George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Hi paul, yes a sale would be great but all i am saying is let's not believe the share price will reflect the oil in the ground. The market only seems to give realistic value when the oil or gas is being extracted.
A very muted sp response today sets the scene for expectations.
Fingers crossed for the side track
Sharedoc, unfortunately we do see the rise in the SP with a hit as much as we see falls in the event of a duster.
Market wants cash generation and i fear that's quite a long way off even with the possibility of an exchange from a positive result.
In my opinion this needs back to back positive results without the need for significant follow on appraisals, and for a producer to be ready and waiting to do an asset swap into production, for this SP to significantly improve.
In the doldrums we certainly are.
Mozza, i can almost guarantee the SP won't reach 1.71 if we get a hit. The market never gives the full value in my experience, especially with no cash generation behind the company. A hit with latest drill and i would guess 80 - 85 pence.
My thoughts exactly PaulD. It's not like success with a drill bit seems to has as much of a positive effect on the SP as it once did! Success on this drill might see 10p - 15p increase.
Wish I'd have gambled the money i put in and red or black down't casino