Member Info for ALB1

Allthatguff, unfortunately,, it has been myself who read this correctly. You and the rampers laughed off my prediction of delays and an SP under 1p... I do believe that prediction has materialised.

Further to that prediction, I forcast the SP hitting 0.75p this followed by further delays and a possible non deliverable EPC.

Allthatguff post 5.7.22

RE: Financing proposal5 Jul '22
Over 60% of company held by significant shareholders.

From Kore website..

Shareholder. ................... No. of Ordinary Shares % of issued capital
Princess Aurora Pte Limited (OIA) 661,885,171 19.35
Sociedad Química y Minera (SQM) 538,210,503 15.74
Harlequin Investments Limited 368,451,313 10.77
Dingyi Group Investment Limited 198,520,782 5.80
David Hathorn 144,237,061 4.22
Wadeville International 114,358,478 3.34
David Stevens 113,500,000 3.32

Allthatguff, Not deramping here, just saying it as it is. I hold shares therefore hoping for a positive outcome. Let's see what happens. Can only go one way or other now!.

allthatguff, problem is .... the CEO/BOD here do not care about PI's .... It's blatantly pretty obvious!. Not a sniff of a shareholders communication brief or webcast at all (that tells the story!). It will be the II big holders here and Brad who get the eventual fruits (10 x) from the mines not the PI's

The number of shares not in public hands is around 75%

MC = £30 - £7m cash = £23m . II's hold 75% in total thus £6.5m required to take full control fit the consortiums. Do you honestly think the major holders and funders who are prepared to stump up $1.5b will care about £6.5m ontop of to take full control!!.

Ask Brad, as he doesn't reply to emails nowadays..

Barravelli, totally agree with you.... Something is not right here hence 0.9p. $200m has been spent however and the asset is therefore worth something. I can see a cheap take private job here by the ll's. Let's face it , it's them who will put up the $1.5b to build it therefore they can manipulate gaining total control too.

Brad & the BOD are probably aware!

Cont'
Well,, the market doesn't believe this finance / EPC deal will happen.... May be time for Brad to seek a sale of assets.

Before the remaining cash is spent!

Well,, the market doesn't believe this finance / EPC deal will happen.... May be time for Brad to seek a sale of assets.

Doubt it ice cream, they may get a 1.5p / 2p a share offer that's about it..

Plain to see what will happen here , cheap sale - why further discussions?, over what?, there were supposed to be communicating with SEPCO since last Feb to get this done?... So what's Brad/BOD been doing since June?.... hence no web casts or brokers updates.... Is it all a con one says hmmmm. Maybe Brad can answer that one soon.

'There are a number of proposed contractual terms that the Company believes now require further discussion before acceptance. These discussions have already commenced and Kore and SEPCO are making every effort to expedite this process. It may transpire that SEPCO will require further SEPCO and Power China Board approvals prior to the finalisation of the contractual terms'.

allthatguff, problem is .... the CEO/BOD here do not care about PI's .... It's blatantly pretty obvious!. Not a sniff of a shareholders communication brief or webcast at all (that tells the story!). It will be the II big holders here and Brad who get the eventual fruits (10 x) from the mines not the PI's.

Look at the chart , best waiting for the 0.60/0.70p mark. Nothing happening here till 2023 earliest (that's a big if too). Till then it will drift.

May fail to even materialise yet!, even if a deal is done you cannot rule out it won't be a poor deal... Unfortunately the P\R on this and the many many timeline failure's has sucked away any interest. It may get to 2p on a start up if it happens?.

Its back to square 1... Granted, it's a big project though and $1.8b isn't just a micky mouse sum. Can't see anything happening this side of Christmas now and judging by the SP and total lack of interest who knows which way this will go.

Still very risky this!.

With a 'current' NAV of 3.5p this without finance in place I have now decided to hold long term and await any developments.

Don't get me wrong johnnyy,, if they get the deal done as stated then obviously it's a X10 share.

Lamp56, it's not myself who makes the SP, said this before. If this was real do you not think the SP would be 8/9/10/15p rather than 0.9p!.

Maybe you should question this with the CEO/BOD and not on this BB.

Allthatguff, alas the SP is down 5% again... Alas soon be 0.5p....watch and learn.

Current MC £30m
75% of shares with II's
£6m cash
II's only need £2m to take this out.....outright!

If anyone thinks the biggest shareholders are going to put in £1.5b without just taking the lot for £2m is crazy. PI's shafted here!.

No johnyy, I just highlight the serial rampers...such as on here with their crazy expectations.