George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
https://www.**********.co.uk/rns/announcement/57d58079-c57f-41ea-9c6b-cc331d8b2077/
March 15th Investor and analyst conference call, will there be more news before this event, I wonder!
Hi Impecunious, yes you are correct about the risk aversion it is usually around the 15th March (the Ides of March) historically when people cash in some shares to pay dues before the end of the fiscal year. The other date which also has reaction in the markets is 22/3 which has other implications and can also be traced back historically. It was just an observation on the way that the two companies after getting JV partners on board and starting drilling campaigns proving up the resource have coincidentally looked at bringing aboard II's and how the results of drilling have been reported and share prices almost halved in each case. GGP went on from around 3p up to around 36p in about 9 months, 12 times the price. Lets hope it is a sign for things to come here.
I posted this on February 9th before the last drill results.
I was in GGP last March when they had just had an institutional presentation when the share price suddenly dipped from just under 6p to just under 3p, was this done to let the institutional investors in at a lower price? Gervaise Heddle then made a director buy which pushed the price back up with further drill and Newcrest announcements. I have been here for a few years and very happy with the way things are going but the way that news has been presented to shareholders has been a bit vague. The sp here was about 27p when people were waiting for the RNS confirming the start of drilling when we were hit with the announcement of capital raise and share dilution at a price of 17p which we touched at one stage. The price has regained to roughly where we were before dilution with the announcement of the first drill results and visual study of the other drill results, another rig has been added which should have started drilling before end of January with no further news of this as well as the Covid delayed assay results on the other three holes. Since the result of the first hole, Nick von Schirnding has arrived with the intention of bringing aboard the institutional investors. There has been selling in the background whilst we wait for the results of the other three drills, who was selling? Now if the results of the the next three drills are not as expected and the price dips, will this give them the window to bring in the Institutions. I am a big holder here and will continue to hold long term but in poker parlance the cards are there waiting to be played and I wonder if Brad is a poker player?
Lets look at the positives from beginning of September 2020 :-
Newmont ( No1 Gold miner ) continues payment for JV
Agnico Eagle ( TOP 10 Gold miner) who are operational in Columbia, come into a JV with Newmont and Orosur
2 rigs brought to site in challenging conditions (covid 19) and 80 people on the ground.
Cash raise done for Orosur
Initial drill result confirms Weymar drilling
Brings in a new Director with exposure to Institutional Investors
Further drill results proving area.
4 rigs now going to be drilling
This is what has happened so far and if Newmont and Agnico take over the drilling, it will leave Orosur to progress the other areas once licences have been approved.
This has all been done in the space of 6 months in very challenging conditions.
Anybody willing to add anything.
Watch out for director or institutional buys in the next few day's or week.
In reply to magictrades, thank you for your consolidating view on the drilling results which was said by iterated Brad before the drills took place, people don't realise that there are many aspects in creating and running a company. It seems that all the pieces are coming together. The foundation is now there and waiting to be built on.
Relax everybody, you only have to look at the pieces of the jigsaw to see how this is being played. If you want to know the way ahead always ask somebody who has been there. The game has just begun.
Now that the burden of Uruguay is off Orosurs back, we can hopefully get on with things. Well played Brad.
I apologise to you Cheemap, I have now looked up your historic posting here as my first search on LSE showed you had posted only four times. I realise that you are as frustrated as other holders and was suggesting another avenue for Mr Parry and I tallied this with the posts from Asefton who just seemed to appear from nowhere. I invested here as I thought that this would be a Gold blockchain company which I saw as a win win scenario. Parry will strip the assets of this company to cover his salary and leave the mess for others to clear up with the shareholders still holding on to promises.
What can we do? If we start a social media campaign to show what is happening, will Mr Parry use this as an excuse for the company failing and ride into the sunset? If we sit back and do nothing he just carries on taking his salary and making promises. Unless we can get more than 50% of shareholders to change things it seems they can do what ever they like. I do like the idea of Bitcoin being used to purchase gold on the exchange though, if only ! If anybody else has any other suggestions please share but I do think if somebody starts a twitter thread things can change.
I posted this on February 9th as I had a feeling about the way the Ist drill had been published and the others were delayed.
In reply to Rob1967 and institutions, these are some observations I have made. I was in GGP last March when they had just had an institutional presentation when the share price suddenly dipped from just under 6p to just under 3p, was this done to let the institutional investors in at a lower price? Gervaise Heddle then made a director buy which pushed the price back up with further drill and Newcrest announcements. I have been here for a few years and very happy with the way things are going but the way that news has been presented to shareholders has been a bit vague. The sp here was about 27p when people were waiting for the RNS confirming the start of drilling when we were hit with the announcement of capital raise and share dilution at a price of 17p which we touched at one stage. The price has regained to roughly where we were before dilution with the announcement of the first drill results and visual study of the other drill results, another rig has been added which should have started drilling before end of January with no further news of this as well as the Covid delayed assay results on the other three holes. Since the result of the first hole, Nick von Schirnding has arrived with the intention of bringing aboard the institutional investors. There has been selling in the background whilst we wait for the results of the other three drills, who was selling? Now if the results of the the next three drills are not as expected and the price dips, will this give them the window to bring in the Institutions. I am a big holder here and will continue to hold long term but in poker parlance the cards are there waiting to be played and I wonder if Brad is a poker player?
Did the management team have access to the assays before they were sent off and who was selling off into the rise in large tranches? Looks like the cards have been played very well in my opinion and whoever bought at 17p could have sold at 34p and can now buy again under 30p. I am sure Orosur will come good but for now I am out.
Asefton and Cheemap are obviously Cameron stooges trying to deflect things here, 4 posts between them from nowhere. Somebody please set up #TallyMoneyShares on twitter and then we can get things going in the right direction and we can show the social media World what is going on here.
Hi Bhargav, do you know if anybody has done any sort of estimate of resource on historic drill and when is the next payment due from AEM?
Hi MrPartridge, yes there will be a fall initially, any buffoon can see that. I will not post back here for exactly one month 19th March where I will be eating stuffed Partridge off the rising share price.
I am sure the poster who is concerned about their investment can put a charge on the company assets to the value of their shares at the closing price or fair value, in fact I believe every shareholder can do this thus freezing that amount. Somebody please tell me if I am wrong.
#TallyMoneyShares
There is also another option of putting a charge against your shares whilst there is still some assets to do so. This would certainly get a reaction from CP and hopefully secure your investment, somebody please tell me if I am wrong. The promise of re-listing is deflecting from this option that people have! https://www.clarkslegal.com/Blog/Post/Taking_and_enforcement_of_charges_over_shares_in_English_companies.
In reply to you Lu_cypher, I waited to see what people's reactions were here before I e-mailed you and it looks like I was right. I know you are frustrated but I am trying to show a way forward. I can't go to the Police in the UK as I am non domicile. Has anybody read the sections of the fraud act that I quoted? Also twitter is the perfect entity to stir up the hornet's nest and I am unable to start the thread. #TallyMoneyShares would be the perfect thread to start as it would have a lot of impact and other share holders would have access to a bigger audience other than this secluded share chat and Mr Parry ( who I am totally unlike thank you) would have a huge shock. Somebody please start this thread if you are serious on doing something or just sit back and moan and let Parry take more money, over £500,000 since de-listing and counting.
Hi Lu_cypher, I will e-mail you in the morning with some ideas on things. I have to think of legal aspects before hand.
Mr Parry has a history with his former companies and will have an excuse for this not being his fault but it has happened on his watch so to say and it's not like he hasn't had enough experience of running companies. Also what has happened to the other assets of the company which we have had no mention of?
It's the events that led up to the delisting that make him culpable with him having a duty of care to all shareholders. The delisting was not voted for and happened after either negligence or a contrived action which Mr Parry has personally gained financially at the expense of others.If for arguments sake he had continued his position "pro bono" until the situation was resolved, then this would have shown good character. Let's not forget how he has hidden behind this situation, either forced or by neglect by his actions or lack of them, he has gained massively financially to the detriment of others who put heir money in the company in good faith thus leaving him culpable for loss either "temporary or permanent" as quoted in section 4 (1) (a) of The Fraud Act 2009 which leads to section 5 (2)(b). This is an Act of Parliament, the highest law there is and has to be acted on and investigated by the Her Majesty's Police if a formal complaint is made by somebody and with supporting evidence or complaints by other shareholders. A famous quote from Edmund Burke who was an Irish statesman,philosopher and member of Parliament, “The only thing necessary for the triumph of evil is for good men to do nothing.” also re-quoted by John F Kennedy.