George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Call me a nutter, but i've just bought 10000 of these. I seem to have conveniently forgotten about the huge loss (48k) I suffered having taken the 6p offer. Having seen the potential here - with possible recovering iron ore, I have decided to take a small punt. Good luck to all who stay aboard.
The difference to me between selling now and at 6p is also 1000, so i'm holding for the 6p. I am certain it will be paid. Maybe, the offer will rise as time goes on as there are a few holders who seem determined to hold until after the split. Redbird aren't really going to want PI's hanging around, so they may encourage people to sell. The 6p is definite anyway.
I had a similar thing happen with a company I owned shares in, Turbotec. I had fortunately sold half when they were doing well, so they didn't owe me anything. They delisted, and now I hold shares in a private company. I get the chairman's statement etc. I sent an email to the CEO not so long back asking how my shares were holding up, he replied fairly quickly stating that I was still a shareholder. I would have to email the company if I were looking to sel the shares, and hope that they knew of someone who wanted to buy them.
These guys have the wrong strategy IMO. Getting rid of the units, and buying shops, durrr - aren't town center's and shops closing left right and center? Isn't manufacturing picking up? I own a few units, and one or two shops, the companies in the units are doing great, but I wonder how long the shops are going to keep going.
Looks like an overhang which is stopping the price from increasing too much. Even with big trades, the price is stable around 70p. It should fly once this is cleared. Don't forget the NAV is 175p for these. It's just the debt that's holding it back. Hopefully the management should have cleared some of this. We shall know in the upcoming results. GL
Nice size trades coming through now here. I've decided to top up, as I can see these quite easily above a quid. It's a great specialist company, with good management. With the economy picking up slowly - especially for the mining industry, and agriculture. The future looks great! DYOR GL
IMO, I can't see why these are trading so low. The only downside I can see is the outstanding debt, which I believe is now under control due to the recent funding round. It's just a wait and see what the latest results will show scenario. I suspect they will be in line with expectations, with an up beat outlook.
fookin clueless..... You are the clueless one....if you think that what I said can be ridiculed. I'm just stating it as it is. The fact that our wages are higher than most of the rest of the world's is a thing to be proud of? You can't have it both ways. People want more, and more gets more. Our wages are already higher than every other country, so why should we want more? You guessed it, people are greedy, everyone. From the humble street cleaner to the high powered boss. If the people in the third world work for peanuts, then that's their choice, and I can tell you they are happy with their jobs, as whats the alternative - begging? Of course they want more, and here we are again, more wants more. Who doesn't want more? So, am I making this up, is this trickery, smoke and mirrors. I don't know, you decide for yourself, then tell me. No, don't tell me - I don't want to know. I've got enough, yes enough. So, who's the one who's fookin clueless, you or me?
Maggie and the Tories got the blame for the coal mines closing, when in reality it was the unions that put the lid on it. The lack of competitiveness was a result of workers not willing to make the changes the management tried to bring in. It's the same story with BA, and if it closes you can bet it won't be the unions that get the blame for it. This old labour style union attitude belongs in the dark ages - its no good for a modern, internationally competitive market.