George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Hi everyone, I’m curious and please bear with me. Am I correct in interpreting that the $220mil bank financing will mean we’re fully funded? If so why the other discounted options for a further $120mil with Wyloo? Or is this a requirement to have capital available to secure the bank finance?
How quickly will this be oversubscribed for? I’m curious, if this is open now to IIs then could this be resolved tomorrow or Friday? I’ve not much of an understanding on this but surely this is the opportunity for JPM and other shorters to close out …. Closely followed by a share price increase
… are we counting chickens before they hatch? NCM still have 10trading days left to exercise their option, and facially for this report they hadn’t exercised it… yet. Unless I missed it, wouldn’t there be a more specific RNS stating that this decision has been made and why (possibly by SD tomorrow). Personally hope we keep the 5% and now SD can announce his plan for financing.
Seeing that the stock on loan has significantly increased and seems to be getting larger and accelerating on a daily basis (circa 95 million shares after todays 1.5mill increase). I am struggling to understand, are these shares available to short for clients…. Or does this mean they are all short already with people exposing themselves more to risk of all the news due soon? There must be a tipping point that people look for to get involved in a short squeeze at pounce on it?