George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Final sentences…..due to this de-risked scenario and the stated aim to not raise additional finance all employees have agreed that due to the fact we are flat broke to be paid in Percy Pigs through a strategic alliance with m&S…RNS Ends
A lot of words the summary though is no delivery of any consequence, huge debt, massive private investor share dilution, a share price that sunk by 80+% and more smoke and mirrors than a brothel on fire
Steveward…have you ever thought that some of the people you are berating come on here to ward off some potential newbie investors (which a large % of the PI LTHs are on SYME)…..and gamblers not investors to boot and yes it has got personal and at times goes over the line on both sides. IMO that’s because the rampers are completely reckless in what they often describe as a company that is on the edge if delivery and going to fly. A so called multi bagger. It is a very indeed exceptionally high risk bet IMO and balance is required every day to ensure possible further people don’t end up in the sorry mess some of the rampers have ended up with. So don’t paint this as one sided mate …you are way off the mark
What is the platform? Genuine question. Everyone understands the concept but the value is in the platform which no one ever talks about ……I find that absolutely incredible
Its investing ....not religion!
Market cap still 29.8m and with nothing to underpin it…..no assets, no cash, no pipeline nothing but a dream. This needs to come down to UNDER half this before it’s worth a high risk gamble punt IMO
Oh another “trigger” ...Syme has had more triggers than were present at the Alamo ....
Why would they not be proof of a big 6 company agreeing true sale was “legal” in a Syme scenario…..oh yes NDA…why would there be an NDA ???
1. There is NO PIPELINE
2. There are no paid tampers or derampers
3. You cannot short Syme anywhere
4. PNP is already legal in most European countries …so does that mean the entire pipeline that doesn’t exist is Italian
5. No big 6 audit company has stated that’s true sale will pass regulatory approval
DYOR IMO
Warren the key question which is still the elephant in the room is “Is this concept allowable under Financial Standards and Regulation”. If it isn’t the concept falls. There are those that say a number of the so called “Big 6” audit firms have “confirmed” that it does. The names have never been quoted and there is no public record anywhere of this. Accounting Standards Bodies (e.g. IFRS) have still to make definitive statements but recent comments suggest their is at very least some doubt. IMO DYOR
I think you’ve answered your own issue Scotti and the reason you are underwater. Investment in one company or putting all your eggs in one basket breaks all the rules of investment. Diversification, balance and re-balancing! Try reading a couple of investment books to start with .....you are not an investor ...you are a gambler
And again...I ask...if PNP was already in place across most of Europe why were “the funders” not already in place for the other countries...your supposition would suggest the only funders out there are only prepared to invest in the Italian Market? Thats your belief Peak?
If PNP was already law in most of the rest of Europe why should it be a trigger in Italy when it clearly wasn’t in other countries???
"Level two now on full offer so a few more buys and we should go blue”
Wow so many posts yesterday and today that to say they haven’t aged well would be an understatement ......
Which type of II’s would you be talking about......Has anyone got hold of a recent share holder register to list any current II’s ? And please remember when your eyes light up and you start quoting banks and other big namer financial institutions that these will be CUSTODY ACCOUNts for you the Private Investors.
“ client base”……..? Hmmmmmmmmm
Absolutely....will probably be Item Number 1 on most board agendas! Board paper attached saying lets “snap up” SYME shares .....OMG you couldn’t make this stuff up!
“Breakout” ……………
Mistergreen…..a good analogy and post
@Luckybob fund raise from whom?
Where are the real facts on demand …it seems to me the comments are always about funding being the issue……bearing in mind the huge pork pies AZ told about the real pipeline and DD fees I personally am exceptionally sceptical there is ANY DEMAND.