George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
is there a mistake in the report? Or have a missed something
it states
"The Company is paid on the 14% coupon of the CLN which is convertible into 17% of the current issued share capital of NRR"
while RNS Tue, 27th Oct 2020 states CLN which is convertible into 13.43 per cent of the current issued share capital of NRR
-------------------------
There was a NRR rights issue/capital raise(??) which AMC chose not to participate in, thereby diluting our original percentage conversion right.
"Having a breather but did bump its head on 1.73
https://invst.ly/v5zgh"
Is a flag forming?
I think the switch to reconsider underground mining as being 'cost effective' could probably relate more to the recently compiled pit structure wall angle and the additional costs associated with having to remove more waste.
I think this may have been quoted 1 or 2 (hundred times in the past) but... RY, under promise, over deliver.
I'm a little curious why there appears such an obsession in this board regarding the NRR ore shipments? I mean it is nice to see progress in the Sarah that is AMC but, we have the agreed financing in place regarding our immediate returns (14%).
Obviously we hope NRR are able to progress with maximising the mines output so as to support the required investment but what that return may look like now and in up to 3 years time for AMC is going to be a huge unknown.
"More recently I contacted them ahead of the AGM with my views on time lines and ensuring PIs had enough time to vote following any Q&A as the EGM was very tight with some posters complaining their votes had not been counted."
Perhaps they were using US vote counting machines?
I think the TEO will be a damp squib wrt the SP. 'Things' will come from it but, how quickly they will arrive is anyone's guess.
But, as a LTH, I am feeling very comfortable with the situation and progression. Does AMC's lack of engagement frustrate me, absolutely but, such is the life of AIM.
"I have read past 2 years RNS over the week since my last visit here back in the 45p frenzy.
TEO feeds into BFS. They are preparing both in parallel.
TEO is Russian name effectively for BFS. There is going to be no one year wait for BFS. They should come back to back soon after TEO."
What a load of pumping rubbish.
You are Donald Trump, I claim my prize.