George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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NtM
If you are right about the April update then you may be right about getting to 2.5p earlier. The reason why I said 3 months before 2.5 p, is because we were told in the 9 Jan RNS that....
"We anticipate that the financial results from Fair Bride, where we have a 23 per cent. net profit share will initially be reported semi-annually."
To me that implies another 3 months wait before next update??
i'm going to get ba+lsy here/now Andrew and offer that I feel there's a good chance we'll get a Fairbride progress update sometime in April and it will show solid to good progression month on month over recent months and while still a ways to go to get to where it can get to on a monthly run rate basis, people will be reasurred and a somewhat meaningful re rate will occur.. and that get us towards that 2.5p sometime in April ..
(I may be completely wrong of course.. but you've gotta have a view.. and that's my latest one )
imho & dyor
I'd like to think we might get back there earlier than that, Andrew. But, you seem pretty accurate with your timelines, or rather Colin seems woefully inaccurate so you might be right.
Jokes aside, one thing in our favour is that this has the ability to move up sharpish on reasonable volume. We moved up from 2p to 8p on 200 (?) trades a day in less than a week in 2021. Slightly different scenario if we rise this time, in that the majority of shareholders are underwater, and I would wager mostly in the 3.5/4-6p zone. I.e. shares are in sticky hands, looking to recoup losses, rather than make a quick buck. Therefore, we could move up quickly as we go through the ranges from 1.5-2, then 2-3p, and onwards from there.
All of this is dependent on Colin giving us the news (possibly the hardest part of all this conjecture). All IMO. GLA and hope the weekend is pleasant.
p.s. Apologies NtM - will let you go ahead when people actually do need to be in this over the weekend ;)
NtM
I'm not expecting this to be going over 2.5p anytime soon so you will have plenty of Fridays to get in with
"Wouldn't want to be out of this over the weekend! :)
I think we will need FB results to get this back over 2.5p and that wont be happening for circa 3 months.
Ignore that Andrew. Thought i was looking at another investment
Andrew i nevwr had an idea you were invested here. I decided to join in as looks quite promising. Might make a few quid erlier than over the water down under
That you got to say that ahead of me Ben 'owell has already ruined my weekend :-(
Wake me up when this gets back to 2.5p.. as it never should have gone under that anyway
imho & dyor
Oh go on then...
Wouldn't want to be out of this over the weekend!
I can sell 900K no problem. Previously over the last 2 weeks it was hard to sell and when I could max of 400k to 500K.
Too early to call the reversal but possible some green shoots of recovery???
Maybe Q4 results next week will help things along......or slow things down :)
There might be a bit of a change of sentiment in here, I see some buying returning today and yesterday and if copper does what everybody expects it to do, we might move along with it.
Try again,
The industry average Open pit ‘mining’ cost distribution is,
Mining 50% consisting, Drilling 5%, Blasting 6% , Digging 9%, Hauling 30%
Milling 50% consisting, Grinding 30%, Flotation 10%, Dewatering 10%
Was just within that range to begin with!
The industry average Open pit ‘mining’ cost distribution is,
In most cases, barren rock is harder and, consequently, more difficult to grind than the mineral carrying ore which is often found in the weaker areas of the rock due to dissemination and other geological factors. The harder the rock, the longer the grinding time and the lower the mill throughput. Also, hard rock results in overgrinding the ore and uses more energy.
So with the increase in head grade by a reduction of the ore by as much as 50% from bulk ore sorting, before it goes for the more energy intensive secondary grinding, in theory, the reduction in energy consumption would be far more than the comparative 50% reduction in ore.
As processing of the Bushranger ore contributes between 49% and 61% of the total production cost across the 16 cases examined in the interim report, BOS will help slash those production costs adding to the positive impact overall toward recoveries, capital and op costs.
The industry average Open pit ‘mining’ cost distribution is,
>>Depleting stocks worldwide drove key commodity trader Trafigura to forecast copper prices will reach a record high this year, while supply and demand imbalances led Goldman Sachs to expect the global shortage of visible copper inventories by September.
•Tradingeconomics.com
Perfect storm brewing.
Well I’m sitting in a coffee shop in Turkey and small world. But the Russian guy next to me was telling his sister that he heard from the bus driver from the airport (whose second cousin is a barber in Sydney) that the real reason why is that they need to get there accounts in order as they will be taken over next month.
Oh hang on… I should be posting this on Sunday.
I can get a price to buy (0.0153) but have enough (far too many). Surprised no trades in the first 20mins.
When Jeffreys Henry LLP were appointed about 18 months ago (at a guess) they specialised in mergers and acquisitions, and working with mid cap companies. It appears they had streamlined their business model at some point.
Early morning RNS - rush, with excitement mounting, to read . . . change of auditor. Oh well - there is always tomorrow, next week, month and , as this is XTR, year/decade.
If this had an intraday spike to 6p you wouldn't see me for dust !
tbh I would rather the journey back to 6p was a robust one that took time rather than a relatively quick spike back up. I would have more confidence that we would be staying at 6p if it look circa 9 months to get there and that would be a firm base for hopefully further gains?
My immediate concern is seeing some big sells over next few days. If we dont see that then hopefully we will have a slow climb back up??
Good old compound interest. We'll be back at 6p just after Easter at this rate...
A 15% rise on a 1.5 penny SP is only equivalent to a 3.75% rise on a 6p stock - which this was a year ago.
Gonna take a lot of 15% days.
Looks like 1.3p U/T trade after hours wiped out the real 15.4% rise !!
At least it should open up tomorrow :)
you buying punchily today ?
My message a day or two ago mentions the the activity in the next few days might indicate what we might expect in the forthcoming report due out in the next few days. Sounds positive