George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
spud,
Would you go as far as to say that the paid pumpers may be given inside information from the company, to lift the share price, prior to exiting?
I am thinking of a holder in this very share a few years ago...
An odd investment strategy, to say the least.
Another 100:1 consolidation might see the share price at £1 (briefly...).
Four contracts to be announced in October? Best get a wriggle on, John, you only have 15 minutes left!
"... everybody just gets rewarded for failure."
They sure do, John, they sure do.
"Projected" - more like projectile (vomiting).
Good stuff? Only if you want to fertilise your roses.
Rodgetrades,
If you really are new to this share and not another of the P&D cohort, understand never to believe a word spoken by John Wood; see "shovel-ready", Triumph Subsea, RNLI and myriad others for details.
Chrisatrdg,
You were confident of a positive RNS this week...
The company doesn't have until Q1 2023!
Riverstone to assume control of Islandmagee, INFA/HARL collapses, JW rewarded for "failure"?
My goodness, the JW apologists have gone awfully quiet of late, after almost 3 years of abuse aimed directly at me...
INTERIM COSTS GO STRATOSPHERIC AT HARLAND & WOLFF GROUP.
Perhaps JW will employ his brother, at 100k per day...
Why would Riverstone release the second $35m to these turkeys, given how quickly the first tranche was spaffed up the wall? Surely there would be performance criteria to be met, prior to the release of the next tranche of funding? Given that default is inevitable, why would Riverstone, effectively, want to pay $70 for Islandmagee, when they can have it for $35m and a little patience? The rest of the "assets" will end up in the bin, where they belong.
Releasing further funds merely gives JW and chums more time to stuff their own pockets, before the inevitable.
Remember when JW stated on video that the number was "very close"?
Wow! I assumed from your earlier post that you had, at least, reduced your position. If not, you are looking at a mid- to high- six figure loss, with no prospect of return. It makes my 30k+ loss small beer...
Dawski,
Given that you were a TR1 holder, I wonder how much you lost and at what level you bailed? It must have been at a massive loss for you and your family...
8 jackets = £26m
4 jackets = £23m
Que?
LSE03,
You post that link as if it's a good thing?! "Delays" indeed.
"...an agreement that will involve de-scoping the contract from eight jackets to four jackets for a sum of £23."
23 quid is about right...