George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
On March 3rd at the AGM when they likely announce that rig negotiations continue to be ongoing and despite the over 3 months between December 7th (when they were in LATE STAGE NEGOTIATIONS) and March 3rd there is no further update, could be damaging for the share price.
Fred, you are a blatant ramper. Dozzawba, I don't see how no news is good news. We are all waiting for news!
iamrich, why would you not want the rigs to be secured asap and in the simplest manner so drilling can begin?
I will be very surprised if this company can actually produce a significant revenue and sell oil. Mike's previous companies don't seem to have gone anywhere. I am keeping this as a complete gamble.
Can someone prove that Petrovis is the biggest fuel supplier in Mongolia?
IMO, this stock will not have a sustained rise until oil is being produced and sold.
I believe that if Petro Matad can release good news regarding the rigs in the next week we will see a further rise.
However, If Petro Matad cannot release good news about the rigs within the immediate future we will probably fall back to ~3.00.
My worry is that the Twitter, Telegram Folk will not want to wait another 45 days. Additionally, the "festive period" should not have taken up more than 14 days, leaving 31 days of running around. Christmas is hardly celebrated in Mongolia. I think we should all just hope that an RNS comes soon.