George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
NOT commercially recoverable--so whats so good about that??
Image result for contingent resources
CONTINGENT RESOURCES are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from known accumulations, but the applied project(s) are not yet considered mature enough for commercial development due to one or more contingencies.
They also said they were in 6 data rooms -yes but there was no conviction any of these would come to anything-thought Blakely's demeanor was very low key
return cash to shareholders in Q2-3--yes==the only really positive from today
ATH--yes that was before these results were leaked
Greatly disappointed with the outlook today:
Maari in interminable delay
Vietnam Gas also in interminable delay
maintenance/no production outages
No positive news or optimism with inorganic expansion
production less than the often quoted 20K bopd
Hence the sp has been sliding over last week or so with little to scope for improvement
Just canot make some of you rampers out. The sp is moving in direct opposite to your statements so you cannot be true investors just opportunatists just misleadingh this BB and you shoukd all be banned