🤔
Sneaky after hours raise hopefully will be followed by good news soon 🤞
Can you see any other information than this? Iv found the website, image and same quote but that’s it. Fingers crossed for some more updates early next week from UPL
Re-activation of mature oil fields is quoted.
Anyone heard of Serepta - a Norwegian company. News on their website that they’ve been approached by PETROS for some sort of a study.
Market needs concrete news to move the dial here.
I’d expect it to settle around 4.4-4.5 for a while until more news is released. I don’t think the PSC is as close as some would like though the meeting in London does show serious intent.
Surely this has to start moving towards 5p..
So many positives here..
GLA
There are many ways to assemble the pieces into a story, but something big is going down.