George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Found it and asked to join. Simply Deano over on telegram I am.
I'm not buying the "can't raise" nonsense. Yeah it's harder but we are only talking a couple of million now, not tens or hundreds of them. I mean couldn't his pals throw a few 000k in each? Or what about himself dropping the 2 mil from his family trust? I mean isn't first equity a broker too? Do they have no clients to tap?
Excuses I smell, not actual reasons.
99Treble - no I didn't go into WSBN, but I did put some into EEE, which I am still hoping to do well out of. Interesting couple of months coming up there results wise etc.
Don't need a NOMAD if main market, so likely no we don't have one.
Oh but let's not forget more metrics needed also
Told you before BB - excuse will be it's now summer holidays and nobody is working, then it's too close to winter and Xmas, then it's too cold in Q1. So maybe spring 24? Lol
Hold on chaps
Are you telling me we haven't reserved the ticker TALY? What about the prospectus that our NOMAD was working on for free due to allowing us to fall off the market?
You mean these aren't true?!?!
I'd say more chance of it being Q2 24 and not before. Don't forget the city sleeps in Q3 apparently then it's Christmas, then new year and winter, so nobody will be interested in IPO until spring lol
Got any AIM tips to look at 99Treble? I quit aim years ago, haven't been keeping up to date at all, but could have a bit of a punt if I knew where to rake a look? What's hot at moment?
Problem is BB I don't think he has any mates left
He sacked off Ralph and BigMJ seems to have vanished.
Here is a thought about this broker says no thing.
Isn't Parry a broker? First equity?
Surely he would just use his own company to broker the IPO?
Hahaha
Didgiridoo sucking ******* lol
Best line ever on this board
I liked how our market ticker would be TAL
Now didn't he say he had "reserved" the ticker TALY? Lol
What a load of ****e he has spoken. So many lies in prior RNS. And you know full well no documents have been drafted here. As always expect the worse and hope for the best here
Hmm. Maybe I misread it
I took it that they are struggling financially? Things not getting paid etc? I took it to be they are in distress, so going to the wall.
I see the bit about the company looking to buy, but of the are in distress it will be sold for pennies in the pound.
Hmm. So if Railsbank is going up the wall the shares tally hold in them will be worth nothing to little.
Hopefully we weren't relying on them too much for the valuation
But also don't tally use them for their back end stuff? How will all that be affected if they close down?
The longer this drags on the less likely anything coming of it. Hope was here early this year but it's been pi££ed on now.
This needs to come back on AIM if the 30m is problematic for them. At least they are showing willing doing this, but the lack of willingness to AIM us is stinking like it's a fairytale all round.
He can do it till the money runs out and nothing left to sell/nobody to buy more shares
The article stated there was one 1 billion dollar IPO since Jan this year with a well known established business. However in 2022 there has only been 7 billion raised via IPO including that billion dollar one. In 2021 there were IPO of over 110 billion dollars.
Shows appetite isn't there.
But yes. 30 million should have been easy to achieve. Considering Parry runs first equity. Surely he could IPO himself?
https://www.ft.com/content/90cb4e56-b460-4654-b420-9c470218fd9b
Seems its not only UK having issues with IPO of new tech stocks but US also. I do think it's just lack of appetite right now for this sort of thing. Just our luck isn't it that Parry ****ed away all the time when he likely could have got it away to now try when nobody is interested
Let's not forget that he has "reserved" the ticker TALY though lol
What a crock of **** he speaks