George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
I think the sp will hover round here until big news.
It was trailed several times in the Annual Report that a cash raise would be required this financial year.
It all depends on which comes first, the news or the raise, as to how much will be raised and at what price
Wonder why the SP is being held down.
Could it be to do with the shares held by the directors and the outcome when the options are taken.
At present the directors and trust hold approx 38% of 10.258m shares in issue. Options are outstanding of 8.245m shares with the directors the beneficiaries.
When options are exercised the directors will own over 65% of the company so if the market cap is £1bn the directors walk off with £650m.
Nice work if you can get it.
However at 5.5p per share i will be well satisfied with my holding so go for it guys.
Hope it does not take too long my forecast is 2p at year end.
Looks like perhaps some investors gave been spooked by Tesla news and lost some faith in EVs.
All the more and a better buyin price for those who keep the faith
I am not at all sure the bod will want the warrants exercised as their percentage of shares will be badly diluted. But we will see
So not much longer to wait for good news. Should be along about 15th or 16th April
The directors and trusts own 37% of the company so a substantial holding of approx 3.7bn shares. The directots have options on 6bn at .003p and 1bn at .006p which if converted would mean the directors having to put up £24m to convert the options.
The shares would have to be at a sustantial price before they would do that as they would probably have to pre sell a fair amount to fund it.
Much more likely the options are there for cashng in on a takeover.
Only my opinion
Agree tsbs1 all should just ignore his posts. Dont feed his ego and he will go.
I am lth so not fussed with his comments
Thanks StayLong
Got my points mixed up again
Interesting that warrants are purchased at 3 times the existing sp. If they wanted 16m shares why not buy in the market for .0017 todays price for £28k. Must be confident. Or have i got it wrong.
If i win the competition and i think i will the options will have been exercised and thee will be 17bn shares in issue at 2p giving a mcap of £340m.
If the shares are diluted by 125 this would give 135m shares in issue at £2.50 per share that would be 3.25 dollars at todays rate so would that qualify for NASDAQ?
By the by i think India is the fastest growing economy at present. Do they have an EV battery plant. Perhaps someone with more knowledge than me would know
If the options are taken up then there will be 17bn shares in issue so 1p would be £170m mcap so i go 2p and £340m.
I see from previous RNS that warrants have to be exercised at .0025p by 7th April or they will be cancelled.
There was no mention of warrants in the takeover news.
Dont think its filling just the mms trying to frighten the weak early morning to try and make some money.
Thats me at 10m and holdig till Mr Musk says " I do "
All the sells at .2288 early on were buys. One was mine
High unemployment coming in South Wales.
Now if the our government had £500bn could they perhaps build a facility to manufacture something different to steel. Can anybody make some suggestions as to what that could be?
When 2p is mentioned it is as well to remember there are 6bn share options at .0003 and 1bn at .0006p. So when the sp gets to 1p there could be 17bn shares in issue so at 2p the mcap would need to be 340m.