George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
BBH that’s the billion dollar question.. estimates vary from the award adding £10+per share to £20+per share and some say higher… I try to think of it as icing on the cake.. my investment is based upon the business as a whole not just YPF and I expect the SP to be c£40-£60 in 2-3years giving a market of £9bn to £13bn. The current conservative NAV is c£8bn.
Mithraq sold 5m shares early March as they needed funds quickly for another investment and was widely reported and an RNS was published.. They still held 8% maybe they needed to sell another 7m.. my point being it happens and we may never know why
War is always stupid as anyone who has ever been involved will testify.. Hopefully the Iranian actions will lead to a calming of rhetoric as is being touted by the yanks.
As for the SP action late friday it would appear a large holder sold a large amount of shares and there could be many many reasons for this.. it happens! We will see over the next few days if it’s anything more than this but I don’t think the unfortunate events in the Middle East will have much impact on BUR or the broader market .. if it stays quiet it will probably be viewed as a positive.