George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
makeabundle
‘the bidders are still at the table…’
what does that actually mean?
having no names mean it cannot be challenged… any of said companies that might have kicked some tyres 5 yrs back and gone cold aren’t going to be ****d… who are these ‘bidders’?
MyIPA
The same could be said of the rampers, why do they continue, after 5 years passionately peddling this merry go round….
Works both ways. Good luck taking confidence from the polymetal deal… that has absolutely nothing in common with EUA…. Zilch
Shortly
‘SP is about to turn…’
Based on what exactly?
There is absolutely no programme to work to.
How would any new investor asses this company?
No mining plan, no cash flow forecast, no strategy, no mining and nothing of any substance about any sale
Shortly
‘ The BOD were previously hopeful of a sale in December. It's now February, so if nothing has changed it's highly likely to close in Q1. ’
Highly likely??
Based on what?
Visibility still ‘low’ on next update I’m afraid
No business in the world ever would not have sold that concentrate as quick as possible, esp an explorer/junior
They clearly can’t sell it.
Speculating that prices may increase in the future … etc is utter rubbish.
Wonder what the storage cost is… anyone actually seen it?
Pompal
You mean this belter of a non-statement
‘ The Board and senior executives remain hopeful of a successful conclusion to the sale of assets process and we look forward to updating our shareholders in this regard as appropriate."
I do not see anything that changes from ‘low visibility’.
If anything it reinforces it!!
In the RNS last year the BoD stated that visibility on the next sales update was ‘low’.
CS verbally then said ‘hopeful’ of a sale before year end
With the cash reserves now depleting and not being replenished it follows that the ‘visibility ’ level on when the update will be should start to improve (not necessarily for the best reasons mind)
It cannot remain’low’ given the runway is rapidly running out…visability on sales update will therefore transition to ‘high’ once the cash reserves have gone. Good news, yeah….
The update however is increasingly likely to be ‘unable to find a buyer ….’
Imo
Shortly
DD complete
Visibility on the next sales update is LOW according to the BoD.
There is only one executive director mind. Anyone seen DS?
Wonder if CS will be Scrooge like working late on Christmas Eve trying get ‘stuff’ done.
Given the Russian holidays in Jan the next corporate update could be weeks and weeks away.
Shortly