George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Ps 11k ish gbp total - buys and sells - transacted here today is kinda par for the course in 2024.. if any big holder/s that annoyed you, OSB, took your advice and tried selling their holding off into such volume, this s/p would be a lot closer to half a p than 1p in short order imho
Why else would I be bothered Howezap ?
If I didn't have skin in the game why would I bother venting on this ineffectual platform ?
I'm just venting and it feels good when it ruffles a few feathers.
It's an irrelevance as to getting my money back either way but I can so I will.
...for calling him Old School Rodney a while back.
One of Rodney's two GCSE's was in Maths... and as Mr Joel Silberstein is Accountant/Finance Director, the Rodney nickname better belongs to him, in fairness.
So who in the Xtracters World might OSV sit still had me thinking?!
And while walking through Kendrick Mews recently I saw light:
Those Heritage - very upper end - Classic car showrooms all alongside HQ xtr.l - maybe all owned by Peter Bradfield Ltd.. maybe some only owned by him ? - got me wondering if, punter that he is, Mr Colin Bird has taken an interest in some shape or form in that/those Vintage Motors Businesses...
And your tie in to xtr.l is off the back of this, OSV... A Mr Bradfield or such like.
So, long story short, I'd now like to correct my previous offering and go with Boycie instead of Rodney for you.
Giving us :
Mr Colin Derek Bird
Mr Joel Rodney Silberstein
Mr Herman Aubrey Old School Values Boyce.. aka Old School Boycie
This time next year........You know it makes sense !
What, real money Jez? 😬
I’ve just added another few million more xtr shares to my fantasy portfolio
If only we owned a gold mine .......
Afternoon Birdy ole boy.
I didn't mention a vote I just want you to pull your wrinkly old finger out of
whatever you've currently got it stuck in and get me my money back.
Get on with it you old tart !
An over whelming majority of shareholders voted for what they wanted.
Being so out of step with the majority would be a sign to exit I would have thought unless already not a holder of course.
Bird got what he wanted so it's back to FU shareholders until next time I need your vote ❎
There is need to first understand the difficulties and real risks in transitioning to underground mining before anyone should even doubt the decision to offload Manica. Let alone, the financial risk burden that can spiral ‘toward’ getting the feasibility study, along with the next mining phase’s NPV that will determine the next development stage. (Upgrade or new) Also, being in a JV as a minority partner who have already shown to be difficult to get monies owed from (Quoted by CB) citing questionable Op costs. Is essential to go into a JV with expectations aligned.
Mines are formed around their natural foundations. So in optimising the NPV for that transition, they will be dictated by natural characteristics and not just follow a predetermined development path or design for an UG mine as there isn’t one.
It really isn’t a straightforward process. It’s not a case of agreeing to build a new plant or upgrade and then design an underground mine around it.
To determine an NPV for the mines next phase, they need to design the UG mine. The crown pillars (rock left in situ for natural support) would ideally be located where there is rock with low economic worth or is barren as these areas are not mineable in the next phase. So obviously there is need for a lot of deeper drilling than the known resource. This all needs to be determined before designing, that optimises the NPV and toward the feasibility study.
Would Manica have been sold anyway?
I would be confident in saying that the disposal would have happened regardless of activities or commitments elsewhere.
crawl back under your stone and wait for evolution to deal with you !! what a ****** !!
Yes idiot! I know what it says! It ain't gonna happen....... moron! Same as the 10p options aren't going to happen.....that was in an rns, it must be true! I've just bought a lottery ticket I am definitely going to win this time.
"Where do these idiots come from" this is what Colin must think every time he gets paid lol 😆
Which bit of this do you not understand ? Taken from the January RNS announcement of the disposal of Manica ?
If there is any breach of these security provisions or the late payment of any of the amounts due to be paid by the Buyers under the MMP Agreements that is not rectified within 14 days, then: (i) all outstanding amounts will become due and payable; (ii) interest will from the date of the breach accrue on all unpaid amounts at the rate of 2% per cent per month compounded monthly on the last day of each calendar month; and (iii) the Buyers irrevocably grant to the Seller (or its nominated representative) an option to acquire the Mining Licence and / or all the issued shares of Explorator for US$1 such option to remain valid until all amounts including accrued interest due under the MMP Agreements have been paid in full.
Christ where do these Bulletin Board cr-p-heads come from ?
Perhaps you should wake-up, do some reading of the default clauses in the SPA between Buyer and Seller and then come back and apologise.
Idiot !!
There is no way in hell that the 40+ million mine will be bought for £1.
I think it's about time xtract holders wake up!
At least the rising price of gold will ensure that our royalties are paid in full and on time. If they don't we get the mine back for the price of $1.
Jan Nelson seems to look in the right places for copper 😉
Look at gold go..... As predicted! Lucky we have a gold mine......
The total value of all trades - buys and sells - in all Feb 24 for xtr.l was under 300k gbp btw (was just looking on London Stock exchange site for this for another share and took a look for xtr too) = sad
But at least Jan and Feb 24 total values are better than the back end of 2023 ones.. towards finishing on a positive ! :-)
With such low transacted volumes the few grand bet traders that are happy to take 10% or 20% will still have big sway here.. if/when buying volume transacted increases meaningfully here, while there will always be selling in play at whatever s/p, the smaller bet short term trader types will have less and less overall s/p impact .....
Indeed. That little furry earlier this week does seem to have elicited more sideline sellers to come out of the woodwork. The distribution stage hasn't finished yet, it seems.
It was getting awkward to buy at 1.1 on Monday then it shot up.
Haven’t tried buying today but the stock did feel in shorter supply earlier in the week.
Feel like the market needs to see an rns that confirms forthcoming drill activity WITHOUT dilution.
Market doesn’t trust Bird so needs to be but in writing to remove any doubts around costs imo
Decent volume needs to come back here to facilitate a sustained meaningful rally imho..eg back towards 1.75p ... and news still the most likely the driver for that for xtr.l, I'd expect
That said, there's little stock available to buy at under 1.5 p, I'd suspect - as this s/p is, in the round, too low now at under 1.5p - and so somebodies averaging down punchily here and/or taking decent sized new positions here could rally an illiquid stock like this currently is sustainably back into the 1.5 p to 2p range fairly readily around now too..
imho & dyor
I'm guessing this isn't a rise, just some action with Bed and ISAs? 900k sell covered by 3x300k buys and a few 100ks covered by a 300k.
Always nice to see blue though.